Chainalysis and Wave Showcase Blockchain Fintech Products at New York Barclays Accelerator, Sign Deal with Barclays
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....
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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....
Blockchain-based supply chain startup Wave graduated from the TechStars FinTech accelerator this week, in the process becoming the third firm to ink a deal with UK bank Barclays, which provides non-monetary support to the startup program. Though the deal may not be as impactful to the industry at large as Barclays's attempt to lift its banking blockade on bitcoin businesses with the help of Chainalysis, the bank's interest in Wave signals that enterprise banks may be interested in the application of the blockchain to trade finance. Formerly called OGYDocs, Wave's product will be leveraged....
Barclays, the UK banking company, teamed up with an Israeli startup to carry out the bank’s first Blockchain-based trade transaction. This allowed Barclays to send a transaction within minutes, both cost effectively and securely, rather than using the traditional transaction process which normally takes hours or days. According to Barclays, the transaction was approximately $100,000 worth of dairy products from an Irish food company, Ornua to the Seychelles Trading Company. Baihas Baghdadi, Barclays' Global Head of Trade and Working Capital, states: "We've proved the reality of this....
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....
Of the 10 firms to take part in Barclays' 13-week fintech accelerator program in London, seven are now "exploring opportunities" with the bank, Finextra reports. 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, which will soon open also in New York, covers all areas of fintech, from cybersecurity and artificial intelligence to wealth management, investment banking, big data and cryptocurrencies. "At....