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The 2015 Fintech Finance 35: Nektarios Liolios, Startupbootcamp FinTech

No. 31

Nektarios Liolios
Managing Director
Startupbootcamp FinTech

“Fintech entrepreneurs all want access to the industry,” says Nektarios Liolios. “All the talk of disruption from the outside is rubbish.” Liolios worked to promote such access from 2011 to 2014 as manager of SWIFT’s Innotribe Startup Challenge (see Fabian Vandenreydt, No. 26). Now he channels funding and mentoring from leading financial institutions to participants in Startupbootcamp FinTech, a London offshoot, launched last year, of the five-year-old Startupbootcamp accelerator network. The boot camp itself lasts three months; the 2015 edition has its climactic demo day on November 12. The program was extended to Singapore this year, and there are plans to expand to New York and beyond. Liolios, 48, notes that the average age of Startupbootcamp FinTech entrants is 38 — they are more mature and industry-savvy than typical 20-somethings. “These are people who have been in the industry and experienced its problems themselves,” Liolios says, adding that there is no end in sight to the demand for creative solutions in such areas as back-office processing and data management. Five of the nine teams in the London boot camp are working on ideas relevant to wealth and asset management, he says, heralding a shift away from fintech’s earlier focus on payments and alternative lending. A quarter of the 400 applications to the London program were blockchain-related, and “most were not very good,” Liolios says. “Geeks get excited about the tech but don’t understand the industry problem.” The idea behind Startupbootcamp FinTech is to connect the two worlds, he explains, as “banks increasingly recognize they can’t build everything themselves.”

The 2015 Fintech Finance 35

1. James Robinson III
& James Robinson IV
RRE Ventures
2. Jane Gladstone
Evercore Partners
3. Matthew Harris
Bain Capital Ventures
4. Steven McLaughlin
Financial Technology Partners
5. Jonathan Korngold
General Atlantic
6. Richard Garman &
Brad Bernstein
FTV Capital
7. Amy Nauiokas & Sean Park
Anthemis Group
8. Thomas Jessop
Goldman Sachs Group
9. Meyer (Micky) Malka
Ribbit Capital
10. Hans Morris
Nyca Partners
11. Maria Gotsch
Partnership Fund for New York City
12. Marc Andreessen
Andreessen Horowitz
13. Barry Silbert
Digital Currency Group
14. Jay Reinemann
Banco Bilbao Vizcaya Argentaria
15. Mariano Belinky
Santander InnoVentures
16. François Robinet
AXA Strategic Ventures
17. Vanessa Colella
Citi Ventures
18. Alan Freudenstein & Gregory Grimaldi
Credit Suisse
19. Justin Brownhill & Neil DeSena
SenaHill Partners
20. Rodger Voorhies
Bill & Melinda Gates Foundation
21. Michael Schlein
Accion International
22. Kenneth Marlin
Marlin & Associates
23. Rumi Morales
CME Ventures
24. Mark Beeston
Illuminate Financial Management
25. Vladislav Solodkiy
26. Fabian Vandenreydt
Innotribe SWIFT
27. Derek White
28. Alex Batlin
29. Jeffrey Greenberg
& Vincenzo
La Ruffa
Aquiline Capital Partners
30. P. Howard Edelstein
REDI Holdings
31. Nektarios Liolios
Startupbootcamp FinTech
32. Roy Bahat
Bloomberg Beta
33. Andrew McCormack
Valar Ventures
34. Lawrence Wintermeyer
Innovate Finance
35. Janos Barberis
FinTech Hong Kong

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