Accenture searching for fintech startups for innovation lab

Accenture is accepting applications from financial technology startups for its London-based FinTech Innovation Lab.

Launched in 2012, Accenture’s lab offers 20 startups the chance to participate in a 12-week programme that will enable them to develop their business through mentoring from experts.

Increase

This year, the lab will be inviting applications from UK “insurtech” startups following an increase in investment in the insurance and technology sector.

Startups will have the chance to receive support and mentoring from a number of major banks, including Lloyds, HSBC and Nationwide.

According to Accenture, global insurance companies will also be taking part in the programme. These companies are set to be revealed next year.

Attractive

Commenting on London’s fintech sector, HM Treasury Special Envoy for FinTech, Eileen Burbidge, said: “Fintech continues to be a highly attractive sector for investors,” adding: “It’s vital that the UK continues to grow the fintech economy by creating conditions where startups and financial services can work together in an ecosystem that boosts the global economy.”

Burbidge also stated that Accenture’s lab and other initiatives in the industry show that the UK remains the home of innovation and that the country is very welcoming for business.

“The growing sector will undoubtedly unlock a wealth of opportunities for both financial institutions and entrepreneurs alike,” she said.

Applications for Accenture’s programme are now open and will close on 9th October.