FinTech & CyberSecurity: Bringing Together Two Industries That Already Go Hand-In-Hand

FinTech & CyberSecurity: Bringing Together Two Industries That Already Go Hand-In-Hand

05-Jul-2016 by Andy Shannon

The FinTech revolution has been one of the hottest tech topics in the last couple of years. It has disrupted the status quo, modernized old institutions, and changed the way consumers access financial products and services.

As we become increasingly dependent on accessing our money and paying our bills  through smartphones and watches, it’s not surprising that global investment in financial technology has reached $5.3 billion in the first quarter of 2016 alone.

Similarly, we have witnessed how financial services have started to pay attention to the effects of fintech startups in their industry with the launch of in-house innovation programs, and increased collaboration with those most likely to reshape the financial landscape.

As the relationship between technology and financial services deepens, so do the threats posed by increasingly sophisticated hackers. No market is directly affected by it more than the financial services. A report by PWC revealed that 45% of financial sector respondents reported to have been affected by cyber crime compared to 34% across other industries. Globally, the cost of cyber crime is estimated to reach $2 trillion by 2019, and today’s news from the EU commission on the new £450 million cyber security  fund takes a large step towards combatting this probem.

At Startupbootcamp we run accelerator programs that develop and scale startups in specific emerging industries. Today we’re thrilled to announce the launch of our latest program: Startupbootcamp Fintech & CyberSecurity. Following the success of our FinTech programs in London, New York, and Singapore, this program will play a vital role in bridging the gap between fintech and cyber security industries.

Startupbootcamp FinTech & CyberSecurity

Open for applications today, the Startupbootcamp Fintech & CyberSecurity program in Amsterdam will accelerate 10 ground-breaking startups working within financial technology services in areas such as blockchain, P2P payments, compliance/KYC as well as cyber security related areas like fraud detection, cloud security, and encryption.

Having run 11 accelerator classes and accelerated more than 100 companies in the Netherlands, Amsterdam is an ideal home for Startupbootcamp FinTech & CyberSecurity program. Not only are two of Startupbootcamp’s co-founders; Patrick de Zeeuw and Ruud Hendriks based there, but the European Digital City Index has ranked Amsterdam No 2 for startups and No 3 for scale-ups across the EU.

The new program will be led by Michael Dooijes – a financial services intrapreneur and innovator with more than 20 years international business experience under his belt. Prior to his role as Startupbootcamp FinTech & CyberSecurity’s Managing Director, Michael was Head of Ventures and Innovation at Rabobank – one of world’s largest banks  – as well as the CEO of mobile payment startup, MyOrder, purchased by Rabobank in 2012.

Along with a highly experienced operations team, the program is supported by both financial industry and cyber security industry-leaders including: RaboBank, PWC, ING, ABN Amro, SNS Bank, NN Group, Delta Lloyd, and Athlon.

Furthermore, the 10 startups selected to join the 3-month program will benefit from direct access to more than 100 mentors who’ll help scale the new breed of fintech and cyber security innovators.

If you are startup developing a solution or product in either fintech or cyber security space, applications for the program opened today  and you have until October 21st 2016 to apply.

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Click to Tweet:  Startupbootcamp launches FinTech & CyberSecurity program in Amsterdam bringing together the two fastest growing tech industries 
Click to Tweet Amsterdam continues to develop as a startup hub with Startupbootcamp launching a new Fintech & Cyber Security accelerator program

Andy Shannon

Andy is the Head of Startupbootcamp Global. His past includes multiple startup operating and investing roles, with plenty of failures along the way. Andy has his MBA from Imperial College London and BBA from the University of Wisconsin – Madison