Following 15 weeks of development, mentoring and networking, eight of the 11 companies to take part in the Barclays accelerator programme have secured more formal engagements with the bank.

The 11 companies revealed their propositions today at the newly opened Rise London in Shoreditch, in front of an audience of 250 industry leaders, venture capitalists, senior executives and corporate partners. Some of the companies are:

Simudyne – who are working with the Barclays risk teams to help the bank simulate and distribute complex use cases to help with risk decisions.

Barac – Barac are working with Barclays UK and Barclays International to help predict when fraudulent activity and outages will occur.

Flux – Developing a pilot with more than 10,000 Barclays customers to receive receipts through the mobile banking app, showing exactly what has been bought to improve the transactional experience.

Alyne – Working with Barclays control functions to understand how the bank can leverage its control data to enhance standards and policies and react to regulations more effectively.

Michael Harte, group head of innovation at Barclays, commented: “Financial Services is experiencing a period of major technological disruption. Rise, and specifically our Accelerator, has created a platform for experimentation, with new generation businesses and entrepreneurs, to build new products, services and platforms.

“We are committed to this customer-focused approach, so our businesses are able to innovate at scale. By partnering with FinTech startups, and companies like Techstars through Rise, we have been able to deliver increased value to our customers and clients by developing products and services that best meet their changing needs.”

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