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FinTech Scotland Announces Leadership Change

FinTech Scotland announces today that Nicola Anderson will be stepping down as Chief Executive at the end of 2025 to take up new senior director position with Scottish Enterprise.

Aleks Tomczyk is the new incoming Chief Executive for the cluster management body and will join with immediate effect as designate CEO, to work with Nicola over the remainder of 2025.

After five years as Chief Executive, Nicola is stepping down having made a significant impact on the growth and success of FinTech Scotland. During her tenure, she has been instrumental in leading the development of the fintech cluster, delivering substantial progress through ground-breaking research, innovation, and collaboration.

Under Nicola’s leadership, FinTech Scotland has launched and led a series of nationally and internationally recognised initiatives, including the Financial Regulation Innovation Lab and the UK’s first FinTech Research and Innovation Strategic Roadmap. These initiatives have served to strengthen the fintech opportunity in Scotland and continue to enhance its position as a leader in financial innovation.

Aleks Tomczyk takes the helm at FinTech Scotland to build on the excellent foundations now in place including a broad range of over thirty industrial and academic strategic partners, and a highly engaged fintech community of 250 plus strong entrepreneurial SMEs.

Stephen Ingledew, Chairman of Fintech Scotland, said:

“My deep heartfelt thanks to Nicola for her inspiring leadership as that has resulted in FinTech Scotland being recognised nationally and internationally as a leading cluster management organisation.

It has been a privilege to see Nicola’s visionary leadership achieve so much and Nicola will be a huge success in her new exciting role with Scottish Enterprise making a broader contribution to economic development.

As FinTech Scotland prepares for the next stage of its journey in driving economic growth through financial innovation, I am absolutely delighted that we have secured Aleks as our new Chief Executive. Aleks’ appointment comes after a detailed search process focused on what is needed for the next stage of our journey.”

Nicola Anderson said:

“It’s been a privilege to lead Fintech Scotland for the past five years and to work with so many committed and collaborative partners. We can all be proud of the fintech cluster we have collectively built and the positive impact of businesses and people in shaping the economy.

I know Aleks will be a huge success in this role and look forward to continuing to work with him.

Looking to the future I am excited by my new role which will focus on extending my experience and impact through fintech further, helping businesses across all sectors to succeed, thrive and grow.

Aleks Tomczyk said:

“I am delighted to be taking on the CEO role and building on the great work of Nicola and the team.

I am energised by the opportunity to deliver yet further for all our stakeholders. With a great academic base, an important financial services sector and ambitious growing fintechs there is much to build on and more potential that through continued collaboration can result in a positive impact on the economy.”

Catherine Martin said on behalf of University of Edinburgh:

“As a founding strategic partner, we have been delighted to be involved in the work and achievements of FinTech Scotland, and the growth in fintech over the past five years working with Nicola. We look forward to working with Aleks over the coming years.”

Jane Martin said on behalf of Scottish Enterprise:

“Nicola will bring fantastic experience of building partnerships in a key industry across industry, academia and the public sector to her new role at Scottish Enterprise to support scaling companies across further high growth sectors in Scotland. I look forward to working closely with her throughout her transition to lead our brilliant scaling team and with Aleks Tomczyk the incoming Chief Executive of FinTech Scotland as we continue to work together to benefit our economy.”

Jackie Leiper said on behalf of LBG and all Strategic Partners:

“Having been a Board Member of FinTech Scotland over the past few years and sponsoring LBG’s

partnership with FinTech Scotland, I would like to thank Nicola for her efforts and achievements on behalf of all Strategic Partners.

I have also got to know Aleks through his simultaneous presence on the FinTech Scotland Board. His experience as a fintech founder, committed cluster participant and business leader will help take FinTech Scotland forward to the benefit of all strategic partners.”

Myles Stephenson, Founder & CEO of Modulr, on behalf of the FinTech Scotland community:

“During Nicola’s tenure as CEO FinTech Scotland has gone from strength to strength with activities and initiatives that are enabling businesses to grow, partnerships to develop and deeper connectivity across the sector. I wish Nicola every success in her next role.

I have known Aleks since we became part of the FinTech community, a community that Aleks has been part of and I know he has a deep-seated drive to help all participants in the cluster succeed.”

Celebrating Scotland’s FinTech Champions

On Wednesday evening, the Scottish FinTech Awards returned to Edinburgh, bringing together the Scottish fintech cluster for a night of recognition, networking, and inspiration. The awards, organised by Digit and held as part of the Scotland FinTech Festival and hosted at the EICC recognised organisations and individuals pushing the frontier of financial innovation in Scotland.

