Accenture has announced the applicants who have reached the final stage of FinTech Innovation Lab London. The Lab is a collaboration between Accenture and financial institutions in London, supported by the Mayor of London, the City of London Corporation and the Technology Strategy Board.

It is designed to nurture early-stage companies from the UK, Europe and elsewhere that are developing new technologies for the financial services sector. The chosen entrepreneurs will be mentored for 12 weeks by executives from financial services, venture capital and angel investment firms through a series of panel discussions, workshops, leadership coaching and networking opportunities. At the end of the programme, they are given an opportunity to present their concepts to potential investors and participating industry executives. Supporting financial institutions include Bank of America Merrill Lynch, Barclays, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan Chase, Lloyds Banking Group, Morgan Stanley, RBS, UBS and VocaLink, the UK and international payments systems provider. Other participating organisations include Euclid Opportunities, the Greater London Authority and UK Business Angels Association.

The 2014 FinTech Innovation Lab London participants:

· Erudine provides systems to the finance industry that look at operational processes and behaviours and suggests improvements in line with regulation and compliance. The system uses a case-based reasoning approach to build and maintain systems that manage complex changing regulations. Changes to the rule sets and classification of underlying data structures can be made with minimal downtime.
· FinGenius (a London Brand Management Company) uses Artificial Intelligence and real-time Big Data analysis to make it easier for non-technical users to find information through the use of natural language processing.
· Logical Glue is a new approach to predicting business outcomes in real-time using a platform that has been built from the ground up, incorporating patented, next generation predictive analytics. Designed for ease of use and deployment, the models also provide insights at the same time as predictions
· PhotoPay simplifies payments by allowing you to take a photo of a bill, scan a payment slip or open a PDF file with your mobile banking app and make a payment with one tap.
· PixelPin provides a personalised user-friendly single sign on using pictures instead of passwords. PixelPin’s technology reduces fraud, increases activity, and reduces the risk and cost of forgotten passwords.
· Squirro specialises in Context Intelligence, combining structured and unstructured data to provide the ‘Why’ behind the data. The “Why” turns disparate data points into a coherent story for better, more effective decision-making.
· uTrade Solutions provides Open Source trading technologies creating a more efficient, innovative and collaborative ecosystem for financial markets.

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