The challenge aimed at discovering innovative solutions to strengthen the relationships between financial institutions and their SME clients.
In brief:
-Fintech companies Xpand and Skwile Ltd have each been awarded £50,000, fuelling the development of their propositions, and innovations, whilst supporting economic growth within central Scotland.
-FinTech Scotland has a long track record of running successful innovation calls for established financial firms and, its collaboration with Smart Data Foundry has taken things to the next level.
- Virgin Money and NatWest played a vital part in this innovation call, supporting fintech SMEs with invaluable workshops to help those businesses be more collaboration-ready whilst getting early access to new innovative solutions.
What does this mean?
Bryn Coulthard, Chief Product and Technology Officer at Smart Data Foundry commented “We are delighted with the success of our first innovation call in partnership with FinTech Scotland, the first in a joint programme of innovation calls to help drive economic growth in Scotland’s fintech sector. I was especially pleased to see the value of giving access to our SME synthetic dataset as part of the challenge, which helped accelerate participants thinking and allowed for rapid iteration of ideas as they developed their pitch of their proposition.”
