"We've seen a rapid acceleration of investment into and deal activity around intelligent automation and IoT start-ups over the last 12 months," said Roy Jubraj, digital & innovation lead for Accenture's financial services practice in the UK. It coincided with the graduation of the latest cohort from Accenture's accelerator, Fintech Innovation Lab, which included an insurtech group for the first time. "These technologies are primed to disrupt the industry in the years to come, so it's fitting that we've established a dedicated insurtech stream as a key part of Accenture's Fintech Innovation Lab in London," Jubraj added. Fintech Innovation Lab London The Fintech Innovation Lab London is modeled on a similar program, co-founded in 2010 by Accenture and the Partnership Fund for New York City. "We've seen a rapid acceleration of investment into and deal activity around intelligent automation and IoT start-ups over the last 12 months," said Roy Jubraj, digital & innovation lead for Accenture's financial services practice in the UK.
Global fintech investment was essentially cut in half in 2016. With this stark shift, it might seem that fintech is taking a turn for the worse. But the reality is very different. In some markets, too much cash was chasing too few quality opportunities, driving valuations too high, and sending investors to the sidelines. But as the air is slowly released from this bubble, markets will correct, leading to lower valuations, driving more consolidations and acquisitions, and making room for more assets to move back in.
We're thrilled to have Chaney Ojinnaka, CEO of VendorMach and VP of Enterprise, Ivan Kotorov in as guest speakers for Byte Academy students and a limited number of members. VendorMach is a network driven platform that uses AI (predictive analytics) to produce the VM Trust score. The score is then used to offer invoice receivables financing and insurance products to SMBs while enabling enterprises to better manage their supply chain. Founded in London, VendorMach recently opened its US office in New York. Topics covered over the evening will include: VendorMach and founders' overview, building a startup, AI and machine learning, data science in fintech, supply chain finance, FinTech environment London v. US (pre/post Brexit), pros & cons of an accelerator and more.