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Barclays Rise hub to be located in Mumbai

Barclays will introduce its Rise, the fintech innovation hub, in India by June. Rise is a network of physical spaces and a virtual community designed to work with innovative start-ups to pioneer the future of financial technology. The facility will be located in Mumbai. The hub is expected to create an ecosystem of fintech focused start-ups that will help the bank solve some of its tech related problems as well as give access to start-ups to a banking culture. India will be the fifth country where Barclays will be launching this program, launched in 2015. The first hub was launched in London, followed by New York, Manchester, Tel Aviv and Cape Town. Under the Rise programs, Barclays will give access start-ups to co-working space, mentorship and access to the Banks APIs.

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