EY has employed the top of Barclays’ Fintech Enterprise Studio, Mark Jannetta, to run its first fintech lab, based mostly in London.
EY says fintechs, potential buyers, shoppers, established monetary companies companies, regulators and different companions will have the ability to use the lab to share data, brainstorm massive concepts and develop new tech-based monetary companies choices.
Jannetta has spent the previous seven years at Barclays, latterly working instantly with fintechs within the innovation area. He’ll be a part of up with the broader EY fintech group which is is headed up by former interim-CEO of the FCA, Chris Woolard, who pioneered the UK Regulatory Sandbox.
The brand new London lab will probably be complemented by a second lab, which can open in Edinburgh subsequent yr. alongside a monetary companies innovation hub in Bristol, combining design, knowledge analytics and engineering capabilities.
Says Woolard: “We’ve got clear and really bold plans to develop our fintech enterprise within the UK. Our overriding goal is to attach fintechs, established monetary companies gamers, potential buyers and the official sector and collaborate to convey new services and products to market. The EY fintech labs will probably be central to our development.”
Alongside the brand new labs, EY can be launching a fintech development programme geared toward early stage and rising companies serving to to equip them with the abilities and information wanted for achievement. The programme will probably be managed by Katja Palovaara, previously of Tech Nation and FinTech Rising Star of the Yr on the London FinTech Awards 2022.