24 July 2016
Find out more

Canary Wharf Group to open fintech accelerator space

01 October 2012  |  6423 views  |  0 Canary Wharf Clock

Canary Wharf Group has outlined plans to open an "accelerator space", called Level39, for financial technology businesses.

Opening early next year, it will occupy the entire 29,000 square foot 39th floor of One Canada Square, providing a "sophisticated office and social space" for small businesses to create, test, market and deliver financial technology products and services.

Surrounded by financial services giants, the site will aim to bring transparency, competitiveness and client services to the industry, acting as a focal point for Europe's fintech innovators, complementing other clusters in the City Fringe, West End and South Bank.

Mayor of London, Boris Johnson, says: "Attracting the brightest entrepreneurial minds is crucial if London is to maintain its position as the world's foremost financial centre. Level39 is sure to foster talent and help the capital's technology and financial sectors flourish, in turn driving jobs and growth."

The space will have a set of 'sandboxes' which will enable accelerator programmes, software engineers and builders of financial services platforms to refine, test and showcase their products. Meanwhile, a 'Unique Technology Tunnel', capable of showing live data and incorporating interactive technology, will lead to the 200 seat event space.

Charles Claisse, head, corporate at law firm Kemp Little, says: "Financial institutions are increasingly reliant upon technologies to satisfy these requirements and their business needs - it makes sense for them to engage with businesses developing this technology and, in some cases, for them to invest."

The initiative will be led by Eric Van Der Kleij, who adds: "This will be a place for industry experts to come together, share knowledge and develop up-and-coming talent with a view to bringing new products and services to the market."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Fintech start-ups urged to pitch for London innovation programme

Fintech start-ups urged to pitch for London innovation programme

24 September 2012  |  7764 views  |  0 comments
JPMorgan ditches Square Mile for Canary Wharf

JPMorgan ditches Square Mile for Canary Wharf

01 August 2008  |  7755 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Find out moreVisit www.abe-eba.euVisit capgemini.com

Top topics

Most viewed Most shared
MasterCard agrees £700m VocaLink acquisitionMasterCard agrees £700m VocaLink acqu...
8069 views 14 comments | 32 tweets | 36 linkedin
hands typing furiouslyWhat Every FinTech CEO Should Know About R...
7843 views 0 | 14 tweets | 8 linkedin
hands typing furiouslyBanking on IoT: Security in the Internet o...
7763 views 3 | 19 tweets | 7 linkedin
Santander doubles down on fintech fundSantander doubles down on fintech fund
7583 views comments | 22 tweets | 28 linkedin
Brexit-scarred London fintech startups enquire about moving to BerlinBrexit-scarred London fintech startups enq...
7491 views comments | 16 tweets | 16 linkedin

Featured job


Brussels (Belgium) or Paris (France)

Find your next job