The breadth of categories underscores how far fintech in Scotland has matured, from climate impact and digital transformation to partnership models, RegTech, and AI/data usage. This year saw a threefold increase in terms of entries which reinforces the claim to being a meaningful a leading fintech cluster, alive, competitive, and attracting global attention.

In the last 12 months the FinTech Scotland cluster recorded 8 % year-on-year employment growth in 2024 and 11,300 people are now working in fintech across Scotland.

The winners

  • FinTech of the Year: Loveelectric
  • Climate & Environmental Impact: CienDos
  • Best Start Up / New Entrant: Finspector
  • Best Use of Data / AI: Aveni
  • Digital Transformation: GoCodeGreen
  • Financial Services Innovation: Mylo (Aegon)
  • Financial Technology Partner: Snugg
  • Outstanding Leader: David Ferguson (Seccl)
  • Social Impact: Stellar Omada
  • Special Recognition: Adam Betteridge (TSB)
  • Evangelist: Sheetal Dash (Barclays)
  • Best Fintech Collaboration: Level E Research & Aberdeen

Best RegTech Innovation of the year

At FinTech Scotland, we were particularly proud to see the RegTech Innovation award go to the Financial Regulation Innovation Lab (FRIL). It’s not just a win for FinTech Scotland but for the whole cluster as demonstrated by the diversity of people on stage to collect the awards from fintechs to established financial firms, from universities to FinTech Scotland colleagues.

The award is an affirmation of the vision behind FRIL and the collaborative approach we believe is essential to the future of regulation, compliance and consumer outcomes in financial services.

FinTech Scotland and Scottish Enterprise unveil the Scotland North America Fintech Gateway

A new initiative to support international growth for Scottish fintech companies has been launched led by Scottish Enterprise and FinTech Scotland.

Scottish Minister for Business, Richard Lochhead MSP, announced the Scotland and North America Fintech Gateway during a speech at the FinTech Scotland Festival, on Tuesday 23 September.

The new initiative has been designed to accelerate international growth for Scottish fintech companies while attracting a new wave of foreign direct investment (FDI).

Business Minister Richard Lochhead said:

“This new initiative represents a significant milestone in our mission to position Scotland as a global fintech powerhouse.

“The gateway will help to cement our reputation as one of the best places in the world to create the financial technologies of the future. This follows the rapid growth of the sector which has created thousands of high-paid jobs in Scotland in recent years.

“It also builds on our Programme for Government priorities to strengthen inward investment from the United States and attract more tech companies to Scotland.”

The 18-month programme will be targeted at international fintech firms and tailored to fintechs based in Scotland that are export ready and actively targeting the North American region. Firmly aligned with Scottish Enterprise’s mission led strategy, this is the first time such a sectorial and a geographical targeted approach has been taken in Scotland for the fintech industry.

Managing director of international operations at Scottish Enterprise Reuben Aitken said:

“Scotland’s thriving fintech sector is worth over £14billion to the Scottish economy. The launch of the North America Fintech Gateway will support new export opportunities, attract high-value investment, and help create jobs. 

“We know the US is a key market and this initiative helps place fintech as a key driver of international innovation and growth. This partnership with Fintech Scotland helps strengthen international collaboration and expand Scotland’s global footprint.”

Chief Executive of FinTech Scotland Nicola Anderson added:

“The North America Fintech Gateway combines FinTech Scotland’s global network of fintech hubs with SDI’s market intelligence and incentives to help Scottish innovators land in new markets faster, while showcasing Scotland as the most collaborative and innovative place to build fintech solutions.”

This new and unique approach will serve as a blueprint as new regions and countries become priorities for Scottish businesses across all Scotland’s priority sectors.

Scotland’s fintech community has expanded to more than 250 companies and now employs over 11,300 people of which 1,700 are employed by fintechs with international headquarters

FinTech Scotland’s analysis shows that 30% of these firms are actively preparing to export, targeting key markets in North America, Europe and Asia Pacific.  Meanwhile, out of the 82 Scotland based fintechs which started elsewhere, a third are North America headquartered, proof of the Scottish fintech cluster’s appeal on the other side of the Atlantic.

The announcement continues to demonstrate the importance fintech represents for Scotland’s economic future as detailed in the Scottish Government’s 2025-26 Programme for Government which highlights financial and business services as a priority sector for inward investment and trade, with a specific focus on North America.

