IBS Journal August 2016
15
LBG to mentor FinTechs
startup mentoring scheme. Initially, companies will be identified through the FI’s relationships with its partners at Innovate Finance, who recently launched a mentoring programme, and with Startupbootcamp through its accelerator. Lloyds has also established collaborations across women in networks such as FemTech Leaders. It is aiming to launch a bespoke platform where new entrants can register their interest and summarise their reasons for seeking mentorship and the areas they would like support in.
L Marc Lien, Innovation and Digital Development Director at Mizuho teams up with Ripple
distributed ledger technology for use in cross-currency settlements. Mizuho, alongside fellow R3 consortium member SBI, will be using Ripple’s solution to investigate how cross-border payments could be performed between FIs using blockchain. R3 will be acting as a consultant during the project.
M
The trial is going the whole hog, according to Ripple, with real payment information and funds expected to move between companies using the system in the future. The test could become live by the end of 2016. This isn’t the first time that the Japanese financial group has dipped its toes
izuho Financial Group is to test Ripple’s loyds Banking Group has launched a FinTech
Lloyds Banking Group, says: “The mentoring programme is an opportunity to boost our support to the UK as one of the main FinTech hubs, allowing us to share the insights of the challenges and opportunities that come with scale and an existing customer base to provide FinTechs with a complementary understanding of the market. Through collaboration and partnerships with startups, we can support the evolution of how the financial services sector will serve its customers. This programme will be mutually beneficial as we can also learn lessons from FinTech firms’ successes and failures that will help shape and inform our digitisation journey.”
Lloyds Banking Group has form in this area. After winning the Innovate UK Financial Literacy Challenge, Swave, a company developing a ‘swipe to save’ app, had access to a range of experts from the Group, as well as being offered desk space on its innovation floor. Worapay (IBS Journal’s Startup of the Month in the July issue) has also seen success with its order and self checkout app, which can be used with any mobile wallet, after joining the Startupbootcamp FinTech programme.
Scott Thompson
into the waters of blockchain – it announced a trial back in March using the Open Assets protocol.
Alex Hamilton
www.ibsintelligence.com
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52
