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Innotribe gives London startups opportunity to transform the Banking Sector

Innotribe, an innovation initiative from SWIFT, has announced a new pitching session for financial tech companies in London

Finance-focussed entrepreneurs and startups will be invited to pitch in front of leading banks and investors on April 19th, at Canary Wharf’s Level39.

Hosted by SWIFT’s Innotribe, with assistance from Canary Wharf Group, the Challenge will see 15 small technology and financial services companies competing to convince the banking sector to take on their products and services.

A panel consisting of global financial services firms, VCs and other industry professionals will select the best two startups from London to go to the global finale to be held at Sibos, SWIFT’s annual conference, in Dubai in September.

Artist’s impression of Level 39, Canary Wharf

The London Innotribe Startup Challenge is part of a global programme, with regional rounds in London’s Canary Wharf, Singapore and New York.

The initiative is designed to unearth the technologies and ideas which will help financial services better serve the global economy.

A previous winner of the challenge, Gust, received over US$12m in investment, with others securing large contracts with global financial services firms.

Matteo Rizzi, co-founder of Innotribe, said:

“Level39 is an important catalyst for innovation in the financial industry, and is instrumental in positioning London as the hotbed of new and strategic initiatives.

Innotribe is delighted to be part of an enterprise that will help drive innovation forward”

Eric Van Der Kleij, Head of Level39 at Canary Wharf Group said:

“It is very exciting to welcome the London Innotribe Startup Challenge as one of the first events at Level39, Canary Wharf.

London has some of the smartest tech people in the world. If we can help mobilise them to transform financial services, they hold the potential to significantly benefit the global economy and in turn enhance London’s position as the digital and financial capital of Europe”

The deadline to submit an application is 10th March 2013. Find out more details here.