Veriflow announced as our Innovation Challenge Winner

We've always welcomed bright ideas and new technology: from backing the fastest steam ships in the world to making payments as easy as swiping your finger.

Increasingly we’re partnering with start-ups to help us shape the future of banking. For our fourth annual Technology Open Innovation event in Silicon Valley, Barclays sought solutions to three new challenges: micro-segmentation, container technologies and open source for the enterprise, as a well as game-changing ‘wild cards’.

Twenty-five companies were chosen for a face-to-face pitch and demo session held on Monday, 17 October. At the evening networking event Veriflow was named as the Innovation Challenge Winner.

Veriflow is the first networking company to use formal verification to eliminate change-induced network vulnerabilities and outages. Honourable mentions were given to Gladly, Illumio, MapD and Sourceclear.

Afterwards, Tony Kerrison, Global Head of Infrastructure Services said: “Start-ups are generating exciting ideas all the time and this event provides an ideal platform to quickly identify best-in-class emerging technologies. Not only do we want to harness their creativity to deliver superior solutions to customers and clients, it’s also really rewarding to support the next generation.”

"We’re honoured to be recognised by Barclays,” said James Brear, president and CEO of Veriflow. “This award along with our recent customer wins are further validation of our technology’s ability to solve some of the toughest availability, resilience, compliance and segmentation challenges in networking today.”