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The C5 Alliance Group Limited (C5) has today announced the formation of an innovative new initiative based in Jersey, which will be solely focused on creating FinTech products. The C5 Jersey FinTech Lab will work in partnership with entrepreneurs and other businesses that have a financial services product, which requires technical development and marketing.
With a range of exceptional expertise, this new lab will work with businesses on a case-by-case basis, building a bespoke team for them to provide a ‘hot-house’ of internal resources, including strategic support, developers, project managers, office space, marketing and initial seed capital in exchange for a percentage of equity. The C5 Jersey FinTech Lab will support new product development, product migration, re-engineering, product maintenance and enhancement, testing, mobile enablement, system deployment and finally, taking the product to market.
Mark Loane, CEO of C5 commented: “There are huge opportunities within the FinTech sector at the moment, which the excellent work of Digital Jersey has helped to bring to light. As an industry we now have a unique opportunity to leverage our understanding of the financial sector and global regulation to create world-class products. This is something that C5 has extensive experience in locally, but also internationally, as several of our bespoke solutions are now being endorsed and rolled out in other locations. We want to use Jersey’s homegrown talent and skills in this area to support local entrepreneurialism in the area, and also to develop an export capability. We will also be looking at a similar initiative in Guernsey at a later stage.”
The first C5 Jersey FinTech Lab developed product, Optics Analytics Limited, will launch later this year, providing a new type of portfolio management system. Anyone who is interested in working with the C5 Jersey FinTech Lab should contact mark.loane@c5alliance.com in the first instance.
