Barclays bets on blockchain and startups to re-invent finance

Barclays bets on blockchain and startups to re-invent finance

Barclays' fintech accelerator programme is beginning to bear fruit, with the bank forging working relationships with several startup alumni involved in areas such as cybersecurity and the blockchain.

Of the 10 firms to take part in Barclays' 13 week programme in London - which finished with a demo day this week - seven are now "exploring opportunities" with the bank.

Safello has signed a proof of concept to explore how blockchain technologies could be harnessed in the financial sector; Post Quantum has inked a contract to implement its cyber security tech at the bank; and Stockfuse is in advanced talks to launch a Global Market Insight Game later this year, which would form part of the bank’s graduate recruitment campaign.

Derek White, chief design and digital officer, Barclays, says: "At Barclays, we’re embracing the digital revolution, exploring innovations early on so that we can help to shape their development and co-create the future of financial services with these startups."

With partner Techstars committed, Barclays says that it will continue to run more Accelerator programmes, beginning with a New York-based one that kicks off in July.

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