Fintech Fast Forward

Throughout our history, Slaughter and May has both supported and practised entrepreneurialism and innovation. Fintech Fast Forward is our legal incubation programme which supports the work of UK-based technology entrepreneurs and innovators. Through the programme we share our market-leading expertise with a new generation of tech entrepreneurs and innovators, whose businesses have the potential to deliver meaningful improvements or increased competition in financial services and related sectors.

On 3 March 2017 we announced the names of the five businesses we selected to join the first phase of our Fintech Fast Forward programme. Further details can be found in our press release

On 31 October 2017, we announced the names of the six businesses selected for the second phase, bringing the total number of businesses in our Fintech Fast Forward programme to eleven. Further details can be found in this press release.

Fintech Fast Forward is now closed for applications. Please do get in touch with Rob Sumroy or Ben Kingsley (co-heads of our fintech team) to discuss potential opportunities to work together outside of the programme.


We are offering participants up to £30,000 of value add services including:


Support from our Fintech Team’s legal experts in technology, financial services, intellectual property, data, employment, competition and company law.


Access to model legal documents – including non‑disclosure agreements, employment contracts and intellectual property transfers.


Introductions and networking opportunities through Slaughter and May’s existing networks and Fintech Fast Forward’s consultative panel of leading industry and legal professionals.


Tailored individual coaching and development sessions in crucial areas such as pitching, presentations, people management, communications and negotiation.

 

In order to find the very best talent to receive our support, we have formed a consultative panel for the programme that brings together experienced professionals from the technology, financial services and fintech sectors.

Panellists will recommend businesses they consider suitable for entry to the programme, review potential new participants’ business cases and help us identify businesses that stand to benefit most from the programme.

The consultative panel supports Fintech Fast Forward by enhancing our ability to direct our efforts towards supporting the cream of the UK’s tech and fintech talent.

The Fintech Fast Forward consultative panel is:

Trevor Callaghan

 

Trevor Callaghan

General Counsel, DeepMind Technologies

After five years in San Francisco working as a director in Google’s legal team across a range of issues including privacy, competition, copyright and product compliance, Trevor returned to the UK in June 2016. He is now General Counsel at DeepMind, the artificial intelligence company within the larger Alphabet corporate family that also owns Google.


Trevor Callaghan

 

Peter Cullum

Chairman, Global Risk Partners

Peter was named EY Entrepreneur of the Year in 2005 and awarded the CBE in 2010 for his contribution to business, entrepreneurship and charitable causes. In 2006 Peter created the Peter Cullum School for Entrepreneurship at Cass Business School, and is currently a significant investor in and Chairman of Global Risk Partners and Minority Venture Partners.


Mike Lynch

 

Mike Lynch

Founder and CEO, Invoke Capital

The founder of Invoke Capital, a $1billion fund which invests in fundamental European technologies, Mike Lynch has long been regarded as a visionary figure in technology, described by the Financial Times as “the doyen of European software” and by the Sunday Times as “Britain’s Bill Gates”. He holds a PhD from the University of Cambridge in Machine Intelligence, he sits on the Prime Minister’s Scientific Advisory Panel and is a UK Business Ambassador. Mike has founded a number of companies, including Autonomy, the UK’s largest software company, with a market capitalisation of $11bn. He has invested in a number of start-ups, including Darktrace, Luminance, Neurence, Sophia Genetics and Featurespace, and has also advised venture capital and private equity groups such as Apax Partners and the Carlyle Group.

He is a fellow of the Royal Society and of the Royal Academy of Engineering, and he is an Honorary Fellow of Christ’s College, Cambridge. He is on the advisory board of the Newton Institute, Tech City’s Investment Committee and is a member of the “Create the Change” board at the Francis Crick Institute. He was a non-executive director of Cambridge Enterprise and previous directorships include the BBC, the British Library and Nesta. He is a council member of the Foundation for Science and Technology.


Sigga Sigurdardottir

 

Sigga Sigurdardottir

Chief Customer and Innovation Officer UK, Santander

Sigga currently leads the UK innovation team at Santander having worked on innovative B2B and B2C products for more than 20 years across Australia, Asia, Europe and the US. Sigga is particularly interested in e-commerce, digital payments, customer experience and omni-channel marketing.


Suzanne Ashman

 

Suzanne Ashman

Partner, LocalGlobe

Suzanne is a Partner at LocalGlobe where she focuses on early-stage companies. LocalGlobe has been seeding ambitious UK founders since 1999 including Citymapper, Improbable, Lovefilm, Moo, Tweetdeck, Transferwise and Zoopla. Previously, Suzanne spent five years at Social Finance, an impact investing firm seeking to generate both social change and a return on capital. Suzanne enjoys working with mission driven founders, and has a keen interest in digital health, education and marketplaces. She holds a BA in Philosophy, Politics and Economics from Trinity College, Oxford.


Rob Sumroy and Ben Kingsley, co-heads of our Fintech Team, will also sit on the panel:

Ben Kingsley

 

Ben Kingsley

Partner, Slaughter and May

Ben is a partner in Slaughter and May’s Financial Regulation practice and co-heads the firm’s Fintech Team. His clients span the full spectrum from established global financial and TMT groups to high growth start-up challengers. He advises on all aspects of UK and EU financial regulation, including in the areas of banking, insurance, asset management, payments, mobile banking, e-money, and digital financial services. Ben is recognised in Chambers UK as a leading individual in the area of financial services.


Rob Sumroy

 

Rob Sumroy

Partner, Slaughter and May

Rob is Head of Slaughter and May’s Technology and Outsourcing practices and co-heads the firm’s Fintech Team. He advises on all aspects of IT, outsourcing, e/m-commerce, big data, data protection, cyber security and IP, as well as assisting organisations with their digital strategies. Rob is ranked in the IT and Outsourcing sections of Chambers UK, recognised as a leading individual for Commercial Contracts in The Legal 500 and is listed in SuperLawyers.

 

Eligibility

There is no minimum size/shape/age/financial position for acceptance into our Fintech Fast Forward programme. We will be focussed primarily on the strength, uniqueness and promise of the concept and the team.

The programme is aimed at early‑ and mid-stage ventures rather than established businesses but applications will be accepted from newly-formed businesses through to the pre‑IPO/exit stage.

Timing

The second round of Fintech Fast Forward is now closed for applications. The first round of successful applicants were accepted into the programme in March 2017. Successful applicants for the second round were announced in October 2017. Please do get in touch with Rob Sumroy or Ben Kingsley (co-heads of our fintech team) to discuss potential opportunities to work together outside of the programme.