Atsora’s technology, Momentum, can be used by banks and SMBs for planning and developing business models, monitoring cash-flow and growth based on financial data, providing cost optimization, client profitability management, and more. “Small businesses are always looking for ways to focus on the core business and to manage all the finances easier, faster and in one place,” Pulkiewicz explained during his FinovateEurope 2014 demo of the platform. In this way, from a technology perspective, Momentum is a “service-oriented data backbone” that provides structured information to a variety of small business, micro applications.

The goal is to gives banks greater insight into their small- and medium-sized business customers, and to ensure that SMBs have the best access to the services and products from their bank partners. Better engagement, better opportunities for upselling, and better odds at customer retention are among the platform’s promises.

Accenture founded the FinTech Innovation Lab London in 2012 as a collaboration involving leading financial and government institutions, including support from the Mayor of London, the City of London Corporation and Innovate UK. The Lab will be held at Level39, known as the largest fintech accelerator space in Europe.

“Commercializing innovations is often the toughest challenge for entrepreneurs,” said Accenture group chief executive for Financial Services, Richard Lumb. “That’s why it is so valuable to bring these early-stage companies together with their potential customers.” Lumb said that since the inception of Innovation Lab London, 14 companies have successfully completed the program, raised more than $25 million in new funding, and signed more than 50 business contracts with FIs.

Founded in December 2013 and based in Warsaw, Poland, Atsora demoed its Momentum platform at FinovateEurope 2014.