The FinTech Innovation Lab programme, designed to promote technological innovations within the financial sector, has selected the final seven start-ups.

The selected seven, involved in services including security, cloud services and analytical tools will have access to workshops, networking opportunities and leadership coaching from financial industry executives.

The seven companies are BehavioSec, Calltrunk, Digital Shadows, Growth Intelligence, Kiboo, Open Bank Project and Waratek.

Shaygan Kheradpir, chief operating officer of Barclays Retail and Business banking, said: “Mobile technology and digital innovation are the future of financial services because that is what clients and consumers want, so it is so important that we continue to support entrepreneurs and start-ups that can really progress this further”.