Seven FinTech Startups Selected for Innovation Lab in London

shutterstock_118290400Seven financial startups have been selected to take part in a startup accelerator project led by the technology and consulting firm Accenture.

For the next 12 weeks, the startups will be housed at a Canary Wharf “accelerator” facility known as Level 39 (more on the amenities at Level 39 below) as part of the FinTech Innovation Lab London.

The seven startups are:

  • BehavioSec, a Swedish biometric security firm
  • Calltrunk, a call recording software company headquartered in London
  • Digital Shadows, a London-based cybersecurity company
  • Growth Intelligence, a market intelligence company also based in London
  • Kiboo, creators of personal financial management software for young people based in New York
  • Open Bank Project, a German company that has released an open-source API for core banking processes
  • Waratek, makers of cloud development tools based in Dublin.

An array of financial services companies are supporting the Innovation Lab, including Bank of America Merrill Lynch, Barclays, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan Chase, Lloyds Banking Group, Morgan Stanley, RBS, and UBS.

ComputerWorld UK writes that the sponsors will provide mentoring for the startups:

The project will provide senior-level mentoring from financial services, venture capital and angel investment firms, through a series of panel discussions, workshops, coaching and networking. At the end of the project, the chosen startups will get the chance to present to the potential investors at an Investor Day.

Accenture has held a similar Innovation Lab in New York in partnership with the New York City Investment Fund. In London, the Innovation Lab is getting “support” from the Mayor of London, the City of London Corporation and the Technology Strategy Board.

Meanwhile, Level 39 appears to be a conducive location for high-tech hard work. Coffee comes out of a tap controlled by an iPad.

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