Financial Crime 360

Fraudsters are getting smarter. Deepfakes are fooling identity checks. AI is supercharging social engineering at a scale never seen before. In the payments industry, the question is no longer if your organisation will be targeted. It’s when, and whether you’ll be ready.

What Is Financial Crime 360?

Financial Crime 360 is the UK’s largest event dedicated to tackling financial crime, and it returns on Monday, 2 November 2026 at Old Billingsgate, London.

Organised by The Payments Association and supported by The City of London, the event brings together over 1,500 senior decision-makers from across the anti-financial crime ecosystem for a single, powerful day of insight, collaboration and action.

From banks and regulators to fintechs, law enforcement and solution providers, Financial Crime 360 is where the industry unites to shape the future of financial crime detection, prevention and defence, with voices from Google, Santander, Monzo, The FCA, Lloyds, Stop Scams and Revolut all taking to the stage.

Use our exclusive code to save 20% on your conference pass today: FintechScotlandFC360

The Themes Shaping the Agenda

Fraud & Scams Trends — How fraudsters are weaponizing new technology and what the Fraud Strategy 2026–29 means for your organisation
New AML Approaches — The latest UK regulatory changes and what the rise of AMLA in Europe means for your team
AI & Cyber Security — Real-world case studies on AI implementation and how criminals are turning the same tools against us
Customer Experience & Protection — Practical ways to better protect and support customers at risk of fraud and scams
Criminals’ Thinking & Methods — Deepfakes, coercion, social engineering — know how bad actors operate so you can stay one step ahead
Data & Intelligence Sharing — How cross-sector collaboration is already stopping fraudsters and how to scale it further
KYC & Digital Identity — Synthetic identities, digital onboarding and whether existing controls are still fit for purpose
Cryptoassets, Stablecoin & AML — Navigating the new crypto regulatory regime with robust AML and KYC policies
Geopolitical & Sanctions Risks — Managing PEPs, adverse media and the indirect impacts of global conflict on your sanction’s framework

What’s On At Financial Crime 360?

1,500+ Senior Decision-Makers — Network, benchmark and do business with the people who shape the industry, with face-to-face meetings pre-arranged via the event app, used by 96% of attendees in 2025
50+ Leading Solution Providers — Explore a packed exhibition floor showcasing the technologies and services driving the future of financial crime prevention
80+ Expert Speakers — Hear from voices including Google, Santander, Monzo, The FCA, Lloyds, Stop Scams and Revolut, alongside regulators, C-suite leaders, investigators and practitioners delivering strategic, actionable insight
Insights Theatre — Deep-dive sessions on emerging threats, regulatory shifts and market trends you can act on immediately
Not just a conference — Live Technology Demo Stage, Interactive Specialist Workshops, Peer Benchmarking Roundtables and lots more
Tap n’ Taste Catering Wearables — Eight hours of networking fuelled by great food and coffee throughout the day
Smart Event Networking App — Book meetings, build your agenda and hit the ground running before you even arrive

The Conference Pass — The Recommended Way to Attend

Want the full FC360 experience? The Conference Pass is the one to get. You’ll unlock all three content streams, 80+ expert speakers, and full app access, including the complete attendee list to supercharge your networking. You’ll also receive a wearable to spend across the Tap n’ Taste areas, plus full access to the exhibition floor and show floor theatre.

One day. Every angle of the industry. Don’t miss it.

Use our exclusive code to save 20% on your conference pass today: FintechScotlandFC360

Financial Crime 360 | Monday, 2 November 2026 | Old Billingsgate, London | The UK’s Largest Event Tackling Financial Crime

Find out more and sign up

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Boost for Scottish fintech cluster as Tesco Insurance & Money Services partners with FinTech Scotland

FinTech Scotland, the cluster management organisation, today announced a new strategic partnership with Tesco Insurance & Money Services to accelerate innovation and collaboration across Scotland’s growing fintech ecosystem.

