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U.K. lender Barclays has opened a new innovation center in Shoreditch, London, for its in-house banking and technology teams, as well as more than 40 co-located financial technology (fintech) start-ups.
The announcement on Tuesday claimed the new Rise facility in east London is the biggest fintech co-working space in Europe. On a monthly basis it will host more than 200 hours of workshops, "hackathons", networking and learning events.
The regular events are designed to help the 40 fintech start-ups firms housed in the new offices to develop innovative new ideas for the financial services sector, while encouraging Barclays' own in-house teams to become more nimble and experimental. The start-ups may also learn some lessons about business and operational tips from the co-located bank staff.
CNBC-4 hours ago
U.K. lender Barclays has opened a new innovation center in Shoreditch, London, for its in-house banking and technology teams, as well as ...