Accenture’s Fintech Innovation Lab returns to Level39
7th January 2015
For the third year running, Accenture’s Fintech Innovation Lab London is to be hosted at Level39.
The Lab was originally launched in London in 2012, and is a collaboration between Accenture and some of the world’s leading banks & financial institutions.
During the programme, seven ambitious fintech startups get direct senior level access to technology decision makers from the 15 tier-1 banks, enabling them to develop their propositions and help them increase their chances to sell their technology into the industry.
You can check out the finalists companies below:
Atsora provides financial institutions with innovative tools for small business owners. The core product, Momentum, is an integrated online and mobile application used for business planning, monitoring cash-flow and growth forecasting.
Cytora uses web-based data to provide real-time geopolitical risk assessments to organisations that operate in volatile, emerging or complex markets. The solution allows users to customise their risk assessment to capture information relevant to their businesses and includes alerts for immediate updates when conditions suddenly change.
Duco is a technology company that helps financial services firms control and manage complex data. Its web-based reconciliation service, Duco Cube, enables non-technical staff to identify discrepancies in trades, transactions or reference data across different data sets, within minutes.
Pontus Networks helps businesses increase the performance of their computer systems. Its flagship product, PontusVision Threat Manager, enables different types of business software to run more efficiently and nearly three times faster.
Ripjar’s platform provides real-time social media monitoring and data analysis. Using proprietary natural language processing, deep learning algorithms and visualisations, Ripjar’s platform allows organisations to make sense of the growing number of external data sources.
Torusware enables businesses to increase the processing speed of their IT systems, whether these systems are hosted on the cloud or implemented on premise. For instance, trading systems, which need to exchange information in nanoseconds, can experience unpredictable high-load at specific times, such as when exchanges open or close, and Torusware ensures low latency responsive times during these critical periods.
xWare42 is a software developer whose core product, xPay, allows banks to give customers additional information about their purchases. For instance, payment details on a bank statement can be enriched by adding information such as receipts, addresses, opening hours, service numbers and other details about the retailers. This gives customers a more helpful picture of their purchases while allowing banks and partner retailers to offer personalised discounts and encourage further transactions.
Accenture’s Fintech Innovaton Lab 2014 has now been hosted at Level39 for three years running, and we are delighted to welcome the programme back to our Canary Wharf home. Two companies that participated in the 2013 challenge at Level39 are now members of our High Growth Space on 42nd floor: Digital Shadows and Growth Intelligence.
Eric Van der Kleij, Head of Level39, believes Accenture’s return to Level39 marks the start of a big year for fintech,
“It is brilliant that Accenture’s Fintech Innovation Lab London programme has returned to Level39 for the third year running. This prestigious programme is the curtain raiser for what we hope will be another thriving year for financial technology in London and here at Canary Wharf.
“Accenture’s programme enables each of the seven selected companies to work alongside leading experts and mentors to help the financial industry solve important challenges such as the management of complex data and risk assessment in volatile markets. Best of luck to all of the seven finalists.”
Deputy Mayor of London and old friend of Level39, Kit Malthouse, has also leant his support to the challenge,
“Being at the cutting edge of technology innovation is crucial to strengthening London’s position as the leading global financial centre. Programmes such as the FinTech Innovation Lab are an essential part of the fintech infrastructure and play an important role in ensuring we continue to generate jobs and attract leading financial businesses to London.”
Keep your eye on the Level39 twitter feed and @FinTechInnoLab or updates on the Fintech Innovation Lab and more.