FinTech Scotland and Smart Data Foundry have joined forces to launch a UK Fintech innovation challenge in collaboration with some of the leading UK banks.

In brief:

-This innovation challenge seeks to find innovative solutions that will support and strengthen the relationships between Financial Institutions and their SME clients.

-Successful applicants will be able to access a prize of up to £50,000 to help develop their ideas and support taking them to market.

-This challenge offers a unique opportunity for participants to present their ideas to industry leaders, as well as engage with experts in data, technology, and fintech. 

What does this mean?

Commenting on this initiative, Nicola Anderson, CEO at FinTech Scotland said: "We are thrilled to launch the FinTech Scotland Innovation challenge, which presents a tremendous opportunity to support small businesses and drive innovation in the post-COVID business environment. By collaborating with industry leaders and leveraging synthetic data assets, we aim to empower entrepreneurs to develop ground-breaking solutions that will address the strategic needs of SMEs. We encourage innovators to join us on this exciting journey as we shape the future of the fintech landscape in Scotland and the UK."