25 September 2017
visit www.ncr.com

Seven startups make the cut for third FinTech Innovation Lab

07 January 2015  |  10458 views  |  0 Canary wharf buildings

Seven financial technology startups have won the chance to present their ideas to a panel of banks and investment firms at Accenture's London FinTech Innovation Lab, in what many market-watchers are expecting to be a break-out year for innovation in financial services.

Accenture is hosting the FinTech Innovation Lab London for the third consecutive year, at the Canary Wharf-based accelerator space Level39.

The seven startups will be mentored for 12 weeks by executives from financial services, venture capital and angel investment firms through a series of panel discussions, workshops, leadership coaching and networking opportunities.

At the end of the programme, the entrepreneurs will be given an opportunity to present their concepts to potential investors and participating industry executives at an Investor Day, hosted at Royal Bank of Scotland’s offices on 26 March, 2015.

Simon McNamara, chief administrative officer, Royal Bank of Scotland, says: “Advances in technology and shifts in customer expectations bring both disruption and opportunity, and we need to recognise that banking is now a digital business. Our work with fintech startups can help us to respond to this challenge and help them achieve their business goals.”

The companies taking part are: Atsora, Cytora, Duco, PontusVision, Ripjar, Torusware and xWare42. Their innovations include a social media monitoring and analysis platform, cloud-based data management systems and technology to improve the performance of latency-sensitive applications.

Richard Lumb, group chief executive, financial services, at Accenture, says that the first 14 companies to have passed through the programme since its inception have so far raised more than $25 million in new investment and signed nearly 50 contracts to do business with banks.

“Commercialising innovations is often the toughest challenge for entrepreneurs and that’s why it is so valuable to bring these early-stage companies together with their potential customers," he says. "The Innovation Lab programme also gives banks new exposure to the technologies they need to stay ahead."

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

Accenture brings Fintech Innovation Lab to Dublin

Accenture brings Fintech Innovation Lab to Dublin

09 October 2014  |  12092 views  |  0 comments | 15 tweets | 12 linkedin
Fintech Innovation Lab lands in Hong Kong

Fintech Innovation Lab lands in Hong Kong

12 June 2014  |  13185 views  |  0 comments | 14 tweets | 2 linkedin
Applications open for FinTech Innovation Lab London

Applications open for FinTech Innovation Lab London

05 August 2013  |  5892 views  |  0 comments | 7 tweets
Fintech start-ups get chance to wow Wall Street

Fintech start-ups get chance to wow Wall Street

12 July 2013  |  10534 views  |  0 comments | 4 tweets | 7 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.temenos.comdownload the paper nowvisit www.vasco.com

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
13680 views comments | 29 tweets | 44 linkedin
AXA launches blockchain to cover late flight compensationAXA launches blockchain to cover late flig...
10433 views comments | 14 tweets | 30 linkedin
Apple P2P payments service nears launchApple P2P payments service nears launch
8693 views comments | 19 tweets | 27 linkedin
SBI Ripple Asia advances on South KoreaSBI Ripple Asia advances on South Korea
8644 views comments | 16 tweets | 1 linkedin
ISO 20022: The common language of choiceISO 20022: The common language of choice
8420 views comments | 1 tweets | 2 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job