Accenture searching for start-ups for sixth London Fintech Innovation Lab
Management consulting company Accenture is inviting start-ups and entrepreneurs to apply for its sixth London Fintech Innovation Lab.
The company is searching for financial technology businesses and entrepreneurs that are developing innovative and disruptive technologies for the financial services sector.
Mentoring
Accenture’s London Fintech Innovation Lab is a three-month programme that provides mentoring to early and growth-stage companies in the financial services sector to help them develop their business, with particular focus on areas such as digital marketing and social media, blockchain technology and talent management.
Several financial institutions have participated in Accenture’s London lab, including Barclays, J.P. Morgan, Lloyds Banking Group, Santander and Goldman Sachs.
Start-ups and entrepreneurs have until 20th October 2017 to apply for the programme, which is set to begin in January 2018. Those who are selected will present their business ideas to financial services executives and investors at an Investor Day, which will be held in March.
The FinTech Innovation Lab London was first launched by Accenture and major banks in 2012. Since then, 56 start-ups have taken part, which has led to more than 50 contracts with global banks being secured and more than 800 jobs being created.
Urgent
Commenting on the new RegTech stream that has been added to this year’s lab, Accenture Financial Services Senior Managing Director and FinTech Innovation Lab London Executive Sponsor Julian Skan said: “Our new dedicated RegTech stream purposefully coincides with an increase in regulation and demand for firms to offer consumers greater access to their data. Looking ahead, with new technologies like blockchain, smart contracts and more mature AI coming into play, the need for effective solutions is becoming increasingly urgent. At the Lab, we’re proud to bring innovators and financial firms together to navigate their businesses in an increasingly complex world.”
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