Ex-Barclays CEO Antony Jenkins sets up new fintech start-up
Former Barclays CEO Antony Jenkins has set up a fintech firm called 10X Future Technologies.
Jenkins, who was sacked by Barclays in summer 2015 for failing to transform the bank quickly enough, has appointed himself as the sole director of 10X Future Technologies.
He has refused to comment on what he plans to do with the new company.
During his three years at the Barclays helm, Jenkins oversaw the development of the payment of cheques into an account via a photo on a mobile phone.
Last week, he talked about the effect of technology in banking, and predicted that “half of bank branches and jobs may get the chop over the next decade because of the march of mobile and online banking”.
Life without Jenkins
Since Jenkins was dismissed from his role, there have been a number of developments at Barclays.
The bank announced the launch of its own mobile contactless on Android, and confirmed it will not be joining Android Pay.
Barclays is also leaving Africa as it looks to consolidate the group and increase shareholder returns after a 2% drop in full-year profit. The bank will sell its 62% stake in Barclays Africa Group Limited (BAGL) over the coming few years and then focus on two divisions – Barclays UK and Barclays Corporate and International.