The Scotland and North America Fintech Gateway is structured around two workstreams:

Accelerating Trade from Scotland:

  • Market intelligence and access to key market events. Support from Scottish Enterprise fintech leads across North America providing local market insights and intelligence and a co-ordinated ‘Scotland presence’ at key industry events including Fintech Meetup, supporting fintechs to build profile and unlock new commercial opportunities.
  • Intensive market access support. Targeted support to accelerate market launch and growth with the opportunity to apply for a place on the Scottish Enterprise intensive US MarketBooster Programme, developed to support technology companies with ambition to scale in the US market specifically. 
  • Access to Scottish Enterprise and Fintech Scotland networks across North America. Access to a network of senior leaders in financial services and technology offering strategic feedback and insights on value propositions and growth strategies.  This includes individuals from the GlobalScot network, in-market contacts and Fintech Scotland’s Global Strategic Partners with North American presence (e.g. Morgan Stanley, JP Morgan Chase, Mastercard etc.

Boosting Inward Investment to Scotland:

  • Support and incentives for North American fintech companies to establish a base in Scotland, with practical guidance on location, hiring, and regulatory navigation.
  • Access world-class talent at a competitive cost: Scotland’s universities are producing top-tier graduates in AI, quantum, Web3, and financial technologies — comparable in quality to leading US institutions, but with a significantly more cost-effective talent base than London or the US. 
  • Including access to international networks and events to showcase Scotland’s dynamic fintech cluster globally

One of the first activities of The Scotland and North America Fintech Gateway will see FinTech Scotland sign a memorandum of understanding with Atlantic Fintech in Canada to develop cross borders opportunities.

FinTech Scotland strengthens leadership with appointment of Clare Reid to drive Scotland’s fintech innovation ambition  

FinTech Scotland has appointed Clare Reid as Strategic Innovation Director. In this role, she will support the strategic direction and implementation of the FinTech Scotland Research & Innovation Roadmap, with a particular focus on the Financial Regulation Innovation Lab (FRIL). 

Clare has more than 20 years of experience across innovation, research, financial services, and policy. Most recently, she was Director of Policy and Public Affairs at Prosper, where she led research initiatives, managed a partnership with the Scottish Government on small business learning (Peer Works), and oversaw delivery of a school STEM programme. She has also held senior roles at Experian and Robertson Group, as well as running her own start-up. 

Her appointment comes as FRIL accelerates its ambition for innovation and research, aimed at advancing fintech growth, technology adoption and collaboration across the financial sector. 

Since its launch in 2023 FRIL has become a catalyst for financial regulation innovation across the UK. Strategically based in Glasgow FRIL builds on the city’s established and growing financial services sector as well as the city’s growing reputation for innovation and collaboration. By addressing industry-wide challenges and supporting innovation in regulation, FRIL is contributing to a more resilient and inclusive financial system, while aligning with the UK’s Modern Industrial Strategy to drive growth and competitiveness in financial services. 

Nicola Anderson, CEO of FinTech Scotland, says: 

“We are pleased to welcome Clare as Strategic Innovation Director. Her experience across innovation, research and financial services, together with her track record in cross-sector collaboration, will be central to the continued development of the Financial Regulation Innovation Lab. Clare’s leadership will help ensure the Lab delivers practical outcomes that strengthen Scotland’s role in financial innovation while contributing to progress across the UK”. 

Clare Reid, Strategic Innovation Director at Fintech Scotland said: 

” I’m delighted to be joining FinTech Scotland at such an exciting time in their development. They are recognised leaders in cluster management and the FinTech opportunity is a key industrial opportunity for both the Scottish and UK economies. FRIL is a pioneering initiative that has real potential to create positive change for consumers, society and the environment and I’m excited to have the opportunity to play a part in that and in the future direction as we look to scale up the initiative.” 

Led by Innovate UK on behalf of UK Research and Innovation, the pilot Innovation Accelerators programme invested £100m in 26 transformative R&D projects, including the Financial Regulation Innovation Lab, to accelerate the growth of three high-potential innovation clusters – Glasgow City Region, Greater Manchester and West Midlands. This is a new model of R&D decision making that empowers local leaders to harness innovation to drive regional economic growth, help attract private investment and develop future technologies. 

FinTech Scotland strengthens fintech cluster with global leaders CMS and Mastercard

FinTech Scotland has announced that law firm CMS and international payments leader Mastercard have joined the Scottish Fintech Cluster as Strategic Partners; an exciting development enhancing the cluster’s collective strengths. The new strategic partners bring additional world-class financial and professional services expertise that will support fintech innovation and accelerate economic growth across Scotland and the UK.

