| Notes |
Update on Rise Tel Aviv
Rise, created by Barclays has had a physical presence in Tel Aviv since 2016, which has enabled us to bring together the best and brightest minds in Israeli FinTech. As we reflect on the implications of COVID-19, including the increasingly important role of virtual networks and communities, we are evolving our operating model in the early-stage and tech ecosystems in Israel. The operating model will focus on virtual engagement, strategic partnerships and investments, and will include ending the lease of the Rise physical site in Tel Aviv.
Whilst Rise will no longer have a dedicated space in Israel, we will continue to work closely with the local ecosystem and with the Barclays Israel team to support the Banks’ innovation focus, and we remain committed to supporting the ecosystem and the founders we've worked with through new models.
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