Latest news with #NicolaAnderson
Yahoo
7 hours ago
- Business
- Yahoo
FinTech Scotland, TSB launch innovation programme to address banking fraud
FinTech Scotland has launched its latest Innovation Labs programme, in partnership with TSB Labs. The partnership was announced at Money20/20, Europe's fintech event. This initiative aims to address significant challenges within the banking sector, focusing on fraud prevention and 'seamless' customer experience. TSB Labs will collaborate with FinTech Scotland to identify and support 'innovative' solutions to combat fraud, which remains a prevalent issue in the UK. The new programme builds on the achievements of previous cohorts, which led to multiple pilot projects. The 2025 programme is open to fintech companies worldwide that are prepared to implement practical solutions in a live retail banking context. FinTech Scotland CEO Nicola Anderson said: 'We are delighted to be partnering once more with TSB and announce this innovation programme at Money20/20. 'TSB Labs is a powerful example of how established financial institutions can partner with fintechs to deliver real impact for customers.' The lab has outlined three specific challenge statements that seek innovative responses - improving fraud detection through 'effective' customer communication, empowering customers with greater control over their payments, and streamlining the fraud reporting process. The programme consists of two phases of structured engagement, concluding with a pitch to TSB decision-makers, providing participants with the chance to advance to pilot implementation. TSB fraud and financial crime operations director Richard Daniels said: 'Fraud is constantly evolving, and so must we. 'The TSB Labs programme is a brilliant opportunity for us to work shoulder-to-shoulder with innovative fintechs to find smarter, faster and more effective ways to continue protecting our customers.' In November 2024, KPMG UK joined FinTech Scotland to promote innovation, accelerate growth, and enhance technology adoption in the Scottish financial technology sector. "FinTech Scotland, TSB launch innovation programme to address banking fraud" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Finextra
a day ago
- Business
- Finextra
FinTech Scotland and TSB launch innovation challenge to combat fraud
FinTech Scotland unveiled today the latest innovation programme in collaboration with TSB Labs at Money20/20, Europe's largest fintech conference. 0 TSB Labs, the award-winning fintech accelerator, is once again partnering with FinTech Scotland to identify, support and scale innovative solutions tackling some of the most urgent challenges in banking. This year, the focus is on preventing one of the nation's most prevalent crimes - fraud, while delivering a seamless customer journey. The programme builds on the success of previous cohorts, which resulted in several pilot projects as well as being recognised at the Scottish Financial Technology Awards for Best Financial Services Innovation. The 2025 innovation programme is now open to fintechs from across the globe who are ready to deploy real-world solutions in a live retail banking environment. Nicola Anderson, Chief Executive of FinTech Scotland, commented: 'We are delighted to be partnering once more with TSB and announce this innovation programme at Money20/20. TSB Labs is a powerful example of how established financial institutions can partner with fintechs to deliver real impact for customers. Thanks to our work on the topic of fraud as part of the Financial Regulation Innovation Lab, we'll be bringing a significant amount of knowledge, expertise and connections to this programme from across the Scottish Fintech Cluster.' The Lab's three challenge statements invite creative, practical solutions in: • Smart Messaging and Education: improving fraud detection through timely, trusted, and effective customer communication. • Empowered Customer Controls: making faster decisions about authorised payments by giving customers more control and clarity. • Seamless Resolution: transforming fraud reporting and resolution into a streamlined, customer-centric journey. Richard Daniels, Fraud and Financial Crime Operations Director at TSB, said: 'Fraud is constantly evolving, and so must we. The TSB Labs programme is a brilliant opportunity for us to work shoulder-to-shoulder with innovative fintechs to find smarter, faster and more effective ways to continue protecting our customers." The programme offers two phases of structured engagement, culminating in a final pitch to TSB decision-makers and the opportunity to progress to pilot deployment. Full details and the short application form can be found on FinTech Scotland's website . Applications close on 25 June 2025.
