EvoNexus launches incubator backed by RBC and Franklin Templeton
EvoNexus, a Southern California’s start-up technology incubator, is opening the region’s first financial technology incubator with founding sponsors Royal Bank of Canada (RBC) and Franklin Templeton.
First financial technology incubator with founding sponsors Royal Bank of Canada (RBC) and Franklin Templeton
The new incubator will host start-ups focusing on technology areas that will impact financial services companies of all sizes, including: artificial intelligence (AI) and machine learning (ML), banking tech, wealth tech, payments tech, 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.
“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 digitisation of financial transactions,” says EvoNexus CEO and co-founder Rory Moore.
“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.”
EvoNexus says it will take advantage of the unique systems and results driven incubation model it developed over the last eight years to attract, select and launch high quality start-ups in its emerging fintech company portfolio.
Eddy Ortiz, VP of solution acceleration and innovation at RBC, says: “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.”
The incubator is set to open its doors in May 2019 to office space in San Diego.
