Accenture names 15 start-ups joining its 2016 FinTech Innovation Lab

15 UK start-ups with the potential to “make banking better, cheaper and faster” have won a place on the 2016 Fintech Innovation Lab London; the financial technology (fintech) accelerator programme from management consultancy firm Accenture.

Based at Canary Wharf’s Level39 site, the 12-week initiative gives participating start-ups mentoring and support to help them “fine-tune” and develop their technologies and business strategies.

Six of the most promising start-ups from the programme will be selected to present at an investor day in April to an audience of investors and senior executives from the fintech industry.

Launched in 2012 by Accenture and 16 of the world’s biggest banking organisations including Barclays, HSBC, Morgan Stanley and Goldman Sachs, the London Lab has already helped its 14 alumnni companies to go on to raise more than $25m and sign approximately 50 contracts to do businesses with banks.

The 15 “innovators” selected for the 2016 FinTech Innovation Lab are:

• AimBrain
• Albert
• AlgoDynamix
• Clausematch
• Contego
• Crowdaura
• Cutover
• PassFort
• PayKey
• Quotip
• SBDA Group
• Talent Rank
• Undo
• Voleo
• ZeroDB

Richard Lumb, Accenture group chief executive of financial services, commented: “The disruption of financial services by fintech entrepreneurs continues at speed.

“We’re incredibly excited about working with this year’s entrepreneurs […]. They offer some exciting innovations and have demonstrated exceptional creativity in what has been a record breaking year for applications from more than 30 countries, confirming that London is very much the centre of Europe’s thriving fintech community.”