Barclays Opens Europe’s Biggest FinTech Center in London

U.K. lender Barclays has announced that it has opened a new fintech center in London’s Shoreditch dedicated toward discovering future business opportunities that aims to change the future of financial services.

In an announcement from Barclays, the Rise London facility, which Barclays is claiming to be the largest co-working space in Europe, will be home to over forty fintech companies, in addition to banking and technology teams from Barclays where they will create innovative concepts for the fintech sector. On a monthly basis, Rise London will host over 200 hours of learning, workshops, hackathons and networking opportunities for fintech and venture capital communities.

Rise London is part of Barclays’ Rise global platform, which, at present, has completed more than 70 deals between Barclays and financial technology companies in the past 18 months, aimed at solving challenges and open new markets for the business.

Jes Staley, Barclays group chief executive, said that they had created 750 jobs in their U.K. technology centers and that technology should be a core competency of a global financial

Read more ... source: CryptoCoinsNews

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