Accenture includes blockchain-oriented startup to their FinTech Innovation Lab

Recent reports that a financial innovation lab, operated by Accenture, which is a consulting and management firm) has just added a blockchain startup to its newest class.

With this in mind, Accenture’s 2016 Fintech Innovation Lab will include a total of 15 startups, including Crowdaura. The firm aims to use blockchain technology as the main mechanism to issue securities via crowdfunding. What makes it shine though is the fact that they are the only startup in this class to be included.

The startups that have been selected will get to spend a total of 12 weeks working with the folks at Accenture, but also with executives from major financial institutions including the Deutsche Bank, Bank of America, Societe Generale and HSBC.

In a press statement, Richard Lumb, the head of Accenture’s financial unit has said that: “They offer some exciting innovations and have demonstrated exceptional creativity in what has been a record-breaking year for applications from more than 30 countries, confirming that London is very much the centre of Europe’s thriving FinTech community,”

At this moment in time, Crowdaura is the second blockchain startup to be included, as last year, the Hong Kong-based Bitspark startup participated in Accenture’s FinTech innovation lab.

Based on everything that has been outlined so far, it’s nice to see consulting firms gradually beginning to accept blockchain-oriented startups. Will Crowdaura benefit from this opportunity? Let us know your thoughts.

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