Tesco Insurance and Money Services is a major UK provider offering a full portfolio of insurance products, including car, home, pet, life and travel, as well as gift cards and travel money. In the UK, it leads the gift card market, ranks second in travel money, and operates the third-largest ATM network with more than 3,400 machines across more than 3,000 Tesco and One Stop stores.

By joining FinTech Scotland’s 37-strong network of Strategic Partners, which includes leading financial services firms, academia, technology providers and public sector organisations, Tesco Insurance and Money Services will support initiatives that drive innovation, encourage collaboration and build cross-regional partnerships across the fintech ecosystem.

This collaboration will connect the business with leading innovators to help shape future customer propositions. It aligns with the company’s digital strategy to deliver greater customer value by continuing to strengthen its technology capabilities, following the sale of its banking operations to Barclays UK in late 2024.

The partnership also underscores Tesco Insurance and Money Service’s commitment to Scotland. The business serves more than two million insurance customers UK-wide and maintains business operations in Edinburgh and Glasgow.

Commenting on this partnership, Aleks Tomczyk, Chief Executive, FinTech Scotland, said: “We’re delighted to welcome Tesco Insurance and Money Services as a Strategic Partner. Their active participation in the community will help Tesco IMS innovate and bring even better services to customers. Tesco IMS’s specific customer focus and commitment to innovation will also add real value to our existing stakeholders.

The collaboration will further strengthen Scotland’s fintech ecosystem and support regional growth, reinforcing Scotland’s position as one of Europe’s most dynamic and collaborative fintech clusters.”

Darren Coomer, Chief Information Officer at Tesco Insurance and Money Services, said: “We’re entering an exciting new chapter for Tesco Insurance and Money Services, and joining FinTech Scotland is a natural next step for our business. It will help us tap into leading innovators, build new partnerships and keep delivering simple, rewarding and trusted services for customers. As we continue to invest in the technology and partnerships that will support our culture growth, we’re proud to play our part in Scotland’s fintech success, supporting growth and job creation.”

US-based InsurTech Corridor initiative to visit Edinburgh for FinTech Scotland Festival

A US and UK tech initiative designed to accelerate access for UK firms to the US has partnered with FinTech Scotland to bring US insurance technology experts to Edinburgh on 6^th and 7^th October as part of the FinTech Scotland Festival.

Launched in 2022, the InsurTech Corridor is a non-profit collaboration between the UK and Connecticut, which has already assisted more than 20 scaling UK insurtech, fintech, climatetech and legaltech ventures connect into the US insurance and financial services ecosystem.

Scottish tech firms will be able to meet the Hartford, Connecticut and Boston-based team at a meeting of fintech leaders hosted with the Scottish Business Network on the evening of 6^th October, as well as for one-to-one meetings during the Scottish Fintech Summit and the Scottish Financial Technology Awards at the EICC.

The six-strong US InsurTech Corridor delegation is led by chief business investment officer at the MetroHartford Alliance, Gene Goddard, and Mike Hendy, a former fintech executive and now senior trade officer at the British Consulate in Boston, who leads the support of UK tech firms in insurance, financial services and climate and regulatory markets.

Aleks Tomczyk, Chief Executive of FinTech Scotland said “The insurance market is a vital part of many tech firms’ US expansion plan, and we are keen to help showcase the support that Scottish tech firms can access at no cost via the InsurTech Corridor. We have a number of businesses in insurtech, as well as risk and climate tech ventures, that are targeting the insurance sector in the US, and we are keen to share this knowledge and connect any firms from the region with this US-based team.”

“We wanted to come and meet scaling insurtechs and fintechs from all over the UK, and we are excited to collaborate on events and hold meetings in Edinburgh. Many Scottish tech firms have huge opportunities in the US and within the insurance market in particular,” said Gene Goddard.

“Whether you are a pure-play insurtech, or a wider fintech, climate tech or legaltech, if you have an opportunity within the US market, especially in the huge insurance market, we want to see if we can help you make faster progress in the market over there,” added Mike Hendy.

Interested companies can register to meet the InsurTech Corridor team at the Scottish Business Network event on 6^th October, and request one-to-one meetings during the Fintech Summit at the EICC on 7^th October here. You can also join an informal gathering at Indigo Yard in Edinburgh. Find out more here.