Their involvement reflects the continued momentum for growth across the FinTech Scotland Cluster and its commitment to collaborative innovation, to shape the future of next generation financial services.  

Payment giant Mastercard is championing fintech developments across the world and is driving innovation in fields such as AI and Open Finance, both themes closely aligned to FinTech Scotland’s Research and Innovation Roadmap. This new partnership will present fintech businesses in Scotland with more innovation and collaboration opportunities that can build new commercial pathways and access to global markets.

CMS, which has more than 5,000 lawyers across 70 offices worldwide, brings extensive expertise in advising high growth fintech and established financial institutions in cutting-edge developments that are transforming the financial services sector. Their expertise in fields such as digital assets and blockchain technology supports Scotland’s plans for the new Centre of Excellence in Distributed Ledger Technologies developed by FinTech Scotland in partnership with Edinburgh Napier University.

The two new strategic additions further strengthen an already dynamic group of over 35 strategic partners, all working together to shape a world-class environment for fintech development and regional growth. The diversity of experience and perspective within the cluster continues to drive impactful collaboration and positive impact for the sector and society. These partnerships align with the UK Government’s Modern Industrial Strategy announced on the 23rd of June, highlighting firstly the importance of industry-wide collaboration in delivering economic growth alongside more place-based approaches and the importance of regional clusters to deliver successful growth.

Nicola Anderson, CEO at FinTech Scotland said: “We are delighted to welcome CMS and Mastercard to the FinTech Scotland Cluster. Their global reach, commitment to innovation, and deep sector expertise align perfectly with our ambition for the future of fintech innovation in Scotland. Together with our existing strategic partners, we are building a purposeful, connected, and impactful fintech Cluster, driving action for positive economic gain.”

Bruce Harvie and Fiona Henderson, Partners at CMS Scotland, said: “We are delighted to announce CMS’s strategic partnership with Fintech Scotland, a collaboration that underscores our shared commitment to driving innovation, excellence and growth across Scotland’s financial services ecosystem. This collaboration brings together our deep industry expertise and Fintech Scotland’s dynamic cluster to support the development of cutting-edge solutions that will benefit businesses and consumers alike. We look forward to contributing to Scotland’s thriving fintech community that champions collaboration, sustainability, and economic growth.”

Major Financial Institutions Unite to Drive Innovation in Operational Resilience 

A coalition of leading financial institutions including Sword Group, Natwest, Morgan Stanley, Dudley Building Society, The Tipton, Unity Trust Bank, M&G, Pinsent Masons, Tesco Bank, Aberdeen, KPMG and EY have joined forces to launch a UK-wide innovation challenge focused on strengthening operational resilience across the financial sector. Delivered in partnership with FinTech Scotland through the Financial Regulation Innovation Lab (FRIL), and collaborating with SuperTech WM to help expand the reach and impact across the UK, this initiative calls on fintech innovators to co-create next-generation solutions that can safeguard the financial system in an increasingly digital world. 

Operational resilience is a top priority for the UK’s regulators, including the FCA, Bank of England and HM Treasury, as the sector adapts to growing digital disruption, complex supply chains, and rising consumer expectations. This challenge reflects a shared commitment from industry to proactively address these risks through collaboration and innovation. 

In the face of escalating demand for seamless digital services, the challenge is designed to source practical, scalable solutions that can help firms stay resilient, responsive, and secure. It will offer selected fintechs the opportunity to work directly with financial institutions, gain valuable insights into real-world resilience challenges, and receive expert input from leading academics from the University of Strathclyde and the University of Glasgow.  

Successful applicants may also be eligible for up to £50,000 in grant funding to accelerate the development of their solution. The programme will culminate in a showcase event in Glasgow, where participants will present to industry and regulatory stakeholders. 

FinTech firms from across the globe are encouraged to apply before the deadline on August 15th.  More details can be found here. 

Nicola Anderson, CEO of FinTech Scotland:  “This challenge is a powerful example of how collaboration can drive meaningful change. By bringing together fintech innovators, academic insight, and industry expertise, we’re not only responding to the increasing demands of the digital economy, we’re actively shaping a more resilient and adaptive financial system for the future.” 

