TSB Launches Innovation Labs Programme in Scotland
TSB is launching its third ‘Innovation Labs’ programme in Scotland, in collaboration with Fintech Scotland. The programme is open for applications in four areas: money confidence, inclusive services, delivering differently, and a wildcard sector for fintechs that are outside of the first three categories. The scheme aims to boost the UK fintech sector by supporting 10 to 20 successful companies in developing their propositions under the guidance of TSB business leaders and experts in its Edinburgh tech hub.
Successful applicants will have the opportunity to partner with TSB in offering innovative financial solutions as the bank expands its fintech partnerships. Scotland, with its more than 200 fintech companies and access to world-class talent from Scottish universities, provides an excellent opportunity for TSB to strengthen its position in the fintech landscape and provide greater Money Confidence to its customers.
Previous winners of the programme include AppTap, Lightning Reach, and Snugg Energy. These fintechs fall under the category of ‘Money Confidence’ and help customers better manage their finances through services such as utility switching and financial hardship support.
TSB’s initiative with Fintech Scotland demonstrates its commitment to fostering fintech collaboration and developing the fintech ecosystem in Scotland and across the UK. The Innovation Labs programme will be hosted in the TSB Edinburgh Technology Centre and will run until the end of the year.