SuperTech WM launches Open Innovation Lab to fight fraud through cross-sector innovation

Fintechs, lawtechs, regtechs, fraud-tech specialists and AI companies are invited to apply for the new programme.

SuperTech has launched the Open Innovation Lab: Fighting Fraud, a new innovation programme designed to bring together financial institutions, legal-sector organisations, fraud specialists, regulators, academics and technology innovators to address one of the UK’s most pressing challenges.

Confirmed partners include BNP Paribas Personal Finance, Equifax UK, Tipton & Coseley Building Society, Advance Credit Union, Clockwise Credit Union, Fieldfisher, HCR Law and Aston University.

The programme will focus on the following industry-led challenge areas:

Authenticating Documentation and Reducing False Positives
Enhancing Trusted Digital Journeys and Strengthening Fraud Resilience
Dynamic Customer Outcomes for Real-time Fraud Protection
Identity Integrity Across Distributed Access Channels
AI-Enabled Fraud Detection, Investigation & Response
Exploring Emerging Risks and Opportunities in Agentic AI

Developed in collaboration with industry partners, these challenge themes reflect some of the most significant fraud-related issues facing organisations today and provide innovators with the opportunity to address genuine industry needs.

Successful applicants will gain direct access to financial institutions, legal-sector organisations, fraud specialists, regulators and academics. Fintechs, lawtechs, regtechs, fraud-tech specialists, AI companies and other innovators will have the opportunity to better understand industry challenges, refine their solutions against real-world use cases and gain valuable insight that can strengthen product development, improve market fit and accelerate their route to market.

Hilary Smyth-Allen, CEO of SuperTech, said: “Fraud continues to evolve at pace, creating significant challenges for organisations, customers and communities. We’re bringing together innovators, industry leaders, regulators and academic experts to explore practical solutions that can strengthen resilience, reduce harm and improve outcomes for businesses and their customers.”

Rachel Burton, Head of Innovation and Proposition Development, BNP Paribas Personal Finance, adds: “Innovation thrives when different perspectives come together. This programme creates a unique opportunity for organisations across financial services and beyond to share insights, challenge thinking and collaborate on cutting-edge solutions that can strengthen fraud resilience across the industry.”

Nigel Lang, Chief Information Officer, Fieldfisher, also notes: “Fraud is a challenge that cuts across sectors, which is why this collaboration being driven by SuperTech is so important. Bringing together legal services, financial institutions, regulators, academics and innovators creates a valuable opportunity to share knowledge, learn from one another and explore practical solutions to emerging threats.”

The programme kicks off on October 13^th and will culminate with innovators presenting their solutions and insights to participating organisations, providing valuable feedback and helping them further refine their products, propositions and understanding of market needs.

Previous SuperTech innovation programmes have helped participating businesses gain valuable industry insight, strengthen their propositions and develop relationships that have gone on to support pilot projects, commercial collaborations and new market opportunities.

Applications for the Open Innovation Lab: Fighting Fraud are now open, with a deadline of Wednesday 30^th September. SuperTech welcomes applications from fintechs, lawtechs, regtechs, fraud-tech specialists, AI companies and other technology businesses developing solutions that could help organisations tackle fraud more effectively.

Find out more about the Open Innovation Lab: Fighting Fraud here.

Scottish Fintech Awards 2026 Finalists Revealed

The winners will be revealed at the EICC in Edinburgh on 7 October.

The finalists for the Scottish Financial Technology Awards 2026 have been announced, with organisations and individuals from across Scotland’s financial services and fintech ecosystem shortlisted for this year’s honours.

A total of 68 finalist places have been named across 12 categories, recognising achievements spanning fintech innovation, digital transformation, artificial intelligence, collaboration, leadership and social impact.

Among the organisations appearing across multiple categories this year are BlackRock, Level E Research, Frontierra, Legado, Malted and Lloyds Banking Group, while a range of startups and emerging companies will compete for the Best Start Up / New Entrant award.

