TSB opens programme for FinTech startups

TSB and FinTech Scotland have opened applications for their annual Innovation Labs programme.

The scheme, aimed at FinTech startups, offers companies the chance to partner with TSB and roll out money related products across the UK.

Between ten and 20 successful applicants will have the chance to develop their product under the guidance of TSB business leaders and experts in the bank’s Edinburgh tech hub.

The bank said that proposals should help people manage their money, increase inclusive financial services, create positive staff experiences or meet customer needs in a creative way.

Previous winners of the programme include ApTap, Snugg Energy and Lightning Reach. They currently help TSB customers save money by providing utility switching, energy efficiency and financial hardship services.

Commenting on the news Aruna Bhalla, head of Partnerships & open banking at TSB, said:
"Scotland is home to more than 200 FinTech and, with access to world class talent from Scottish universities, this is an excellent opportunity for TSB to bolster its position in the FinTech landscape and provide even more Money Confidence to our customers."

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