Barclays and Techstars plan to launch their FinTech accelerator in New York this year, following the programme’s success in London.

The new scheme will see ten shortlisted startups participate in 13 weeks of intensive networking, mentoring and development, aimed at supporting breakthrough financial technology innovations. The companies will also have access to a catalogue of Barclays APIs and data to help them build and refine their business models.

The programme starts in July, and culminates in a demo day in October, when the firms will have the opportunity to pitch their business ideas to industry leaders. The ten finalists will be based at new, custom-built premises in Manhattan.

Derek White, Barclays’ chief design and digital officer, explained: “At Barclays we recognise that innovation will not solely be driven from within our organisation, so we are actively embracing the opportunities and expertise of the startup ecosystem.

“Our goal in New York is to help innovators develop new disruptive FinTech technologies, particularly in the investment banking, wealth management and credit cards industries. We’re thrilled that we are able to extend our programme to New York, a hub for global finance, building upon the successes we have already seen in London.”

The first Barclays FinTech accelerator ran in London last year. Applications for the New York programme will be open from 2 March until 1 May.

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