The winners will be announced at the Scottish Financial Technology Awards ceremony at the EICC in Edinburgh on 7th October 2026, a key event in the FinTech Scotland Festival 2026.

Table bookings are filling fast, secure your place at one of the most prestigious nights in Scottish tech here.

The full list of finalists

Best Start Up / New Entrant 2026

Tokenive Ltd
MoneyHive
Galveston Group Ltd
URCASH Financial Platform Services UK Ltd
Digital Trust Centre
Agant Finance Limited

Fintech of the Year 2026

AutoRek
Aveni
BR-DGE
Graphene Platforms
InfinitX
Legado
Modulr

Social Impact 2026

Cherpa AI
Faciit
Husu
Soar Tech Ltd

Evangelist 2026

Megan Heaven, BlackRock
Aarron Martin, BlackRock
Will Mahood, JP Morgan
Nicki Bisgaard, PayTech Group
Gavin Littlejohn, Potion
Amirreza Sarencheh, Tokenive.io

Outstanding Leader 2026

Graham Carle, BlackRock
Vanessa Majnaric, Digital Trust Centre
Kevin Mitchell, Graphene Platforms
Alan Torrance, JP Morgan
Dr Sonia Schulenburg, Level E Research Limited
Nicki Bisgaard, PayTech Group

Best Fintech Collaboration 2026

Aberdeen Adviser & Woven Advice
Finspector & Snap Finance UK
Frontierra & Foresight Group
FNZ & Legado
Malted & Scottish Building Society (SBS)
NCR Atleos & Lloyds Banking Group
NatWest & Serene

Best Use of Data/AI 2026

Aberdeen
Aismov, BlackRock
docStribute
Frontierra
GAIL Network Ltd
Level E Research Limited
Malted
Miggins Ltd
Profylr
Stellar Omada

Climate & Environmental Impact 2026

CreditNature
Frontierra
Grand Bequest

Digital Transformation 2026

Aberdeen
BlackRock
Legado
Level E Research Limited
Lloyds Banking Group

Financial Services Innovation 2026

BlackRock
JP Jenkins
Lloyds Banking Group
Mylo from Aegon & Waracle

Financial Technology Partner 2026

CreateFuture & NatWest Group
Stellar Omada
Telefónica Tech UK&I & Money and Pensions Service (MaPS)

RegTech Innovation 2026

Aveni
docStribute
Encompass
Finspector
Level E Research Limited
Malted
Tokenive Ltd

The awards ceremony will take place from 6.45pm to midnight at the EICC on Wednesday 7 October, bringing together the sector to celebrate this year’s finalists and winners.

Book your table, half table or individual space for the Scottish Fintech Awards 2026 now.

View the full FinTech Scotland Festival 2026 programme.

Scottish fintech GiftRound, named one of ‘Nation’s Favourite Businesses’ for 2026

With over 1.2 million people helped and more than £12 million contributed across 172,088 group collections since inception, GiftRound is recognised nationally as one of 100 small businesses celebrated ahead of Small Business Saturday

A Scottish business that helps people collect money for group gifts, completely free of fees has been named one of the ‘Nation’s Favourite Businesses’ for 2026 by Small Business Saturday UK.

GiftRound, based in Bridge of Allan, near Stirling, Scotland, with team members based across Scotland and Cornwall, has been selected as part of the national campaign, which celebrates and champions small businesses across the UK, ahead of Small Business Saturday on 5 December.

Founded by Craig Forsythe in 2018, GiftRound makes it easy for groups to organise collections for gifts and special occasions, from leaving gifts and birthdays to teacher gifts, new babies, weddings, retirements and simply showing someone you care.

The national recognition comes as Small Business Saturday launches its 2026 campaign to showcase the ‘Nation’s Favourite Businesses’. This is a new format replacing the long-running SmallBiz100.

The businesses selected this year range from independent food and hospitality to makers, service businesses and innovative companies, reflecting the diversity of the UK’s small business community.

