20/02/2017

Privitar one of ‘Top 10 fintech firms to watch’

Financial News highlights start-ups on course to revolutionise parts of the banking business. They spoke to dozens of venture capitalists, fintech leaders, bankers, lawyers and other advisers, asking which firms had caught their attention. Privitar are delighted to be named on the list of those companies, that are changing financial services.

The final selection includes firms that reflect the shifting regulatory landscape, with around half focused on areas where new rules are offering opportunities for new entrants. The watch list is recognised as having the seal of approval from some of the best investors, with founders that understand the complex nature of banks.

Financial News highlights the growing importance of data security for financial services companies and executives.

About Privitar they said:

“Data security is on the minds of many executives these days – especially given European regulation is looming in 2018 that means businesses will be charged hefty fines when they lose data. Privitar, which was founded by a former global business manager at Thomson Reuters, has created software that helps financial services companies to anonymise and desensitise data. The company was one of the first firms selected to join the Bank of England’s fintech accelerator last year. In August it raised an additional £3 million from venture capital firm Illuminate Financial Management and also secured follow-on investment from existing investors 24Haymarket and IQ Capital.”

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