Barclays announces partnership with fintechs

August 2, 2017 2:09 pm0 commentsViews: 12

barclaysBy TINTSWALO BALOYI
JOHANNESBURG, (CAJ News) – THE Barclays Africa Group will collaborate with several financial technology (fintech) companies to explore promising new technology-based solutions that could prompt significant improvements for consumers and bank services.
Among the fintechs are Abe.ai (from the US), Kapitalwise (US), as well as FOMO Group and Byte Money from South Africa, to test the potential to scale up and roll out the solutions across the ten countries where Barclays Africa Group has operations.
Others include Howler, FlexPay, Spatialedge, Sun Exchange and Avenews-GT.
“The solutions created by these companies are among the top innovations in the fintech space in the world right now,” said Yasaman Hadjibashi, Chief Creation Officer at Barclays Africa Group.
“Any of these solutions could have the potential to solve some of the biggest challenges facing the financial services sector in Africa,” said
Hadjibashi, who leads Barclay Africa Group’s innovation agenda.The fintech companies are among ten businesses that participated in the 2017 Barclays Accelerator, powered by Techstars, a worldwide network that helps entrepreneurs succeed.
The ten companies showcased their solutions during a ‘demo day’ held in Cape Town where the participating companies were selected from more than 50 countries.
Yossi Hasson, Managing Director of Techstars (Barclays Accelerator), said the demo day, to an audience of investors and corporate partners, showcased the breadth and depth of the innovations in Africa.
“I’m excited by the calibre and potential that these companies have to offer,” said Hasson.
– Techno

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