EvoNexus Launches SoCal’s First FinTech Incubator
EvoNexus, Southern California’s startup technology incubator, has announced it’s opening the region’s first financial technology (FinTech) incubator with strategic founding sponsors, Royal Bank of Canada (RBC) and Franklin Templeton. The new incubator will serve as the premier SoCal center for FinTech innovation with startups focusing on technology areas that will impact financial services companies of all sizes and the customers they serve.
The areas of technology that they will focus on include: artificial intelligence/machine learning, bank/wealth/payment technology, capital markets technology, cybersecurity, blockchain, mobile payments, P2P lending, digital cash, InsurTech, RegTech, data science, predictive behavior analytics and key telecommunication enablers such as 5G, IoT and edge computing.
“Together with RBC and Franklin Templeton, our vision is to establish SoCal’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. 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’ deep corporate alliances to open the region’s first purpose built FinTech Incubator is important for reshaping and building sustainability in the SoCal technology innovation ecosystem.” – EvoNexus CEO and Co-Founder Rory Moore.
“FinTech is an important sector for us at RBC . Leveraging the time tested incubation platform that EvoNexus has perfected since 2010 will allow us to complement our commitment to invest in the best emerging technologies. 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.” – Eddy Ortiz, VP of Solution Acceleration & Innovation at RBC.
“We are excited about collaborating with EvoNexus and being a founding sponsor of its FinTech incubator, as we believe it will contribute to the acceleration of our efforts in leveraging emerging technology to improve our business outcomes for investors. Forging and expanding Franklin’s footprint within the FinTech startup ecosystem continues to be an important element of our FinTech strategy. Such relationships enable us to expand our learnings in this evolving space and position us to further leverage these capabilities to gain an information advantage to drive investment performance.” – Joe Boerio, Chief Technology Officer for Franklin Templeton.
The incubator is set to open its doors next month to a new 6,000 square foot Class A office space in San Diego provided by California’s commercial real estate developer the Irvine Company.
