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."
Latest News
-
Bank of England trials AI to detect fraud in real-time payments
-
FCA leads global week of action against rogue finfluencers
-
UK financial watchdog to lift ban on crypto ETNs
-
Lloyds executive departs days after launching premier banking service
-
Visa hails EU Digital Identity Wallet as ‘gamechanger’ for payments and banking
-
Unicredit invests €10m in lending platform Banxware
Banking's GenAI evolution: Beyond the hype, building the future
In the first episode of a four-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech explores how financial institutions can navigate the transformative potential of Generative AI while building lasting foundations for innovation.
Beyond compliance: Transforming document management into a strategic advantage for financial institutions
In this exclusive fireside chat, John Rockliffe, Pre-Sales Manager at d.velop, discusses the findings of Adapting to a Digital-Native World: Financial Services Document Management Beyond 2025 and explores how FSIs can turn document workflows into a competitive advantage.
Sanctions evasion in an era of conflict: Optimising KYC and monitoring to tackle crime
The ongoing war in Ukraine and resulting sanctions on Russia, and the continuing geopolitical tensions have resulted in an unprecedented increase in parties added to sanctions lists.
Achieving operational resilience in the financial sector: Navigating DORA with confidence
Operational resilience has become crucial for financial institutions navigating today's digital landscape riddled with cyber risks and challenges. The EU's Digital Operational Resilience Act (DORA) provides a harmonised framework to address these complexities, but there are key factors that financial institutions must ensure they consider.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories