Inside Accenture’s London FinTech Innovation Lab 2019

On 17 January 2019, Neotas were proud to be selected as a finalist to join the Accenture FinTech Innovation Lab of 2019.

“We are delighted to have been selected to join the 2019 cohort. Around 280 global FinTech startups were whittled down by Accenture to the chosen 20 finalists and the Lab has previously been home to some very well-known startups – Bud and Digital Fineprint to name a couple. The Lab will provide Neotas with great mentorship, access and opportunity to fuel our growth.” Jessica Hart, Marketing Manager

Meet Accenture’s 2019 cohort ready to shape tomorrow’s technology.

Globally, Accenture’s FinTech Innovation lab has achieved some impressive results, incubating 184 startups, and raising $1,464m since it’s 2012 inception. The Lab connects ambitious Fintechs with the industry’s most senior banking and insurance executives, driving both scalability, and innovation.

Now in its 7th year, the London chapter of the annual accelerator is supported by 35 FS companies in addition to an active community of mentors, investors and alumni. Run over 12 weeks, the lab is an example of how Accenture is helping the European FS industry change through facilitating collaboration, idea generation, and strengthening London’s positioning as a leading fintech hub.

This year, the London lab will focus on tools designed to support European insurance firms and financial institutions, mainly with data analysis and customer support. Julian Skan, senior managing director for Banking & Capital Markets at Accenture Strategy and executive sponsor for London’s Lab, explains: “We can see fintechs are starting to bite at banking revenues, but banks and insurers are also capitalising on the opportunity to work with emerging technologies and new talent to compete. We’re looking forward to exploring how startups are using the changes to evolve the financial industry for the better.”

On 17 January, Accenture unveiled 20 finalist startups which run the gamut of sectors from investment banking, to preventing financial crime, and from customer service to healthy lifestyle-tracking.

The key mission for Accenture is that startups gain the commercial introductions and support needed for exponential growth. Over the course of the next three months, they will be given corporate coaching from enterprise executives and fast-tracked access to Accenture’s large network in order to drive sales revenue and kick-start collaboration.

London’s 2019 Partners are: AXA XL, AXIS Capital, BAML, BlackRock, CIBC, Citi, Credit Suisse, Direct Line, Goldman Sachs, Hiscox, HSBC, ING, Intesa Sanpaolo, Irish Life, JPMC, Lloyds Banking Group, LV=, Marsh, Morgan Stanley, Nationwide, Nordea, OP, Rabobank, RBS/NatWest, Royal London, Santander, Scottish Widows (LBG), Société Générale, State Street, TP ICAP, UBI, UBS, Wells Fargo, Willis and Zurich. Can we expect to see some of the following tech startups supporting them in the near future?


Learn more on their website & follow their journey on Twitter.

Article extract >> original article by Disruption Banking here