EvoNexus, a San Diego, California-based start-up technology incubator, as per recent reports, has announced opening a financial technology incubator –the South California’s first-ever fintech incubator, with sponsorship from Royal Bank of Canada (RBC) and Franklin Templeton. The incubator is all set for the May 2019 opening at EvoNexus’ office space in San Diego.
As per press reports, the new fintech incubator will be hosting technology start-ups — artificial intelligence (AI) and machine learning (ML), banking technology, wealth management technology, payments technology, capital markets technology, cybersecurity, blockchain, mobile payments, P2P lending, digital cash, insurtech, regtech, data science, predictive behaviour analytics, and key telecommunication enablers such as 5G, IoT and edge computing — that impact financial service providers of all sizes
Speaking on this context, EvoNexus CEO and co-founder Rory Moore, says, “Together with RBC and Franklin Templeton, our vision is to establish the region’s premier fintech incubator as the driving force behind innovations between financial services and the next wave of underlying technologies, such as 5G, further enabling mobility and digitization of financial transactions.”
Continuing, Moore says, “The next generation of our fintech portfolio companies will be disruptive and beneficial for developing infrastructure for new banking and investment models that will rely on unique technology and data, leveraging EvoNexus’ corporate alliances.”
Eddy Ortiz, VP of solution acceleration and innovation at RBC, states: “We operate several RBC Innovation Labs around the globe and this partnership augments what we’re doing to incubate digital capabilities and drive innovation that creates value for our clients.”