Craig Forsythe, Founder and CEO of GiftRound, says: “Being named one of the ‘Nation’s Favourite Businesses’ is a huge honour for GiftRound. As a small team of four, we’ve built the business quietly with plenty of determination and a genuine belief that bringing people together to show they care should be simple, joyful and free from any fees. This recognition feels like a wonderful vote of confidence in that vision, and we’re incredibly proud to represent Scotland’s thriving small business community on a national stage.”

GiftRound has recently expanded its ability to support group collections for local gift cards, working with Town & City Gift Cards across more than 90 UK towns and cities.

Michelle Ovens CBE, Director of Small Business Saturday UK, continues: “Small businesses have always been, and will continue to be, among the nation’s favourite businesses. Whether on our high streets, online or embedded in local communities, they play a vital role in the places we live and in the strength of our economy.

“This year’s Nation’s Favourite Businesses are a true representation of the UK’s most-loved small businesses. From independent, family-run cafés and local restaurants, to makers, services and traders, they showcase the incredible diversity of the UK’s small business community. We know how important small businesses are and the challenges they face, so as we kick off this year’s Small Business Saturday campaign, we’re urging the public to get behind them during the most critical trading quarter of the year.”

Dan Edelman, General Manager, UK Merchant Services at American Express, concludes: “Small businesses bring energy, innovation and character to our high streets and local economies. That’s why American Express is proud to have founded Small Business Saturday and why we continue to back small businesses to help them thrive.

“This year’s Nation’s Favourite Businesses are a brilliant showcase of the UK’s entrepreneurial spirit, and we’re delighted to be providing grant funding that will help two of these inspiring businesses invest in their next chapter of growth.”

Small Business Saturday is a grassroots, non-commercial campaign which celebrates small businesses and encourages consumers to support them, originally founded by American Express in the U.S. in 2010 (the principal supporter in the UK) aimed at celebrating and uplifting independent firms by encouraging the public to support and spend with small businesses.

The 2026 campaign will culminate on Saturday 5 December, with the campaign highlighting small businesses across the UK through social media, PR and its nationwide activity.

Small Business Saturday is the UK’s most successful small business campaign. A nationwide tour is planned for November, visiting towns and cities across the UK.

GiftRound is one of the fintechs in the FinTech Scotland community.

Scottish Fintech start-up MyPetCard launches an alternative to pet insurance

3 Scottish entrepreneurs are entering the fast-growing PetTech market with a proposition it says will reshape how owners save and pay for veterinary treatment.

MyPetCard has launched a prepaid Visa Card and online platform designed to help pet owners set aside money specifically for veterinary bills and other eligible pet-care expenses while retaining control of their unused funds.

Instead of paying non-refundable monthly insurance premiums, MyPetCard customers regularly load money onto their card. Those funds can then be used directly at veterinary practices and online pet pharmacies.

Any unused money remains the cardholder’s and can be withdrawn at any time, subject to the applicable account terms. If a pet dies, the remaining balance can be returned to the customer or retained to support the care of a future pet.

By regularly building a dedicated pet-care fund, comparing veterinary and medicine prices and retaining ownership of every unused pound, customers of MyPetCard will have a transparent way to plan for their pets financial planning from day one of joining.

Recent guidance highlighted some of the limitations owners can encounter with pet insurance. Routine and preventative treatments, age of the pet and pre-existing conditions are generally excluded, and, there is also a large increase in complaints to the Competitions Ombudsman* regarding policy limitations found in the small print.

Consumer disputes regarding pet insurance remain a significant issue within the market. According to recent data released by the Financial Ombudsman Service, there were 2,065 new pet insurance complaints lodged during the 2025/26 period, with a 41% uphold rate for resolved cases. Although this represents a slight decrease from the complaints filed in 2024/25, the volume of successful claims continues to underscore the ongoing challenges and limitations owners face.

MyPetCard provides a distinct alternative that is not insurance. By removing the need for a claims process or waiting for third-party approvals and eliminates the risk of rejections. Customers establish a dedicated healthcare fund for their animals, ensuring that their available money can be accessed immediately to provide greater transparency and most importantly care for their pet when they need it.

