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Mr Carstens, who used to work at the International Monetary Fund, is widely seen as an able and agile administrator who might succeed in improving the banking system where others have failed.
Though based in London's Mile End, near "Tech City", startups who meet the programme's fintech remit — in particular with applications focused on improving the banking experience for consumers — can apply from anywhere in the world.
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He then gives his suggestions for improving the bank.
Ms Porat, one of the most powerful women on Wall Street, is widely credited with improving the bank's performance through cost-cutting.
Since becoming chief executive of Barclays last year, Mr. Jenkins has been faced with the challenge of improving the bank's reputation.
During the earnings release next month, Mr Jenkins is expected to also lay out several objectives aimed at improving the bank's reputation.
With credit quality improving, the bank's bad-loan provisions fell 37% to their lowest level since mid-2007, the bank said.
"But first it is necessary to have good hotels," he said".Then we must also improve the banking system.
Such a strategy, he argued, was "not the solution" and would not improve the banking sector's lending capacity.
Mr. Osborne had asked the commission to come up with ways to improve the banking system and make banking executives more accountable for their actions after the financial crisis and a handful of recent banking scandals.
It launched a series of reforms to improve the banking industry so that it could compete with foreign counterparts.
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