Danish security technology wins international fintech award
Aarhus-based blockchain spinout Partisia has been named the Danish winner of Mastercard’s renowned partnership program for fintech startups Lighthouse FINITIV. With its groundbreaking encryption technology that enables secure and confidential data processing between banks, the company won the award ahead of four other Danish finalists in this year’s spring round.
“The financial technology industry is currently undergoing a fundamental shift and the fintech companies selected for the program are at the forefront of that evolution. I’m excited to see their innovation and solutions,” says Mats Taraldsson, Head of Fintech and Impact Tech Engagement at Mastercard Northern Europe.
Partisia was highlighted for its Multiparty Computation (MPC) technology, which allows sensitive data to be analyzed without compromising data security.
“They challenge the boundaries of traditional banking and payment infrastructure and meet the changing needs and expectations of consumers, businesses and governments,” says Mats Taraldsson.
In addition to Partisia, there was also Danish participation in Lighthouse MASSIV, Mastercard’s parallel impact program, which aims to identify and scale tomorrow’s socially beneficial technologies.
As part of a stronger commitment to digital security and privacy, Partisia has entered into a strategic partnership with TrustStamp. Together they will develop a robust and accessible biometric identity verification solution that can be used across digital platforms.
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TrustStamp Denmark, a developer of identity solutions with high security and privacy protection, was selected as one of three finalists. Their technology will give vulnerable groups access to essential services without revealing sensitive personal information.
Honors for the Nordics
The overall winner of the FINITIV program was Axiology, a Baltic startup working with tokenized securities and market infrastructure. The company was highlighted for its strong partnership capabilities and its potential to revolutionize the securities market.
Tap2Pay received the Investor Award for greatest momentum in the program’s investor community, while digital legal services provider Justify received the People’s Choice award.
In the MASSIV program, Swedish Deedster was named winner for their tools to measure and reduce carbon footprint in the financial sector, while Norwegian Empower.Eco received the Impact Potential Award for their blockchain-based solutions for waste traceability and circular economy.
The Mastercard Lighthouse programs run over three months and offer participating startups access to a strong network of banks, technology partners, investors and advisors. The goal is to create real partnerships and accelerate the development of innovative technologies in the fintech and impact sector. FINITIV targets fintech startups, while MASSIV focuses on companies with potential for high societal impact.
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