Finextra
27-05-2025
- Business
- Finextra
TSB announces the winners of its 2024 Innovation Labs programme
TSB has today announced Sikoia, Credit Canary, and Aperidata as the winners of its 2024 Innovation Labs programme, in partnership with Fintech Scotland. 0 Each year, the programme provides up to 15 new fintechs with the opportunity to develop and grow their propositions with insight and guidance from TSB experts based at the bank's Technology Hub in Edinburgh. Now in its fourth year, the programme continues to drive innovation for customers, while boosting entrepreneurialism in Scotland. The winners were chosen for their potential to enhance the future of banking. While Sikoia is set to make finance applications simpler for new customers, Credit Canary and Aperidata are on course to speed up credit scoring and the time it takes for customers to get a decision about borrowing from banks. All three winners will now work closely with TSB to develop Proof of Concepts to help deliver these improved experiences for its customers. Previous winners of the TSB Labs programme include Lightning Reach - a portal that helps customers to access financial support - such as grants and benefits - all in one place. Since launch in 2024, TSB customers have benefited from over £160,000 in grants, with an average payment of £500 per customer. ApTap, another previous winner, provides customers with an easy way to save on their household bills by comparing them to the latest deals on the market. In 2024, ApTap saved TSB customers over £65,000 on broadband bills alone, with an average saving of £150 per customer. Adam Betteridge, FinTech & Open Banking Lead at TSB said: "We are incredibly proud of the progress made by these three innovative fintechs during the TSB Labs programme. Over the last 12 months, Sikoia, Credit Canary and Aperidata have demonstrated exceptional potential to help TSB customers get support more quickly. Their innovative solutions use data and technology in new creative ways to help provide an even better experience for TSB customers. We're looking forward to what comes next.' Nicola Anderson, CEO at Fintech Scotland, said: "We are delighted to witness the success of Sikoia, Credit Canary and Aperidata through the TSB Labs programme. These innovative fintech companies show how data and AI can be harnessed to deliver real impact for people and communities. At FinTech Scotland, we believe meaningful collaborations are the key to unlocking innovation and this partnership with TSB demonstrates the powerful outcomes that can be achieved when new innovative firms and progressive established companies work together to shape the future of financial services.'
Scotsman
14-05-2025
- Business
- Scotsman
Fintech milestone: The ten Scottish fintech scale-ups taking to the global stage
'Scotland's fintech sector continues to go from strength to strength' – Lorraine Anderson, Scottish Enterprise Sign up to our Scotsman Money newsletter, covering all you need to know to help manage your money. Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... Ten of Scotland's most ambitious fintech scale-ups will take centre stage at the largest conference of its kind in Europe. The financial technology stars will be highlighted as the country hosts its first national pavilion at the Money20/20 Europe event, which takes place between June 3 and 5 in Amsterdam. Advertisement Hide Ad Advertisement Hide Ad Industry leaders have described it as a 'significant milestone' for Scotland's fintech sector following its recognition as a high growth area in the Scottish Government's national innovation strategy. They pointed to the Scottish fintech cluster's 'exceptional growth' which is seeing almost a third of its scaling-up companies exporting or ready to grow internationally. Fintech development has accelerated as more of us embrace digital banking. The conference initiative is being led by Scottish Enterprise and industry body FinTech Scotland. Nicola Anderson, chief executive of FinTech Scotland, said: 'We're delighted to showcase the FinTech Scotland cluster at Money20/20 and look forward to expanding fintech growth with European partnerships. 'The strength of fintech innovation and growth in Scotland is demonstrated in the growth of the fintech SMEs [small and medium-sized enterprises] and the businesses attending Money20/20. It's a testament to the strength of Scotland's cluster and the continued collaborative environment that drives innovation and commercial outcomes.' Advertisement Hide Ad Advertisement Hide Ad Lorraine Anderson, who leads Scottish Enterprise's global trade team for fintech, added: 'Scotland's fintech sector continues to go from strength to strength, with Money20/20 providing an ideal platform for ambitious Scottish businesses to showcase their offerings. Fintech is a key area of focus at Scottish Enterprise and plays a vital role in transforming our economy through companies scaling-up, creating high value jobs and competing internationally.' The Scottish pavilion will showcase: Aveni (behind AI-driven technology transforming financial advice compliance), BigSpark (next-generation data analytics and orchestration), CreditNature (focused on nature-positive credit risk and biodiversity), docStribute (secure digital document distribution) and Recast (blockchain-powered content distribution and monetisation). The other five scale-ups being featured are: Encompass (global leader in automation and digital onboarding), Inicio (AI for ethical and accessible consumer finance journeys), Korelabs (dynamic product lifecycle and compliance platform), Transwap (cross-border payments and foreign exchange services) and OneBanx (banking access for underserved communities). FinTech Scotland was founded in January 2018 as a joint initiative by the University of Edinburgh, Lloyds Banking Group, HSBC and Scottish Enterprise. It is now supported by a broad range of global financial services, technology and professional services firms as well as major universities and the Financial Conduct Authority (FCA). Advertisement Hide Ad Advertisement Hide Ad Figures released in January showed that Scotland's fintech revolution was gathering pace and now employs well over 11,000 people. There was an 8 per cent rise in the overall headcount within the FinTech Scotland 'cluster' during 2024, according to the trade body. FinTech Scotland said the cluster growth had been underpinned by increasing technology adoption and fintech partnerships with established financial firms, highlighted by a tenfold increase in the number of Scottish SMEs operating in the arena since 2018.
