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The Startups Hiding in UBS, Citigroup and Barclays

  • Two-dozen lenders using accelerators to find innovation
  • Challenges loom on adapting fintech to legacy systems
Technologists From Fintech Startups Take Part In The Techstars Accelerator In Partnership With Barclays Plc

Last Thursday night, almost 200 entrepreneurs jammed an auditorium in London’s East End where Barclays Plc unveiled the 11 ventures chosen for its latest financial-technology boot camp.

The winners described their startups like contestants on a business version of the X Factor, drawing applause from the crowd. There was Cuvva Ltd., a firm that delivers auto insurance through a smartphone app in less than a minute, and DigiSEq Ltd., which lets consumers make payments with wearable devices. Perhaps the biggest surprise was the one led by the guy in the dark pinstripe suit.