Core Insights - Trust Stamp has reached a milestone of 100 financial service customers and is now focusing on expanding its privacy-enhancing technologies into the WealthTech sector [1][2] - The company has joined the Founders Arena, a startup accelerator aimed at supporting growth in the WealthTech industry [1][3] Company Developments - Trust Stamp's President, Andrew Gowasack, highlighted the increasing demand for security and privacy solutions among wealth management providers, who face similar fraud challenges as banking and insurance sectors [2] - The company aims to leverage its partnership with the Founders Arena to accelerate its growth in the WealthTech space, benefiting from the accelerator's industry experience and corporate support [3] Industry Context - Wealth management firms are becoming prime targets for cybercriminals, with significant financial losses reported due to sophisticated fraud tactics [2] - In 2024, cyber threats and fraud scams resulted in over $16.6 billion in losses, marking a 33% increase from the previous year, indicating a growing need for enhanced security measures in the financial services sector [2]