Between 10-20 applicants will develop their idea under the guidance of TSB
Winning fintechs will partner with TSB, a UK bank, to offer solutions and services to customers.
Between 10-20 applicants will develop their idea under the guidance of TSB, in its Edinburgh Tech hub, to get ready for the market.
This year, TSB is encouraging fintech applicants to develop propositions across four areas.
Money confidence, to help people manage their finances. Inclusive services, for both TSB customers and colleagues. The third area, delivering differently, aims to create positive career experiences, from career development to cost-of-living support. And finally, wildcard, to encourage innovative customer solutions.
The scheme also helps to boost the UK’s fintech sector, TSB said in a statement.
Aruna Bhalla, head of partnerships and open banking at TSB said: “Scotland is home to more than 200 fintechs. And with access to world class talent from Scottish universities, this is an excellent opportunity for TSB to bolster its position in the fintech landscape and provide even more money confidence to our customers.”
Nicola Anderson, chief executive of Fintech Scotland, said: “This initiative not only reinforces TSB’s commitment to fostering fintech collaboration. But also its involvement in developing the fintech ecosystem in Scotland and across the UK.”
Previous winner, Robin Peters, chief executive at Snugg Energy, said the programme has been invaluable to the development of its proposition.
Peters added: “Thanks to our collaboration with TSB, we are now able to make energy efficient homes simple and affordable for thousands of homeowners.”