Bermuda start-up Trunomi named in FinTech50
Bermuda financial technology start-up Trunomi last night received a prestigious international accolade at a ceremony in London.
The company, headed by founder and chief executive officer Stuart Lacey, was selected from around 800 applicants as one of the FinTech50 2015 — described by organisers as “the 50 game-changers transforming the future of finance”.
Trunomi has developed an online personal identity protection tool for use in the financial services industry.
“It’s all good,” Mr Lacey told The Royal Gazette last night. “It’s wonderful to be recognised by industry peers for our innovations and really rewarding personally to share this win with my amazing team.”
Last night’s invitation-only awards ceremony in the City financial district was attended by senior bank executives, venture capitalists and technology leaders.
The judging panel comprised a group of 25 established financial technology specialists. There are no awards and no outright winner. The 50 companies the panel selects are the ones they believe will be “the ones to watch in 2015”.
“Fintech”, or financial technology, is a sector undergoing strong growth. According to CB Insights, fintech deals totalled more than $12 billion in 2014.
One aspect of Trunomi’s patent-protected technology is that it allows people to store digital sets of personal identification documents, such as passports and utility bills, in a way that allows it to be easily shared with financial institutions when necessary.
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