RegTechs, and Fintech start-ups will join Accenture's sixth
Innovation Lab in London to offer technology solutions for
regulatory challenges in their own dedicated stream for the first
Running from January 2nd to March 22nd, the three-month FinTech accelerator programme will partner financial firms with entrepreneurs, to develop technologies and business models with a particular focus on regulation.
Regulations addressed will include the revised Payments Services Directive (PSD2), which requires banks to make customer data available to third parties, with the customer's consent; the General Data Protection Regulation (GDPR); and the Markets in Financial Instruments Directive (MiFID 2).
"The risk of non-compliance is what keeps financial boards awake at night," said Julian Skan, executive sponsor of Accenture's FinTech Innovation Lab London. "It's a pivotal moment for technology solutions to help banks and insurers not just to meet the needs of regulators, but make the most of the digital economy."
A list of mentoring partners and shortlisted start-ups can be found here