Accenture announced today it is launching the FinTech Innovation Lab London to help accelerate the development of cutting-edge technology for commercial application in the financial services industry.
The project, which is being run in partnership with several banks and venture capital firms, will identify technology entrepreneurs through a competitive process and then give them the opportunity to develop, test and fine-tune their innovations under the guidance and mentorship of top executives from leading financial institutions and members of the London investment community. The Lab is modeled on a similar program in New York.
Financial institutions taking part in the project include Bank of America Merrill Lynch, Barclays, Business Growth Fund, Credit Suisse, Deutsche Bank, Euclid Opportunities, Goldman Sachs, HSBC, JPMorgan Chase, Morgan Stanley, RBS, UBS and others.
The FinTech Innovation Lab London is open to early- and growth-stage companies that are developing cutting-edge technologies for the financial services sector – particularly in the areas of mobile, data management, analytics, security, and social media. Applicants are invited to apply to participate in the Lab through November 1 at www.fintechinnovationlablondon.co.uk.