Seven financial technology entrepreneurs have been chosen to take part in the FinTech Innovation Lab London launched by Accenture, leading banks and venture capital companies last year. The Lab is designed to nurture early stage firms developing new financial services technologies, and is supported by the Mayor of London, Boris Johnson, the City of London Corporation and the Technology Strategy Board.
The seven start-ups include: BehavioSec, Calltrunk, Digital Shadows, Growth Intelligence, Kiboo, Open Bank Project and Waratek. The firms’ innovations include cloud development tools, Big Data security, analysis applications, search engines for voice recordings, behavioural biometric solutions, open source technologies and personal financial management tools.
London’s Deputy Mayor for Business and Enterprise, Kit Malthouse, said: “This project has great potential to bring radical new innovations to our financial services industry and strengthen London’s position as one of the world’s leading financial centres. I wish the best of luck to this year’s FinTech Innovation Lab London’s innovators and entrepreneurs.”
The entrepreneurs will be mentored by leading executives from financial services, venture capital and angel investment firms, and will be offered the opportunity to present their concepts to potential investors.
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