Barclays is further developing its FinTech incubator, Rise, in order to support more FinTechs.
In Brief:
It’s partnered with a corporate innovation business called Rainmaking.
It’s also launching a digital accelerator called the Rise Start-Up Academy.
Later this year, the Rise Growth Academy launches.
What does this mean?
These are big plans for Rise which already provides an incubator programme including workspace for a number of FinTechs. It’s enlisted the help of Rainmaking which helps corporates run innovation programmes and it looks like Barclays could be keen to bridge the gap banks often find between these kinds of programmes and their internal innovation teams.
