Accenture opens entries for 2016 FinTech Lab
Written by Michelle Stevens
The fourth annual FinTech Innovation Lab London, hosted by Accenture and supported by the UK banking industry, is now open for applications.
The accelerator scheme is looking for FinTech entrepreneurs from across Europe who are developing disruptive new products, services and technologies for the FS sector.
Launched by Accenture in 2012, the 12-week mentoring programme helps FinTech startups accelerate their product development and gain exposure to leading financial industry figures. This year Societe Generale will become the 16th bank to support the Lab, alongside the likes of HSBC, RBS, Lloyds and Santander.
When the programme kicks off in January 2016, the 15 shortlisted finalists will be partnered with senior-level banking executives who will help them fine-tune and develop their technologies and business strategies. Six of the startups will then be selected to go to present at an Investor Day in March, in front of venture capitalists and other figureheads in the sector.
Julian Skan, Accenture managing director overseeing the FinTech Innovation Lab London, explained: “There are many talented entrepreneurs who are creating products and services that have the potential to disrupt the industry, and game-changing technologies that can help financial institutions enhance their operations. By bringing them together with senior decision makers from the world’s leading financial services firms, the Lab can both act as a catalyst to new innovation and help financial institutions to adapt and push forward the transformation of the industry.”
The London Lab is modelled on a similar programme that was co-founded in 2010 by Accenture and the Partnership Fund for New York City. Accenture also launched two other Labs in 2014, the FinTech Innovation Lab Asia-Pacific in Hong Kong, and the FinTech Innovation Lab Dublin in Ireland.