25 March 2017
Visit EBAday.com

Russian banks co-operate on fintech accelerator

21 February 2017  |  5725 views  |  0 Moscow skyline

Four Russian banks are working in collaboration with MasterCard and Accenture to run a fintech lab and accelerator to engage with local startups and foster a co-operative spirit in the development of new banking products and services.

Ak Bars, VTB 24, Bank Saint Petersburg, and Home Credit Bank will be putting aside their differences to support the launch of Fintech Lab, billed as the first collaborative acceleration programme for fintech in Russia.

MasterCard is to join the programme as a corporate sponsor while Accenture has been brought in to lend its expertise in running similar accelerators in Hong Kong, New York and London.

Representatives of the Central Bank of Russia, Ministry of Communications and major universities have also been called on to join the Fintech Lab board.

Applications for the first cohort of ten startups to pass through the 12-week accelerator will open in March.

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

Sberbank launches machine learning-based assistant

Sberbank launches machine learning-based assistant

09 February 2017  |  8489 views  |  0 comments | 22 tweets | 11 linkedin
Swift takes Startup Challenge to Africa and Russia

Swift takes Startup Challenge to Africa and Russia

31 January 2017  |  6147 views  |  0 comments | 2 tweets | 3 linkedin
Russian banks held up as technology role model for UK financial services firms

Russian banks held up as technology role model for UK financial services firms

02 December 2016  |  5862 views  |  0 comments | 8 tweets | 4 linkedin
Russian banks create blockchain consortium

Russian banks create blockchain consortium

06 July 2016  |  8509 views  |  0 comments | 12 tweets | 7 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit abe-eba.euVisit capgemini.com

Top topics

Most viewed Most shared
French retailer Carrefour launches online bank accountFrench retailer Carrefour launches online...
57146 views comments | 15 tweets | 35 linkedin
European Commission opens public consultation on fintechEuropean Commission opens public consultat...
8673 views comments | 42 tweets | 25 linkedin
Can banks really win in the payments business of the future? – new Finextra reportCan banks really win in the payments busin...
8552 views comments | 23 tweets | 37 linkedin
Westpac wants to take over your messaging keyboardWestpac wants to take over your messaging...
7094 views comments | 4 tweets | 10 linkedin
SecureKey taps IBM to put identity on the blockchainSecureKey taps IBM to put identity on the...
6993 views comments | 22 tweets | 15 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job