We’re delighted to be hosting the Accenture FinTech Innovation Lab London yet again to accelerate the development of products and strategies in the fintech sector.
The 12-week programme, now in its fourth year, connects 15 fintech entrepreneurs to senior-bank executives helping fine-tune their businesses and get them ready for presenting at a final Investor Day in front of VCs and senior banking executives.
The FinTech Innovation Lab activated Level39 in 2013, bringing companies such as Digital Shadows and Growth Intelligence to our accelerator, who have gone on to raise millions between them, growing their businesses from just a handful of desks to large offices on our High Growth Spaces.
The Lab has helped us launch each of our floors, bringing in innovative companies, as it has moved with the Innovation Quarter, across Level39, High Growth Space: 24 and 42.
The programme has counterparts in New York and Hong Kong – however the London programme has shown considerable strength – the 21 companies passing through have signed more than 50 contracts to do business with banks and have on average increased their revenues by 170%.
Working with global banks, the Innovation Lab has partnered with 16 leading financial institutions including Bank of America Merrill Lynch, Barclays, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, Intesa Sanpaolo, JPMorgan Chase, Lloyds Banking Group, Morgan Stanley, Nationwide, RBS, Santander, Societe Generale and UBS
Those taking part in the London Lab are: biometric authentication firm AimBrain, mobile bookkeeping app Albert, risk analytics outfit AlgoDynamix, document management company Clausematch, ID checker Contego, blockchain startup Crowdaura, enterprise events co-ordinator Cutover, compliance management firm PassFort, social networking payments keyboard PayKey, wealth management advisory Quotip, AI-based CRM platform SBDA Group, recruitment and screening group Talent Rank, coding platform Undo, investment clubber Voleo, and cloud security firm ZeroDB.
Several participants are existing Level39 members, including Talent Rank, Cutover and Clausematch. Businesses such as AlgoDynamix and PassFort have joined Level39 following the success of the Dassault Systemes 3D FinTech Challenge.