Barclays to drive FinTech innovation with new partnership

Barclays is partnering with corporate venture builder Rainmaking to launch several initiatives targeted at FinTech founders.

The aim of the new programmes is to help grow and develop financial technology businesses, from early-stage to scale-up.

The first to be established is the ‘Rise Start-Up Academy’, a virtual digital skills-building accelerator targeted to idea- and early-stage FinTech founders.

A ‘FinTech Venture Studio’ will also go live later in 2022, which will focus on co-developing new FinTech ventures through working with internal talent, start-ups, and other leading companies.

Barclays said that its innovation team will work closely with start-ups to “bring new products and services to market at pace and scale”.

“Innovation is critical in driving growth in today’s challenging business environment and in solving some of the most pressing problems society faces today,” said Mariquit Corcoran, group chief innovation officer, Barclays. “We have been humbled and changed by the incredible FinTechs we have worked with, and we understand first-hand the power of collaboration to evolve and unlock opportunities for our customers, clients, colleagues and the communities in which we operate.

“We are very excited to work with Rainmaking to further push the boundaries of corporate innovation and ensure collaboration is at the heart of our FinTech strategy.”

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