MyPetCard is not insurance and is not positioned as a direct replacement insurance. Instead, it provides an alternative financial-planning tool for people who want greater transparency and control over how they prepare for pet-care costs.

Customers joining MyPetCard will receive:

A prepaid Visa card for setting aside and paying money towards veterinary care and eligible pet expenses
Access to the 24/7 MyPetCard Vetline for veterinary advice
Optional access to interest-free and low-cost financing through a partner network of more than 2,000 independent veterinary surgeries, subject to status and lending terms
Local veterinary price-comparison services
A pet-medicine price search designed to help customers find competitive prices online

MyPetCard encourages customers to save regularly, helping them gradually build a dedicated fund for routine and unexpected veterinary expenses.

John Darlington, founder of MyPetCard, said:

“I wanted to create a simpler and more transparent solution that puts control back into the hands of pet owners. Having worked with veterinary practices and animal medicines for 20 years, I became increasingly frustrated by the dilemmas owners face sometimes having to choose between the cost of treatment and the care their pet needs.

“When two in three pet owners say they could not afford unexpected surgery and millions are already delaying veterinary visits because of cost, it is clear that people need another way to prepare.

“Insurance can provide protection, but exclusions,claim rejections, excesses, claim limits and rising premiums mean it does not always meet every owner’s needs. MyPetCard gives customers another option where there are no exclusions.

“As MyPetCard grows, we will continue developing membership benefits, price-comparison services and a supportive community for animal lovers.

“This could also have a positive impact on animal welfare. No owner wants to postpone treatment because they are worried about the cost. Building a dedicated pet-care fund—and having access to tools that help reduce costs—can provide valuable reassurance when treatment is needed.”

The UK pet-care market has expanded significantly in recent years, driven by increased pet ownership. However, the affordability of veterinary care and the complexity of insurance remain significant concerns for many households.

MyPetCard aims to address this gap by providing a transparent and flexible way for owners to plan for their pets’ future care.

The service has launched nationwide, with ambitions to expand into the United States and other international markets.

MyPetCard is now open for join up and active use across the UK at www.mypetcard.co.uk.

Keep reading
Read more news from the fintechs in our community.
Find out more about our fintech ecosystem.

Meet the fintechs driving responsible AI innovation in financial services

Fourteen fintechs have been selected for the latest Innovation Challenge run by our Financial Regulation Innovation Lab (FRIL), this time focused on Responsible AI. The challenge focuses on finding innovative ways to support financial services organisations to adopt and use AI in a responsible manner, while navigating regulatory expectations.

Throughout the challenge, the selected participants are working alongside leading global financial and professional services firms including Atos, Baillie Gifford, Barclays, BlackRock, CMS, Equifax, EY, Fujitsu, HSBC, Lloyds Banking Group, M&G, NatWest, PwC, and Sopra Steria.

These firms are engaging directly with the fintechs to explore solutions that address their needs around six use cases:

AI bias detection and mitigation
AI assurance and governance
AI agent defence and security
Ethical AI assessment and actionable risk intelligence
Intelligent complaints early-warning systems
Supervisory-ready evidence & reporting

Read on to meet the fintechs set to shape the future of financial services.

Amplified Global
Amplified Global turns AI risk assessments into quantified, actionable intelligence – providing assurance through deterministic scoring, structured audit trails and supervisory-ready reporting used and trusted by regulators and enterprise firms, creating good outcomes.

Aveni
Aveni is an AI platform for regulated financial services. Their FinLLM technology powers compliance, wealth, and advice solutions that help firms meet FCA standards, reduce risk, and increase productivity – built specifically for financial services.

Bigspark
bigspark is a UK data, AI and engineering consultancy working across financial services, energy and the public sector. They also own Aizle, a synthetic data platform, and PRISM, an AI governance platform, both built to help firms deploy AI safely and defensibly.

ClearSky
ClearSky is a Scottish software engineering partner and Tech Enabler. They help UK businesses eliminate operational bottlenecks, modernise digital capabilities, and innovate safely in regulated sectors with bespoke, high-impact enterprise software and AI solutions.

