PROFTECH NEWS

Our latest & greatest insights and findings from the West Midlands and beyond.

FINTECH COMPANIES AWARDED £250,000 TO ACCELERATE NEW DEVELOPMENTS THAT DRIVE GOOD CONSUMER OUTCOMES

Five fintech firms have each been awarded £50,000 to propel developments that support financial inclusion, accelerate financial resilience and deepen consumer engagement in financial services.

SuperTech WM and FinTech Scotland, in partnership with the University of Strathclyde and University of Glasgow, announced the outcome of the latest Consumer Duty Innovation Call from its Financial Regulation Innovation Lab (FRIL), an Innovation Accelerator project funded by Innovate UK.

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FINANCIAL FIRMS, TELECOMS AND TECHNOLOGY LEADERS LAUNCH A COLLABORATIVE PROGRAMME IN INTERNATIONAL FRAUD AWARENESS WEEK TO TACKLE FINANCIAL CRIME ACROSS THE UK

As part of International Fraud Awareness week, 11 industry partners including BT, HSBC, Morgan Stanley, Abrdn, TSB, Virgin Money, Lloyds Banking Group, Barclays, Fujitsu, Equifax and Dudley Building Society are collaborating to launch an innovation programme focused on addressing financial crime. As part of the Financial Regulation Innovation Lab, FinTech Scotland, SuperTech West Midlands, and Greater Manchester Combined Authority will lead the UK wide innovation call aiming to create an environment for collaborative innovation in order to tackle financial crime challenges.

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UK-WIDE INNOVATION CHALLENGE LAUNCHES, TRANSFORMING CUSTOMER OUTCOMES AND DRIVING INNOVATION

The Financial Regulation Innovation Lab (FRIL) is an industry-led collaborative research and innovation programme focused on leveraging new technologies to respond to, shape, and help evolve the future regulatory landscape in the UK and globally, helping to create new employment and business opportunities, and enabling the future talent. Founded by FinTech Scotland in partnership with University of Glasgow and University of Strathclyde, SuperTech is collaborating to help expand the reach and impact across the UK.   

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