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Financial Tech Firms Join Accenture-Backed Accelerator Program; Richard Lumb Comments

Financial Tech Firms Join Accenture-Backed Accelerator Program; Richard Lumb Comments - top government contractors - best government contracting event
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AccentureLogo1 EbizSeven early-stage ventures have been selected for an annual program backed by Accenture that works to help startups develop platforms for the financial services industry.

The FinTech Innovation Lab London program offers senior-level mentoring services to guide entrepreneurs in commercializing their innovations and attracting prospective customers, Accenture said Monday.

“In the past nine months, the startups involved in the 2013 FinTech Innovation Lab London have collectively raised over $10 million in investment and have increased employees by 41 percent,” said Richard Lumb, Accenture group CEO of financial services.

This year’s participants include Erudine, FinGenius, Logical Glue, PhotoPay, PixelPin, Squirro and uTrade.

Those companies are developing technologies such as analytics and collaborative tools, open source trading software and financial management systems.

Industry executives mentor FinTech startups through a series of workshops, panel discussions and networking events, Accenture says.

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Written by Mary-Louise Hoffman

is a writer of news summaries about executive-level business activity in the government contracting sector. Her reports for ExecutiveBiz are focused on trends and events that drive the GovCon industry to include commercial technologies that private companies are developing for federal government use. She contributes news content to ExecutiveBiz’s sister sites GovCon Wire and ExecutiveGov.

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