IBOS member PNC Financial Services Group, Pittsburgh’s largest bank, has launched a technology incubator for the financial services industry.
The enterprise, ‘Numo’, launched in February and operates as a wholly owned subsidiary of PNC. Numo primarily focuses on building consumer and business software related to financial services. The enterprise builds its solutions by applying cutting edge technologies and data analysis techniques to opportunities in financial services.
Numo’s model was designed specifically to enable meaningful collaboration with technical academics. Numo finds scholars with specific skills useful in projects they work on, and evaluate ideas from academics for new projects in fintech.
Read the full brief in the Pittsburgh Post-Gazette here.