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Innovation
New innovation call on responsible AI
New innovation call on responsible AI
Innovation
Innovation Calls
Innovation Calls
The current phase of the programme will run until 2029 and we plan to run up to five innovation calls. Sign up to our newsletter or follow us on LinkedIn to keep up to date.
FRIL runs regular industry-led innovation calls. These bring together financial institutions and innovators from across the fintech community and beyond to develop new solutions to key financial regulatory challenges.
Selected fintechs take part in an innovation challenge, during which they work with leading global financial and professional services firms. They gain invaluable insight into real-world industry challenges and potential routes to market. They also get the opportunity to pitch for up to £50,000 in funding to further develop their solutions.
Previous innovation calls
- AI and compliance – Utilising emerging technologies to simplify compliance process and monitoring.
- Consumer Duty – Supporting consumer duty obligations and enhancing financial inclusion outcomes.
- Financial Crime - Addressing future challenges of financial crime.
- ESG - Meeting new regulatory requirements, leveraging new data and new technologies.
- Operational resilience – Strengthening operational resilience and future proofing against evolving threats.
- AGBR – Finding new ways to support consumers in making informed financial decisions, delivering more accessible and tailored wealth support, while staying within evolving regulatory expectations.
Knowledge
Knowledge exchange
Knowledge exchange
FRIL facilitates collaboration and knowledge exchange around the topic of innovation in financial regulation through a series of industry engagement actions, including:
- Insightful communications on innovation impacting regulation
- Workshops and discussion forums bringing together diverse participants embracing regulation innovation
- Roundtables to develop specific financial regulation innovation themes
- Innovation demonstration events, exploring potential partnerships for specific innovations
- International engagement activities to learn from global innovation developments
2026 Report
Three years on: collaborative innovation in financial regulation
Three years ago, there was no blueprint for the Financial Regulation Innovation Lab (FRIL). There was only a belief that large‑scale, collaborative innovation on something as complex and sensitive as financial regulation could work. Today, with a projected six‑to‑one return on investment, we’ve shown that it can.
Latest Financial regulation Case studies
Financial Regulation Innovation Lab (FRIL) Responsible Innovation Case Study: Ask Silver
Financial Regulation Innovation Lab (FRIL) Responsible Innovation Case Study: Inicio AI
Financial Regulation Innovation Lab (FRIL) Responsible Innovation Case Study: CienDos
Research
Actionable Research
Actionable Research
In 2023/2025, the Lab facilitated actionable research by integrating academic research with an industry–relevant agenda. This focused on enabling knowledge on cutting-edge topics such as generative and explainable AI, advanced analytics, advanced computing, and earth-intelligent data as applied to financial regulation. The approach has fostersed cross sector learning to produce a series of papers, actionable recommendations and strategic plans that can be tested in the innovation environment, in collaboration across industry and regulators.
Actionable research is realised through:
- Clearly framing complex problems
- Identifying new perspectives and discovering new insights
- Creating a framework for solutions and highlighting potential industry applications
- Utilising testing environments that enable further collaboration and understanding
Latest Financial regulation White papers
Risk Taxonomy as Governance Infrastructure: Adaptation, Traceability and Industry-led Use Cases for Fintech Innovation
Building Pre-Commercial Challenge Spaces: Innovation Calls, Regulatory Adaptation and Productivity Pathways in Financial Services
AI Governance after MiFID II: Beyond (Mere) Technological Neutrality?
Skills
FRIL Skills Academy
FRIL Skills Academy
We have created a new platform to address skills gaps and support career development across financial and professional services and the fintech ecosystem.
The programme provides:
- Inspiring and challenging courses aimed at bridging the skill gaps
- Access to high-quality resources and guest lectures from across the industry.
Upcoming Financial regulation events
The World Conference of Banking Institutes
The 2nd International Online Conference on Risk and Financial Management
Fintech Meetup Europe
Latest Financial regulation News
Scotland invests £3.18m to fast‑track fintech growth, jobs and collaborative innovation
Morgan Stanley appoints Angela McCann as Head of Glasgow office
