The financial services firm has set up a strategic investment unit that will target areas such as artificial intelligence, distributed ledger and smart contract technology.
UK-based financial services firm Barclays has established a “venture capital-style” unit in order to explore new areas in which it can grow revenue, the Financial Times reported yesterday.
Barclays has been a relatively active VC investor over the past year, funding companies such as secure communications platform Symphony, distributed ledger technology developer R3 and cognitive computing platform developer Digital Reasoning.
The firm also launched an accelerator in partnership with accelerator operator Techstars in 2015, but it has…