Rob Mossop, COO Financial Services and International, Sword: “As a trusted technology partner, we recognise that operational resilience is moving beyond meeting regulatory requirements. It has become a business imperative with clear impact on business growth. We understand the critical role that trusted and adaptable solutions play in helping financial institutions respond to disruption and build competitive advantage. We are excited to see how this challenge brings together the best of industry, academia, and innovation to utilise technologies that don’t just withstand disruption but enable agility and enhance trust in the face of it” 

Hilary Smyth-Allen, CEO SuperTech:“Our longstanding partnership with FinTech Scotland, to expand the reach of the Financial Regulation Innovation Lab, has delivered fantastic impact in previous programmes for both the fintech innovators and financial services participants. We look forward to seeing the collaborative opportunities arising from this open innovation challenge focusing on operational resilience.”  

Nicole Alston, Innovation Engagement Manager, NatWest: “Natwest Group are proud to support this challenge, which represents a fantastic opportunity to work hand-in-hand with fintech innovators to shape the next generation of operational resilience. By combining industry insight with fresh thinking, we can build smarter, more adaptive systems that protect customers and maintain trust” 

Luke Scanlon, Pinsent Masons: “Strengthening operational resilience isn’t just a regulatory expectation, it’s a shared responsibility across the financial ecosystem. This challenge is a compelling example of how partnerships between fintechs and industry, can drive innovation that’s both agile and aligned with evolving regulatory frameworks. It’s a chance to build practical solutions that work in the real world” 

Samuel Kennedy, Head of Operational Risk, Dudley Building Society: “For building societies, operational resilience is fundamental to maintaining the trust of our members and communities. This challenge is a chance to work alongside fintechs to explore innovative solutions that protect continuity of service, while ensuring we remain agile and responsive in a changing digital landscape.” 

Will Lynch, Group Deputy COO, Aberdeen: “Aberdeen’s involvement in FRIL has shown the power of collaboration in tackling complex regulatory and operational challenges. We are looking forward to contributing the next phase of FRIL in an increasingly important part of the regulatory landscape.” 

David Owen, Head of Business Risk at Unity Trust Bank: “Operational resilience isn’t just about meeting regulatory compliance; it is about reinforcing our customers’ confidence that we can withstand disruptions and continue to serve them effectively. At Unity Trust Bank, resilience is fundamental to our double-bottom-line approach: it supports sustainable business growth while deepening the trust that our socially minded customers place in us. By collaborating with fintech innovators, industry partners, and thought leaders, we are developing smarter, more adaptive systems that not only ensure continuity but also strengthen the core principles of ethical banking.”

Tom McFarlane, Partner, EY – “Building on the success of our collaboration with FRIL, we’re delighted to be supporting this innovation challenge focused on strengthening operational resilience. The FRIL programme presents a unique opportunity to deepen our relationships with innovators across the cluster – bringing together diverse thinking, regulatory insight, and practical expertise. Through these collaborations, we can co-create solutions that are not only innovative, but also scalable and grounded in the realities of today’s financial landscape.” 

The Financial Regulation Innovation Lab is part of the larger Glasgow City Region Innovation Accelerator programme.  Led by Innovate UK on behalf of UK Research and Innovation, the pilot Innovation Accelerators programme invested £100m in 26 transformative R&D projects between 2022-25 to accelerate the growth of three high-potential innovation ecosystems – Glasgow City Region, Greater Manchester and West Midlands. The programme was boosted by an additional £30m of public funding for 2025/26 spread equally across the regions.  Innovation Accelerators is piloting a new model of R&D decision making that empowers local partnerships to harness innovation to drive regional economic growth, attract private investment, and develop future technologies. 

FinTech Scotland Festival: Accelerating Regional Fintech Innovation

The eighth annual FinTech Scotland Festival will take place between the 22nd and the 26th of September 2025, showcasing the innovation of the Scottish fintech cluster.

Bringing together entrepreneurs, policymakers, global financial leaders, investors and innovators to demonstrate how the Scottish fintech cluster is translating the UK Government Modern Industrial Strategy into tangible economic growth, jobs and attracting the capital to scale enterprises in the UK and globally.

Across five days the festival will showcase fintech businesses and FinTech Scotland’s strategic partners who are fostering economic growth by driving innovation in Financial Regulation, Open Finance, Payments, Climate Finance utilising expertise Artificial Intelligence, Distributed Ledger Technologies and Quantum.

The festival highlights how the fintech cluster is aligned behind the new UK Government Financial Services Strategy unveiled on Tuesday, 15 July by demonstrating productivity improvement through digital innovation, the role of regional cluster leadership and supporting the national payment vision.