Cyber Thistle
GAIA – Gender Adjusted Investment App is a responsible AI wealth engine that eliminates gender bias in financial planning. It accounts for career pauses, pension gap, and healthcare costs to deliver bias-mitigated wealth roadmaps for women.

Finspector
Finspector keeps financial promotions compliant at scale. They convert regulatory requirements into automated checks that monitor websites, social media and advertisements for promotional risks, catch issues in real-time, and generate audit evidence automatically.

HollandTech – AltairaLabs
AltairaLabs is the product brand of HollandTech, an Ayrshire-based company. They make AI agents governable for regulated industries: PromptPack, an open standard describing what an agent is, and Omnia, a platform that controls and evidences what they do.

Kallidin
Kallidin’s Autonomous Data Office attacks every assumption and decision it makes, and stores every one; the code it ran, the variables it used, the logic it applied – so every answer is auditable end to end.

NestEgg
NestEgg, founded 2018, gives credit unions the tools to grow: a Decision Engine, Loan Matching service for their websites, and a Broker Platform that connects them directly with banks and other problem spotters. They are FCA-authorised and ISO 27001 certified.

Nuggets
Nuggets is the trust layer for autonomous AI. They govern AI at the point of execution, making every agent action provable, auditable and compliant. Nuggets extends the IAM, PAM and cloud infrastructure enterprises already run, and is built for regulated environments.

Tikos
TIKOS® is a VC-backed, patent-pending AI assurance company. They access model internals in real time to detect and fix bias and produce regulator-ready audit trails against FCA Consumer Duty, PRA SS1/23 and the EU AI Act.

Tokenive
Tokenive delivers proof of provenance for data in agent-to-agent and agent-to-human networks. They bind cryptographic proof of origin to data including from private web sources with no API. The receiving party verifies in seconds, with no integration at source.

Verifoxx
Verifoxx builds trust in data and AI through privacy enhancing technologies and AI assurance. They enable secure data collaboration through privacy-preserving sharing and linkage, and help organizations ensure AI behaves as intended throughout its life cycle.

The Innovation Challenge gives these fourteen fintechs the opportunity to test their solutions in a safe, de-risked environment and to accelerate adoption by co-creating solutions that are market-ready and compliant.

Previous participants, like Amiqus, have gone on to secure contracts with leading global financial and professional services firms after engaging with them during the Challenge.

In September, the fintechs will pitch for funding and further support, and keep working with industry partners over the following months.

Keep reading

The Financial Regulation Innovation Lab (FRIL)
Case studies from previous FRIL participants

Modulr becomes the only non-bank payment service provider with direct access to all three major UK payment schemes

Modulr, the payments automation platform built to scale, has become a direct participant in CHAPS, the UK’s same-day high-value payment scheme, settling directly at the Bank of England. Modulr is one of the 260+ fintechs in the FinTech Scotland community.

CHAPS is a critical part of the UK’s payments infrastructure, enabling high-value, time-critical payments. In 2025 the system settled £93.9tn across a record 53.3mn payments, an average of £371.3bn every working day, according to the Bank of England.

As demand and transaction volumes grow, settling CHAPS payments directly at the Bank of England gives Modulr greater control over its payment flows and a more efficient service for customers.

This development also means Modulr is the only non-bank payment service provider (NBPSP) with direct access to all three of the UK’s major payment schemes: Faster Payments, Bacs, and CHAPS.

Myles Stephenson, Founder & CEO, Modulr, said: “Becoming a direct participant in CHAPS is a landmark moment for Modulr; we are now the only non-bank payment service provider in the UK connected directly to all three major UK payment schemes, which uniquely positions us in the market to provide a resilient payments automation platform that scales with our customers”.

Modulr has also just been named one of the world’s top fintech companies for 2026 by CNBC and Statista, a prestigious recognition that reflects the company’s growing impact and reputation on a global scale.

Modulr’s achievement is a testament to the ambition and capability within Scotland’s fintech community.