Barclays takes a minority stake in digital receipts startup Flux - Business Insider

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Barclays' stake in Flux demonstrates the success of its accelerator program at a time when incumbents are struggling with in-house innovation projects:

have deepened a relationship with a business because of its positive impact on society or the environment, making a service like Flux appealing to younger demographics.

The news also demonstrates the success of Barclays' accelerator program at a time when incumbents are struggling with their in-house innovation projects.

The bank spent more than £100 million building out Bó, a standalone challenger bank, but the project has recently, not least with Mark Bailie, Bó's CEO, departing weeks after its high-profile debut. As players like RBS struggle with internal efforts aimed at pushing back against fintech disruptors, we could see more players adopting Barclays' approach., Business Insider Intelligence's expert product suite tailored for today's decision-makers in the financial services industry, delivered to your inbox 6x a week.

 

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