WCKD RZR to explore custom data solution for UK’s financial services sector, in collaboration with The City of London Corporation and City Police
Published 25 July 2023
WCKD RZR, a prominent data enablement firm, has been chosen to participate in this year’s Cyber Innovation Challenge being hosted by the City of London Corporation and City of London Police. Working across a six-week sprint, participating technology companies will collaborate with financial services to explore how technology can capture live threat intelligence from financial services and securely transfer this to law enforcement to improve oversight of threats facing the industry and how technology can also be used to provide a mechanism to share an anonymised update back to the wider financial sector to provide an enhanced insight into the threat level facing the industry. As part of this WCKD RZR will leverage its DATA NOW product to demonstrate a frictionless solution for law enforcement and financial institutions to mutually distribute real-time threat intelligence and anonymised security insights.
The Cyber Innovation Challenge provides a unique platform for collaboration between London’s financial services (banking, payments, insurance) and technology companies. This year’s sector participants include Checkout.com, Clear.Bank, Legal & General, and Mastercard. WCKD RZR is joined in the challenge by KYCHub, Leo CybSec, Pervade Software, Seedata.IO, Trust Stamp and Vaultree. The technology companies will be working in parallel over the six-week sprint and will present their findings and enhanced tech solutions at closing presentations in early August. The challenge is supported by Partners, Department for Business and Trade, UK Finance, Microsoft and London and Partners.
“We’re honoured and excited to be involved with this year’s Cyber Innovation Challenge, alongside such high-quality companies." said Jon Farina, CTO of WCKD RZR. "It’s our mission to unlock the potential of the world’s data; and we truly believe DATA NOW can be a powerful step forward in collaboration, security and governance in the City of London.”
WCKD RZR released its revolutionary product “DATA NOW” at MWC 2023 earlier this year. Dubbed “the universal ‘master key’ for data discovery”, it enables enterprises to instantaneously automate the process of data discovery, retrieval, and governance. Organisations can get instant access and automated dynamic controls over all their live data, in any environment and location, through a simple search. DATA NOW integrates seamlessly into the enterprises existing architecture, without the need to move or copy any data.
London-based WCKD RZR is one of just 6 startups to secure a highly sought-after place on Cyber Runway Ignite, the most prestigious element of the largest UK government-backed cyber startup accelerator. The business was also one of just 50 startups selected globally for the inaugural Amazon Web Services (AWS) FinTech Accelerator programme.
About Us: WCKD RZR is a Data Enablement software company committed to transforming how enterprises access and govern their data. Its innovative solution, DATA NOW, provides instant, searchable access across any real-time estate, removing the need for organisations to undertake costly global data migration and transformation projects.