FIA, a global trade organization, announced on Thursday it has collaborated with Rise New York, created by Barclays, has joined the FIA Innovators Pavilion as a community partner. According to FIA, Rise New York will help promote the Innovators Pavilion, FIA’s annual fintech showcase. The Innovators Pavilion is notably part of FIA Expo, which will take place in Chicago on October 16th-18th.
FIA reported that Rise New York is part of the Barclays global open innovation platform and delivers numerous programs that facilitate rapid engagement between Barclays and the Rise community in order to solve some of the biggest challenges facing financial services. Speaking about the collaboration, Mariquit Corcoran, Partnerships and Programs Director at Barclays, stated:
“We’re a proud community partner of the FIA Innovators Pavilion in October. Rise New York will be present alongside some of New York’s most cutting-edge technology startups to give attendees a flair of key transformational areas within capital markets, sales and trading. The potential opportunities for fintech in derivatives have been growing significantly and Barclays recognizes the importance of building stronger connections between our Rise fintech platform and the trading community in Chicago.”
FIA also noted that as a community partner for the FIA Innovators Pavilion, Rise NY will help FIA recruit fintech startups to apply for a place in the Pavilion. The startups that qualify for a place receive a free booth on the FIA Expo show floor and numerous opportunities to network with banks, brokers, trading firms, exchanges and other participants in the global derivatives markets. This year’s Innovators Pavilion currently has four other community partners: Fintech Sandbox, FinTEx, Hyde Park Angels and Seismic Foundry. In addition, Rise New York, working with the Barclays Innovation Office, will host a fintech-focused event on Sept. 19 at Rise New York’s location in the Flatiron district, the hub of New York’s startup scene. Will Acworth, Senior Vice President at FIA, added:
“We are delighted to have the support of Rise New York for our Innovators Pavilion, which has become a central part of our annual FIA Expo. Rise has developed a tremendous network of contacts in the fintech ecosystem and we look forward to working with Rise and Barclays to highlight the exciting innovations emerging in the capital markets segment of fintech.”