20 July 2018
Visit www.gemalto.com

Russian banks co-operate on fintech accelerator

21 February 2017  |  7498 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  |  11100 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  |  7073 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  |  8186 views  |  0 comments | 8 tweets | 4 linkedin
Russian banks create blockchain consortium

Russian banks create blockchain consortium

06 July 2016  |  10767 views  |  0 comments | 12 tweets | 7 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit info.nice.comVisit https://secure.vasco.comVisit http://go.jumio.com/finextraAd

Top topics

Most viewed Most shared
Calmejane quits Lloyds Bank to join SocGenCalmejane quits Lloyds Bank to join SocGen
12234 views comments | 5 tweets | 7 linkedin
Metro Bank opens developer portalMetro Bank opens developer portal
10105 views comments | 5 tweets | 14 linkedin
Anything Visa can do...Mastercard takes time outAnything Visa can do...Mastercard takes ti...
9822 views comments | 6 tweets | 15 linkedin
Hong Kong plans September go-live for blockchain-based trade financeHong Kong plans September go-live for bloc...
9590 views comments | 9 tweets | 17 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
9379 views 19 comments | 14 tweets | 30 linkedin

Featured job

to GBP £120K base, double ote, benefits
Frankfurt, Germany

Find your next job