FinTech Scotland's FRIL awards £200k in grants to four fintechs for responsible AI adoption in financial services
FinTech Scotland and the University of Strathclyde, through the Financial Regulation Innovation Lab (FRIL), awarded £50,000 each to four fintechs building technology for responsible, regulation-compliant AI adoption in financial and professional services. The winners are Amplified Global, NestEgg, Verifoxx and Finspector, selected after a six-week Innovation Challenge with 14 participants and 13 firms including Barclays, BlackRock, HSBC, Lloyds Banking Group and NatWest. The Financial Conduct Authority took part to give early regulatory input. Since 2023, FRIL has supported 120 fintechs and awarded £1.35 million to 27 companies. This is funding and industry news with no security incident, vulnerability or threat activity described.
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FinTech Scotland's FRIL awards £200k in grants to four fintechs for responsible AI adoption in financial services
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FinTech Scotland and the University of Strathclyde, through the Financial Regulation Innovation Lab (FRIL), awarded £50,000 each to four fintechs building technology for responsible, regulation-compliant AI adoption in financial and professional services. The winners are Amplified Global, NestEgg, Verifoxx and Finspector, selected after a six-week Innovation Challenge with 14 participants and 13 firms including Barclays, BlackRock, HSBC, Lloyds Banking Group and NatWest. The Financial Conduct Authority took part to give early regulatory input. Since 2023, FRIL has supported 120 fintechs and awarded £1.35 million to 27 companies. This is funding and industry news with no security incident, vulnerability or threat activity described.