Lloyds Banking Group Launches FinTech Mentorship Program
Firm will partner with Startupbootcamp, Innovate Finance and FemTech to find potential candidates.
![london-bridge london-bridge](/sites/default/files/styles/landscape_750_463/public/import/IMG/700/343700/london-bridge5-580x358.jpeg.webp?itok=b7k7f0T0)
Innovate Finance, a member organization focused on fintechs in the UK, and Startupbootcamp, a global accelerator program, will serve as partners to Lloyds Banking Group to help the bank identify candidates for the program. The firm will also collaborate with FemTech Leaders, a group focused on females in financial technology.
Lloyds Banking Group also plans to launch a custom platform that will allow fintechs to apply for acceptance into the program.
Mentors will come from throughout Lloyds Banking Group and be coupled with startups based on needs and expertise in business development, technology and marketing. The firm is hoping to enroll 100 mentors to work with the same number of startups initially.
"Through collaboration and partnerships with startups, we can support the evolution of how the financial services sector will serve its customers," said Marc Lien, innovation and digital development director at Lloyds Banking Group, in a statement. "This program will be mutually beneficial as we can also learn lessons from fintech firms' successes and failures that will help shape and inform our digitization journey."
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Emerging Technologies
The IMD Wrap: Quality drivers—the sticks and carrots accelerating the data quality race
Like a Formula One Grand Prix, data management is a race that can be won or lost. And just as each race is part of a larger F1 championship that pays large sums of TV money to the winning team, winning or losing one race can contribute to winning or losing an endgame with much more at stake.
This Week: Clear Street, Hudson River Trading/Google Cloud, Alveo and more
A summary of the latest financial technology news.
Start-up uses ‘Magic’ to democratize access to AI for hedge funds
Spun out of Brevan Howard five years ago, SigTech hopes its new no-code generative AI offering can help smaller buy-siders even the odds with AI models.
JP Morgan touts DLT, tokens for collateral management
Distributed-ledger technology could make moving non-cash collateral more efficient, said managing director Toks Oyebode during an Isda conference on Thursday.
Waters Wrap: The changing definition and perception of blockchain
Anthony says that questions of definition and perception are killing DLT projects in the capital markets—oh, and a lack of proven implementations.
This Week: IPC extends Google Cloud partnership, BlackRock/AIA, DTCC and more
A summary of the latest financial technology news.
Waters Wavelength Podcast: Deutsche Bank’s Boon-Hiong Chan
Boon-Hiong Chan from Deutsche Bank joins the podcast to talk about blockchain interoperability.
SocGen pushes data, analytics use cases for SG Markets
The bank is letting a handful of clients experiment with its proprietary data and models to inform their research.