TSB and FinTech Scotland open applications for new Innovation Labs programme
From today, TSB is taking applications for fintechs to participate in its fourth TSB Innovation Labs programme as the bank and Fintech Scotland encourage a new round of fintech collaboration.
In this year’s programme TSB is looking to work with fintechs that have open banking propositions to help the bank develop technology that will offer customers a more personalised experience and help them access a wider of financial products such as savings, insurance, investments and pensions.
The scheme will help grow Scotland’s fintech sector –by giving successful applicants the opportunity to develop their proposition under the guidance of TSB leaders across its business in its Edinburgh headquarters, Henry Duncan House.
TSB has also announced it will be partnering with Doshi for the next 12 months following last year’s Innovation Labs Programme. Doshi will be working with TSB to provide gamification functionality to support TSB’s Money Confident Communities financial education programme. The initiative has been in place for three years and involves TSB colleagues volunteers visiting local schools to help young people as they take their first steps toward financial independence.
Aruna Bhalla, Head of Partnerships & Open Banking, TSB said:
"Scotland is home to more than 200 fintechs and we’ve seen for ourselves the innovation they can bring in helping us deliver money confidence to our customers. We’re really excited to be partnering with Doshi following last year’s programme and want to work with fintechs this year that can help us shape the future of our Open Banking strategy.
Nicola Anderson, Chief Executive, Fintech Scotland said:
“We’re delighted to work with TSB and continue to be inspired by TSB’s approach to supporting fintech development, working in true partnership on solutions and propositions for customers. This year’s programme, focused on Open Banking is a sign of the continued value Open Banking innovation presents for the future of the banking sector. It’s an exciting opportunity and I’m looking forward to seeing the results and partnerships develop”
