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Scottish Fintech Companies Wanted!

Brian Baglow

,

Stephen Ingledew: Fintech Customer Service, Fintech For All

Tech City’s Fintech For All Competition is open for another two weeks – and the organisation would love entries from Scotland’s fintech sector.

Tech City UK’s Fintech For All is a competition created to address the issue of financial exclusion and improve the financial capabilities of people in the UK.

The competition is open to companies of all sizes, across the whole of the UK – and it’s currently awaiting entries from Scotland. 65 entries have so far been received, none from North of the border.

Entries are encouraged from fintech companies which help people do any of the following:

  • Start actively saving and plan for the unexpected
  • Confidently manage money and track day-to-day financial transactions
  • Facilitate access to financial products through innovations in credit scoring and ID/address requirements
  • Understand and manage credit better
  • Identify and access more suitable financial products

The prize package includes:

  • Customer insight support from the Money Advice Service, worth at least £70k. The Money Advice Service will pay for an independent evaluation of the impact your service has on the financially excluded consumers you target, using world-leading insight frameworks and standards. This will give you detailed consumer insight and evidence that is likely to be helpful in attracting backers to your product. The insight will be published on the Evidence Hub run by the Money Advice Service, the leading insight exchange worldwide for organisations aiming to reduce financial exclusion and improve financial capability
  • For products that demonstrate strong positive impacts on consumers most in need, the Money Advice Service will be interested in discussing white-labelling opportunities. As context, the Money Advice Service has in excess of 8 millioncustomers annually
  • The Experian Spotlight Award, awarded by Experian to an entrant in any category and aimed at recognising outstanding concepts, products or services. This discretionary award will be designed in collaboration with the winner to accelerate and develop their innovation, and could include data support and/or services
  • Collaborate with Citizens Advice to further test and refine your product or service with access to target customers
  • Two complimentary tickets to Money20/20 Europe 2018 for each winner
  • Head of Financial Inclusion and Head of Digital Inclusion at Lloyds Banking Group to mentor winners
  • Expert mentoring sessions with Lloyds Banking GroupMoney Advice ServiceMustard Seed VenturesAscension VenturesBethnal Green VenturesToynbee Hall and others
  • Promotion across key financial services institutions
  • Exposure for your brand across Tech City UK website and social media channels
  • With more to come…

Entries are free and open until 20th October 2017. More information on the competition, entry criteria and frequently asked questions can all be found on the competition website.

 

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Brian Baglow

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