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Jonathan Levin, CRO of Chainalysis, presenting at the Barclays Accelerator New York Demo Day

Jonathan Levin, CRO of Chainalysis, presenting at the Barclays Accelerator Demo Day in New York

After thirteen weeks of intensive networking, mentoring and development, 11 businesses showcased their innovative fintech propositions at a demo day in New York, marking the culmination of the third cohort of the Barclays Accelerator.

The Barclays Accelerator, powered by Techstars, is an intensive programme for fintech startups designed to help businesses deliver breakthrough innovations. The sold out Demo Day event, which was opened by Tom King, CEO, Investment Bank, was attended by over 540 industry leaders, serial entrepreneurs, senior executives and corporate partners.

Tom King, CEO, Investment Bank, providing opening remarks

Tom King, CEO, Investment Bank, providing opening remarks

We were delighted to announce that Barclays has engaged with 10 of the 11 companies, with eight signed contracts. This includes the following:

  • Chainalysis is working to help Barclays transact with companies who are active in the Bitcoin and blockchain space. Barclays’ financial crime and transaction monitoring teams will be using Chainalysis to obtain information from the blockchain about their customer’s financial transactions, giving the bank more effective control in working with this exciting new technology
  • LiveOak Technologies has signed a five-year framework contract that enables it to contract with various Barclays business units globally to investigate implementation of their video-conferencing technology that allows in-session eSignature

  • Wave is experimenting with an electronic, paperless Bills of Lading process using blockchain technology, in conjunction with Barclays’ Corporate Bank
  • Wayerz is working with Barclays to see how their solution can help Barclays further enhance the current process of the invoice billing with Barclays’ financial institution partners

None of the POCs would have been possible without the 300 Barclays colleagues who spent nearly 500 hours supporting and mentoring all 11 teams.

“The first New York cohort of the Barclays Accelerator programme has been an outstanding success. Each of the 11 companies that participated has significantly progressed their concept, and has contributed to shaping the future of financial services. Our demo day is about celebrating the successes, partnership and an exciting future with some of the leading startups in the fintech ecosystem right now. Barclays is proud to be at the forefront of the fintech revolution.”
Derek White, Chief Design and Innovation Officer

The New York cohort of the Barclays Accelerator comes after two prior London cohorts, run during 2015 and 2014. A fourth cohort will start their own 13-week program in London in January 2016. Barclays recently announced two further Barclays Accelerator programs that will run in Tel Aviv and in Cape Town in March 2016.

For more information about the Barclays Accelerator, or to submit applications for its programs in Cape Town and Tel Aviv, please visit:

barclaysaccelerator.combarclaysaccelerator.com
The 11 companies of the 2015 New York cohort of the Barclays Accelerator were:
LiveOak Technologies  (US)  simplifying customer engagement through real-time video-conferencing, collaboration, and in-session eSignature on any device
<remesh  (US)  using artificial intelligence on an enterprise platform that turns collective wisdom into intuitive, decision making data in real-time
Syndicated Loan Direct  (US)  eliminating complexity in syndicated loan transactions by transforming fragmented and complex data into clear, actionable information
Alloy  (formerly known as The First Mile Group) (US)  improving conversion and reducing losses for financial services companies through customer data and onboarding APIs
Wayerz  (Israel)  optimising international bank wire transfers, correspondent inter-bank reporting and reconciliation, all on an integrated platform
Rangeforce  (formerly known as Vequrity) (Estonia)  developing and executing live, hands-on, cybersecurity training on real networks in the cloud
Wave  (formerly known as OGY) (Israel)  creating a safer, faster and more advanced Bills of Lading, built on the Blockchain
Chainalysis  (Denmark)  building the layer of compliance for the future of value exchange
Seeds  (US)  transforming in-game monetisation through microfinance
Logrr  (US)  establishing password-less authentication and user management for cloud-based enterprise applications
Cashforce  (Belgium)   bringing capital intensive businesses and banks closer together through an automated cash management platform 
About Techstars

Techstars is a global ecosystem that empowers entrepreneurs to bring new technologies to market wherever they choose to live. With dozens of mentorship-driven accelerator programs and thousands of community programs worldwide, Techstars exists to support the world’s most promising entrepreneurs throughout their lifelong journey, from inspiration to IPO. Techstars provides access to tens of thousands of community leaders, founders, mentors, investors, and corporate partners, allowing entrepreneurs to accelerate the pace of innovation. It supports every stage of the entrepreneurial journey – from early stage grassroots community development to more formal opportunities that provide education, experience, acceleration, funding, and beyond.

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