Applications open for Scotland’s Innovation Labs programme

TSB is now accepting applications for its fourth Innovation Labs programme in collaboration with FinTech Scotland.

This year the bank is looking to work with FinTechs that have open banking propositions capable of delivering money confidence to customers, offering them a more personalised experience and access to a range of financial products such as savings, insurance, investments and pensions.

The scheme continues to support Scotland’s FinTech sector – giving up to 15 successful applicants the opportunity to develop their proposition with the guidance of experts at TSB’s Edinburgh headquarters, Henry Duncan House.

Following the success of last year’s Innovation Labs Programme, TSB has also announced today it will partner with FinTech Doshi for the next six months. 

Doshi will provide a learning gaming app to support TSB’s Money Confident Communities financial education programme. The programme, which has been in place for three years, involves TSB colleagues volunteering at local schools to help young people as they take their first steps towards financial independence.

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“We are thrilled to have played a small part in supporting Snugg, Lightning Reach, and most recently Doshi through our Innovation Labs Programme and are delighted to be partnering with FinTech Scotland for a fourth year in a row,” said Aruna Bhalla (pictured), head of partnerships & open banking at TSB.

“If you’re one of the 200 FinTechs based in Scotland, now’s your chance to submit your application to help shape how TSB delivers money confidence through open banking.”

Nicola Anderson, chief executive at FinTech Scotland, added: “We’re delighted to work with TSB and continue to be inspired by TSB’s approach to supporting FinTech development, working in true partnership on solutions and propositions for customers. 

“This year’s programme is a sign of the continued value open banking innovation presents for the future of the sector.”

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