Consumer, corporate and investment bank Barclays has opened its flagship open innovation site, Rise London, in Shoreditch.
Rise aims to combine a curated community of FinTech startups from across the world, corporate clients and other experts, to work on Barclays’ customer and business opportunities and to shape innovative financial services.
At Rise, Barclays co-creates new products, services and platforms along with startups and corporates, investors and industry experts across seven sites internationally in New York, Manchester, Mumbai, Cape Town, Vilnius, London and Tel Aviv.
In each location, the banking group operates multiple programs for open innovation, including the Barclays Accelerator, powered by Techstars, which aim to facilitate engagement between Barclays and the Rise FinTech community, driving the development of new models, long-term financial solutions, and the creation of relationships.
Rise London will host more than 40 FinTech companies, along with Banking and Technology teams from Barclays, and will serve as a gathering place for leaders in the FinTech and venture capital communities. It will also host more than 200 hours of learning, workshops, hackathons and networking on a monthly basis.