NatWest has announced five FinTechs it has selected to join its Fintech Growth Programme.

Launched in December last year, the scheme is designed to help FinTech start-ups scale through access to the bank’s resources, expertise, and networks.

The five FinTechs are all pre-Series A UK-based start-ups looking to develop their business ideas and provide innovative solutions addressing challenges in the payments space.

They include Tunic Pay, which is building a trust infrastructure to help prevent scams and mmob, which provides tools for businesses to import or export API services in any channel through an embedded finance toolkit.

Aperidata, a company using Open Banking to increase financial inclusion and Ask Silver, which allows users to send screenshots of potential scams, were also selected for the programme.

NatWest said the Fintech Growth Programme allows FinTechs to work collaboratively with its innovation team and senior decision makers while benefiting from a “curated scale-up curriculum” and an opportunity to build a meaningful network.

The programme supports NatWest’s ambition of “leading the future of banking”, with the hope that some of the participants will help drive innovation at the bank.

It added that banks cannot do everything themselves and must collaborate with others to meet customer needs and keep payment experiences secure.

“Their solutions and remarkable potential align with our commitment to create better outcomes for our customers,” said David Grunwald, director of NatWest Innovation. “Collaborating closely with such talented UK entrepreneurs not only enhances our ability to be future focussed but reinforces our dedication to fostering the growth of the innovation community.”

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