Accenture’s FinTech Innovation Lab London 2016 Set with 15 Startups Chosen

Fintech startups chosen to participate in Accenture’s FinTech Innovation Lab London for 2016 were announced today. Altogether, 15 companies were chosen for the twelve week Accelerator Accelerator An accelerator or startup accelerator is defined as fixed-term programs that look to foster investment, connections, sales, and education to kindle growth in a project.Most commonly this effort constitutes a public pitch event, demos, and other forms of marketing. Startup accelerators are most commonly associated with Silicon Valley, a global hub for investing and fintech.Startup accelerators however are a global phenomenon that privately funded as an investment fund. This nature of investing he An accelerator or startup accelerator is defined as fixed-term programs that look to foster investment, connections, sales, and education to kindle growth in a project.Most commonly this effort constitutes a public pitch event, demos, and other forms of marketing. Startup accelerators are most commonly associated with Silicon Valley, a global hub for investing and fintech.Startup accelerators however are a global phenomenon that privately funded as an investment fund. This nature of investing he Read this Term program, and will gain mentoring and industry experience as they develop and scale their fintech products.

Being accepted are AimBrain, Albert, AlgoDynamix, Clausematch, Contego, Crowdaura, Cutover, PassFort, PayKey, Quotip, SBDA Group, Talent Rank, Undo, Voleo, and ZeroDB. Led by Accenture, the program also includes participation from representatives of major financial firms including Bank of America Merrill Lynch, Barclays, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, Intesa Sanpaolo, JPMorgan, Lloyds Banking Group, Morgan Stanley, Nationwide, RBS, Santander, Societe Generale and UBS.

Among the startups, the Innovation Lab chose a wide variety of firm types. Among them are firms that wouldn’t be considered traditional fintech specific startups, but are creating products that can serve the financial industry. They include Undo which is developing solutions to help developers improve software quality and ZeroDB who has developed an end to end encrypted database protocol for securing Cloud Cloud The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc The cloud or cloud computing helps provides data and applications that can be accessed from nearly any location in the world so long as a stable Internet connection exists. Categorized into three cloud services, cloud computing is segmented into Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS). In terms of trading, the versatility of the cloud service allows retail traders the ability to test out new trading strategies, backtest pre-existing conc Read this Term based services. Also included is Cutover who recently participated in the Barclays Accelerator, but whose IT management solution isn’t specific for the financial industry.

Also being represented are startups building solutions for the compliance industry. The largest faction of firms in the Innovation Lab, they represent a growing demand among financial firms for accounting and compliance related solutions due to meeting regulatory changes.

Of these firms, two are involved with the account verification. They include AimBrain which has developed a mobile based biometric authentication platform and Contego that has created a product to offer real time identity checks of personal and business customers.