Asset management firm Schroders unveiled Cobalt, its version of an accelerator program for fintech startups.

Graham Kellen, chief digital officer at Schroders said in an announcement today:

By collaborating with ground-breaking tech start-ups we can tackle legacy technology issues with problem-solving innovation for the benefit of our clients and our own productivity. In turn, the start-ups we choose to work with will also profit from our industry expertise and resources to fast-track their development.

The U.K.-based firm is looking for startups that are established and can deliver a product/solution with a year’s timeframe. These fintechs could also receive investment from the firm, but no specific amount was disclosed.

Read more at Finextra and FNLondon.