Seven financial technology entrepreneurs have been selected to participate in 2015 FinTech Innovation Lab London.
The Lab, which was launched in London by Accenture (NYSE:ACN) in 2012, is a collaboration between Accenture and leading financial institutions including Bank of America Merrill Lynch, Barclays, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan Chase, Lloyds Banking Group, Morgan Stanley, RBS, UBS, Intesa Sanpaolo, Nationwide and Santander, supported by the Mayor of London, the City of London Corporation and Innovate UK.
It is designed to nurture early-stage companies from the UK, Europe and elsewhere that are developing new technologies for the financial services sector.
Accenture is hosting the FinTech Innovation Lab London for the third consecutive year, at Level39, a financial technology accelerator space based in Canary Wharf. Lab London is modeled on a similar program that was co-founded by Accenture and the Partnership Fund for New York City in 2010. In 2014, the company also launched the FinTech Innovation Lab Asia-Pacific in Hong Kong and the FinTech Innovation Lab Dublin in Ireland.
The companies taking part in the program are:
Atsora, which provides financial institutions with innovative tools for small business owners. The core product, Momentum, is an integrated online and mobile application used for business planning, monitoring cash-flow and growth forecasting.
Cytora, which uses web-based data to provide real-time geopolitical risk assessments to organizations that operate in volatile, emerging or complex markets. The solution allows users to customize their risk assessment to capture information relevant to their businesses and includes alerts for immediate updates when conditions suddenly change.
Duco, a technology company that allows financial services firms to control and manage complex data. Its web-based reconciliation service, Duco Cube, enables non-technical staff to identify discrepancies in trades, transactions or reference data across different data sets, within minutes.
Pontus Networks, which allows businesses to increase the performance of their computer systems. Its flagship product, PontusVision Threat Manager, enables different types of business software to run more efficiently and faster.
Ripjar, a platform that provides real-time social media monitoring and data analysis. Using proprietary natural language processing, deep learning algorithms and visualizations.
Torusware, which enables businesses to increase the processing speed of their IT systems, whether these systems are hosted on the cloud or implemented on premise.
xWare42, a software developer whose core product, xPay, allows banks to give customers additional information about their purchases.