24 Feb 2017

Globes – Barclays Rise seeks fintech solutions in Israel

Barclays Israel COO Michal Beinisch explains how the Tel Aviv accelerator brings together a global banking corporation and young startups.
Both Barclays and its competitors realize that a change is inevitable. They are lowering the barriers separating them from the world and the ecosystem. Cooperation between huge corporations and young startups, which would have been impossible a decade ago, is now a reality.
This is where the platform named Rise enters the picture. "We especially want to cooperate with young companies," says Barclays Israel COO Michal Beinisch, who founded and heads the local branch of Rise. "80% of this cooperation is designed to solve problems that the various bank divisions are encountering, while 20% deals with next generation technologies."