Barclays Launches Fintech Innovation Hub Rise New York, Other Rise Hubs to Follow
British multinational banking and financial services company Barclays launchedRise New York, a physical space and virtual global community designed to pioneer the future of financial technology. By the end of 2016, Barclays plans to open other Rise hubs in North America, Europe, Africa and Asia. Barclays' existing open innovation sites in London and....
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At the end of Barclays' 13-week fintech accelerator program, the bank announced that it signed contracts with eight participating companies, two of which are involved in blockchain tech. The Flatiron District in New York has been home to the newly-launched Rise fintech laboratory, following Barclays' initiative in London a few months back. "We've done it in London, invested heavily over the past two years to connect the ecosystem there, and we're doing it now in New York City," said Derek White, Barclays chief design and innovation officer to the New York Business Journal. Rise of....
A new report has found that London is still leading the way as the global hub for the FinTech sector, which saw 2015 investments in the industry amounting to $19 billion. The report from Deloitte and All Street Research [PDF] looked at 21 of the major FinTech hubs around the world. After working through quantitative research and interviews with local FinTech subject matter experts, the research found there were five hubs that had a leading Index Performance Score of 25 or less, suggesting that they are more conducive to the development of FinTech. These were London, Singapore, New York,....
Eleven companies showcased their innovative fintech propositions at the Barclays Accelerator demo day in New York. Eight of these companies have already signed contracts with the bank. The demo day followed 13 weeks of intensive networking, mentoring and development. The Barclays Accelerator program, offered in partnership with the Techstars global networks, includes mentorship and opportunities for financial technology startups to access industry experts, influencers and potential clients. The program covers all areas of fintech, from cybersecurity and artificial intelligence to wealth....
Israel may soon become one of the important fintech hubs in the world, thanks to the collaboration between the Floor and Intel. Intel Corporation (NASDAQ: INTC), the semiconductor giant has joined hands with The Floor, a fintech hub located at the Tel Aviv Stock Exchange to start its own fintech innovation hub in Israel. According to an announcement made by the company on Sunday, the fintech innovation hub will be Intel’s foray into the fintech solutions sector, following the increasing demand for bitcoin and blockchain based solutions by banking and financial organizations. Tel Aviv,....
UK banking giant Barclays signed contracts with eight graduates of its New York-based FinTech accelerator program today, two of which will partner with the company on applications using blockchain technology. Co-hosted by TechStars, the 11 startups graduating the 13-week program included bitcoin compliance firm Chainalysis and accounting startup Wave, which will embark on the initiatives. Speaking to New York Business Journal, Barclays chief design and innovation officer Derek White called the deals with Chainalysis and Wave a "game-changer" for the bank. Barclays indicated it would....