FinTech Scotland has built a week with key events including a Global Fintech Forum for international visitors, the Annual Fintech Summit on fintech trends, an awards ceremony to recognise fintech excellence and a day of workshops and knowledge sharing to support the growth of fintechs in Scotland

Nicola Anderson, CEO, FinTech Scotland, said:

“The FinTech Scotland Festival supports the UK Government’s ambition to make the UK, the world’s fintech capital. It will demonstrate how regional clusters can deliver jobs, inward investments, exports and societal benefit. I’m looking forward to welcoming individuals and organisations from around the UK and beyond to develop new connections and collaboration opportunities.”

Discover the festival agenda at www.fintechscotland.com/events/

FinTech Scotland and TSB Launch latest Innovation Labs programme to Combat Fraud and Enhance Trust in Digital Banking

FinTech Scotland unveiled today the latest innovation programme in collaboration with TSB Labs at Money20/20, Europe’s largest fintech conference.

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. Interested parties can apply here.

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.

Applications Open for the JPMorganChase Fintech Forward Programme

Applications are now open for the JPMorganChase Fintech Forward Programme, a new 12 week in-person and virtual accelerator designed to help fintech leaders realise their business vision.

Backed by JPMorganChase’s extensive network, the programme offers tailored support to help scale high-potential fintech companies across the UK.

Selected fintech leaders will gain access to a suite of resources designed to drive sustainable business growth. These include:

  • Executive sponsorship for a senior JPMorganChase leader
  • Mentorship from an experienced advisory team
  • A customised programme focused on strengthening a founder’s network and impact
  • Opportunities to present to JPMorganChase stakeholders, external investors and partners
  • A sponsored trip to Slush, one of Europe’s leading startup events, held in Helsinki

To reduce barriers to participation, travel, accommodation and other reasonable costs for in-person events will be covered by JPMorganChase if required.

The programme begins with two days at JPMorganChase’s Glasgow Technology Centre on 10th and 11th September 2025 with full-day in-person sessions in London every two weeks.  Virtual sessions every other week for between 3-4 hours per week. The trip to Slush 2025 takes place between 18th November and 21st November 2025.

Who should apply?

We are seeking applications from businesses that:

  • Apply technology to create scalable solutions within financial services.
  • Have a live product demonstrating market traction, with annual revenues not exceeding £1 million.
  • Show a commitment to making a positive impact on individuals and/or businesses in the UK.
  • Are dedicated to active participation in the programme.

We are actively encouraging applications from founders or business leaders who have encountered obstacles to growing their business, including a lack of proximity to funding and networks, and/or those addressing the needs of underserved consumers, businesses or communities.

Applications are assessed on a rolling basis, and early submission is encouraged. The deadline for applications is 27 June 2025.

Apply here.

Forging the Future of Financial Services: TSB Spotlight Innovation in Open Banking

Three fintech innovators, Sikoia, Credit Canary and Aperidata, have been named winners of the 2024 TSB Innovation Labs programme, a partnership between TSB and FinTech Scotland. This is a collaborative effort to shape the future of financial services through responsible use of data and technology.

Now in its fourth year, the Innovation Labs programme offers early-stage fintech firms a platform to explore real-world applications of their technology. With access to expert mentorship at TSB’s Technology Hub in Edinburgh, the cohort has worked over the last year to develop propositions that aim to improve customer experiences across banking.

The focus of this year’s winners is very much Open Banking technology to simplifies and accelerates customer support.

Sikoia is working to streamline finance applications, potentially reducing barriers for new customers. Meanwhile, Credit Canary and Aperidata are exploring solutions to improve credit scoring and accelerate lending decisions. All three firms will now develop proof of concepts in partnership with TSB, testing how their solutions might translate into practical improvements for customers.

The TSB Labs programme has previously seen success with fintechs such as Lightning Reach, which helps users access benefits and financial support through a single portal. Since its implementation, TSB customers have accessed over £160,000 (£500 per customer) in grants. Another alumnus, ApTap, has supported customers in saving more than £65,000 (£150 per customer) on broadband bills by helping them switch to better deals.

Speaking on the latest announcement, 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.”

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.”

The programme reflects wider themes highlighted in the FinTech Research & Innovation Roadmap 2022–2031, developed by FinTech Scotland. Central to that vision is the role of Open Finance and collaborative innovation in addressing societal, economic and environmental needs. The roadmap points to a future where fintech drives financial inclusion, better consumer outcomes and a more sustainable economy.