Latest news with #TSBLabs
Yahoo
04-06-2025
- 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
03-06-2025
- 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.
