Under its Start Path initiative, Mastercard recently launched a new program to strengthen digital security innovation. The Security Solutions program targets startups creating new technologies in fields such as cybersecurity, fraud mitigation, digital identity, and payment resiliency.
Open to global startups, the program involves an intensive application and vetting process. Five startups, namely OneID, Scamnetic, Spec, VanishID, and Shield-IoT, have already been chosen to participate. Each company is making impressive progress in their respective digital security fields.
Start Path Program Insights
Mastercard’s Start Path program aims to cultivate innovation in the digital security sphere. It equips startups with essential tools and resources to advance their technologies and solutions. The program’s design enables these budding companies to scale effectively and market their solutions efficiently.
For example, OneID is crafting a digital identity technology to boost security and privacy in online transactions. Conversely, Scamnetic is devising a solution to curb online fraud, a prevalent issue for e-commerce platforms and online transactions. Spec, VanishID, and Shield-IoT are also creating innovative solutions in their respective digital security areas.
The Start Path program by Mastercard marks a significant stride towards fostering digital security innovation. It not only nurtures innovation by providing essential support to these startups, but also potentially influences the future of digital transactions.
In addition, this initiative highlights Mastercard’s dedication to enhancing digital transaction security. It acknowledges the pivotal role startups play in offering innovative solutions. Consequently, this initiative is likely to spur further innovation in the field, leading to the creation of more sophisticated digital security solutions.
