Innovation Calls
These industry-led calls bring together financial institutions, and innovators to develop solutions to key financial regulatory challenges. It starts with an industry described need and evolves through an open call for action. Solutions are developed through a collaborative programme and selected innovations will receive business support within a collaborative environment that fosters trust, encourages collaboration, and accelerates speed to market. Financial award of up to £50,000 are also available for relevant innovations.
Innovation Challenges
FRIL will deliver a series of practical innovation challenges. These challenges will bring RegTechs and organisations together to explore innovations responsibly, backed by our unique set of capabilities.
There are three types of challenges enabling different types of engagement and benefits for sponsors.
- Single challenge - Working with just your organisation, this challenge focuses on solving a specific challenge facing your business. You will work alongside several successful applicant RegTechs to tailor their product to your business and find the most appropriate solution.
- Industry Wide Challenge - Working with other partners, we will collectively collaborate to solve challenges faced across the industry. You will guide FinTechs and RegTechs to develop their solution to the problem and see first-hand the benefits of their product.
- Emerging Tech Challenge - Working one-on-one with FinTechs and RegTechs you will explore applications of an emerging technology, navigating innovation responsibly, and uncovering potential investments for a competitive advantage.
Participation in the challenge can unlock several benefits for partners