Blockchain Fintech Start-up

15/04/2020

The situation

This client is a fintech start-up that brings blockchain technology and Swiss banking together. In order to get through the challenging phase of getting FINMA approval for their banking license, they needed support in defining and implementing their IT security policies, standards.

The tasks

We provided a CISO (Chief Information Security Officer) on a part-time basis. Using a hybrid combination of practices from other banks and specially crafted measures for dealing with blockchain technologies, we created security standards, a controls catalogue and established operational processes around IT security. This instilled confidence in the regulators and helped to achieve the banking license.