Barclays is working with 7 out of 10 businesses on its latest Accelerator programme 22 Jun 2015 12:00 After thirteen weeks of intensive networking, mentoring and development, ten businesses have this morning showcased their innovative fintech propositions at a Demo Day in London, as the second cohort of the Barclays Accelerator concludes. The Barclays Accelerator, powered by Techstars, is a startup programme designed to support new businesses to deliver their breakthrough innovations in fintech. An audience of more than 400 industry leaders, serial entrepreneurs, senior executives and corporate partners heard from the ten companies to understand how their propositions could help their businesses and ultimately help shape the future of financial services. At this morning’s event, the startups highlighted the progress they have made since the start of the Accelerator programme, some developing their technologies from inception and strategy through to product development in just three months. Seven out of the ten companies also announced that they are currently exploring opportunities with Barclays. For example: Safello – they have signed a proof of concept (PoC) with Barclays to explore how blockchain technologies could be harnessed in the financial services sector. This is the first PoC of its kind that a UK high street bank has announced with a bitcoin company. Post Quantum – they have signed a contract with Barclays to implement their innovative cyber security solutions to help further build Barclays’ resilience to cyber threats in the future. Stockfuse – they are in advanced talks with Barclays to launch a Global Market Insight Game later this year, which would form part of the bank’s global graduate recruitment campaign. Commenting on the conclusion of the programme, Derek White, Barclays Chief Design and Digital Officer, said: “Today is about celebrating the successes, partnership and an exciting future with some of the leading start-ups in the fintech ecosystem right now. At Barclays, we’re embracing the digital revolution, exploring innovations early on so that we can help to shape their development and co-create the future of financial services with these startups. We’re leading the industry with new pioneering technologies, which will be paramount to helping us achieve our ambition of becoming the ‘Go-To’ bank.” Greg Rogers, Managing Director of Techstars added: “FinTech is red hot right now. The ten startups in this class are each tackling a different part of financial services, providing further evidence that the entire category is under disruption. At Techstars, we are proud to play a role in this revolution, in partnership with Barclays as it leans forward into the changes of its industry." Barclays and Techstars have committed to working together to run further Accelerator programmes, with the next one kicking off in New York in July. This further highlights Barclays support and commitment to the flourishing global fintech sector. It also follows Barclays recent launch of a new £100m fund to help fast growing UK technology businesses accelerate to the next level. More information on the Barclays Accelerator can be found at www.barclaysaccelerator.com Notes to editors The Ten Companies Atlas – Mobile banking for the developing world. BaseStone – BaseStone reduces costs and major errors from occurring on construction projects - effectively lowering risks to both the project and the capital employed. Cutover – The Cutover platform reduces the risk and cost associated with critical enterprise IT change events. Everledger – Everledger provides an immutable ledger for diamond identification and transaction verification for various stakeholders, from insurance companies to claimants and law enforcement agencies. LiquidLandscape – LiquidLandscape is a just-in-time visual analytics environment that provides '360-degree instant replay' for your data to support better, faster, and reproducible decision-making. Origin – Origin is a digital marketplace directly connecting fixed income investors with large corporate borrowers in the bond market. Post Quantum – PostQuantum protects the world's information by enforcing data confidentiality, authenticity and access control for now and the future. Ravelin – Ravelin provides real time fraud detection for e-commerce. Safello – Bitcoin spending platform, which has already enrolled over 20,000 users across Europe. Stockfuse – Stockfuse is a revolutionary candidate evaluation and talent development platform, employing gamification technology to bring skill-based recruitment to the financial services industry. About Techstars Techstars is a global ecosystem that empowers entrepreneurs to bring new technologies to market wherever they choose to build their business. With 18 mentorship-driven accelerator programs worldwide, Techstars exists to support the world’s most promising entrepreneurs throughout their lifelong journey. Techstars provides access to over 5,000 founders, mentors investors, and corporate partners, allowing entrepreneurs to accelerate the pace of innovation and do more faster. Techstars makes entrepreneurship more accessible by providing access to capital, guidance, marketing, business development, customer acquisition, and recruitment. For more information, visit www.techstars.com About Barclays Barclays is an international financial services provider engaged in personal, corporate and investment banking, credit cards and wealth management with an extensive presence in Europe, the Americas, Africa and Asia. Barclays’ purpose is to help people achieve their ambitions – in the right way.With 325 years of history and expertise in banking, Barclays operates in over 50 countries and employs over 130,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide. For further information about Barclays, please visit our website www.barclays.com.