NCC Group, Ashurst FinTech Legal Labs’ data and privacy plans
By Robin Amlot
Global cyber security and risk mitigation expert, NCC Group, has partnered with Ashurst FinTech Legal Labs, the business accelerator programme offered by global law firm Ashurst, to strengthen cyber resilience across FinTech businesses by collaborating on legal, innovation and cyber security initiatives.
NCC Group will coordinate a data and privacy stream at Ashurst’s FinTech Legal Labs, an accelerator programme designed specifically for FinTechs that provides targeted legal support, access to potential investors and specialist advice from relevant subject matter experts. NCC Group will also share its specialist cybersecurity knowledge with Ashurst by identifying, feeding back on and inputting into prospective start-up and scale-up businesses operating in technology and financial services.
In return, NCC Group will have access to the FinTech Legal Labs ecosystem of institutions and FinTech businesses. Both parties will work together to influence a wider set of stakeholders to address cybersecurity in the financial services sector, ensuring that FinTech start-ups and scale-ups are incorporating security by design from the very beginning.
Sara de la Torre, Head of Financial Services and Insurance at NCC Group, said: “This partnership is a step forward in our commitment to making the global financial services sector safer and more secure. FinTechs maintain and exchange a wealth of valuable data including PII, credit card and banking information, making them a target for threat actors and attracting attention from regulators. Through our partnership with Ashurst FinTech Legal Labs, we look forward to helping FinTechs to scale up with confidence around cyber risk and legal issues, enabling the sector to thrive.”
Abradat Kamalpour, Partner and Architect of FinTech Legal Labs at Ashurst, said: “We are excited to partner with NCC Group in an effort to deliver value to our FinTech Legal Labs cohorts. Cyber resilience and compliance with data and privacy regulations are vital for FinTechs’ business continuity, and NCC Group’s global expertise will be invaluable in helping them to consider and prepare for these important challenges.”