19 February 2018
visit www.nextgenbanking.co.uk/

Intesa Sanpaolo backs Startupbootcamp fintech accelerator

12 August 2014  |  9454 views  |  0 light bulbs

Italy's Intesa Sanpaolo has become the latest big name bank to throw its weight behind the Startupbootcamp fintech accelerator programme.

Investment firm Route 66 Ventures and outsourcing provider arvato Financial Solutions have also jumped aboard, joining existing backers Lloyds, MasterCard, Rabobank and SBT Venture Capital.

The firms will provide Startupbootcamp FinTech participants with pilot customers, industry data, and capital during the three month programme, which kicks off this month.

In total, 10 startups from Europe, Africa and America, covering areas such as credit scores, crypto-currencies, social payments and crowdfunding are taking part.

They get free office space in London's Rainmaking Loft, a 10,000 square foot start-up hub in the iconic St. Katharine Docks, next to Tower Bridge, a EUR15,000 award and mentorship from more than 100 entrepreneurs, investors, and corporate partners.

At the end of the three months, the teams will be invited to present their companies to more than 200 investors, mentors, and partners during a demo day.

Livio Scalvini, head, innovation CIB, Intesa Sanpaolo, says: "In the current scenario of disruptive technologies, collaboration with the best players in the ecosystem is key to innovation, that's why we're proud of this partnership with Startupbootcamp FinTech.

"FinTech start-ups will be major change-makers in the near future and we trust we can both learn from them, and help their growth through advice, mentoring and business development - thanks to our experience in innovation."

Bank interest in startup innovation programmes is picking up speed. Just yesterday, Accenture's third annual Fintech Innovation Lab London opened applications for its 2015 startup challenge with support from new backers Santander and Nationwide Building Society. They, alongside a dozen other major institutions - including Bank of America Merrill Lynch, Barclays, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan Chase, Lloyds Banking Group, Morgan Stanley, RBS, and UBS - will help select the Lab's seven participating entrepreneurs and provide senior-level mentoring throughout the programme.

Tony Prestedge, chief operating officer, Nationwide, comments: "The FinTech Lab is a great way for us to support a culture of innovation and to back a new generation of entrepreneurs from across Europe. Supporting the Innovation Lab is one of the ways we are investing in, and implementing cutting-edge technology to improve customer choice and service."

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

Startupbootcamp names fintech accelerator startup finalists

Startupbootcamp names fintech accelerator startup finalists

21 July 2014  |  11496 views  |  0 comments | 17 tweets | 9 linkedin
Level39 gets Intel Inside

Level39 gets Intel Inside

02 July 2014  |  6980 views  |  1 comments | 5 tweets | 3 linkedin
Barclays unveils fintech accelerator startups

Barclays unveils fintech accelerator startups

11 June 2014  |  14847 views  |  0 comments | 27 tweets | 10 linkedin
MasterCard launches European incubator programme for commerce startups

MasterCard launches European incubator programme for commerce startups

07 May 2014  |  9495 views  |  0 comments | 12 tweets | 13 linkedin
Yodlee partners incubators to catalyse fintech innovation

Yodlee partners incubators to catalyse fintech innovation

25 April 2014  |  7385 views  |  0 comments | 9 tweets | 7 linkedin
Start-up support seen as critical to future of London fintech scene

Start-up support seen as critical to future of London fintech scene

11 April 2014  |  7786 views  |  2 comments | 13 tweets | 5 linkedin
Startupbootcamp invites fintech geeks to London payments hackathon

Startupbootcamp invites fintech geeks to London payments hackathon

11 March 2014  |  8860 views  |  0 comments | 13 tweets | 3 linkedin
Startupbootcamp launches fintech accelerator programme

Startupbootcamp launches fintech accelerator programme

06 February 2014  |  10431 views  |  0 comments | 11 tweets | 10 linkedin
Square co-founder launches St. Louis fintech accelerator

Square co-founder launches St. Louis fintech accelerator

14 August 2013  |  8318 views  |  0 comments | 10 tweets | 3 linkedin
Italian cancer researchers tap into bank computing power

Italian cancer researchers tap into bank computing power

09 May 2013  |  4244 views  |  0 comments | 2 tweets | 2 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit www.vasco.comvisit www.swift.com/your-needs/instant-paymentsvisit www.nextgenbanking.co.uk

Top topics

Most viewed Most shared
Saudi central bank provides sandbox for banks to try out Ripple techSaudi central bank provides sandbox for ba...
11536 views comments | 16 tweets | 12 linkedin
ABN Amro moves escrow accounts to the blockchainABN Amro moves escrow accounts to the bloc...
9096 views comments | 15 tweets | 13 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
8949 views 10 comments | 22 tweets | 26 linkedin
Aussie real-time payments platform goes liveAussie real-time payments platform goes li...
8832 views comments | 15 tweets | 43 linkedin
Coinbase and Visa at loggerheads over erroneous charges on customer crypto accountsCoinbase and Visa at loggerheads over erro...
7518 views comments | 13 tweets | 11 linkedin

Featured job

Competitive
Germany, Austria or Switzerland

Find your next job