THE FINANCIAL REGULATION INNOVATION LAB

The Financial Regulation Innovation Lab (FRIL) is an industry-led collaborative research and innovation programme focused on leveraging new technologies to respond to, shape, and help evolve the future regulatory landscape in the UK and globally, helping to create new employment and business opportunities, and enabling the future talent. Founded by FinTech Scotland in partnership with University of Glasgow and University of Strathclyde, SuperTech is collaborating to help expand the reach and impact across the UK.

FRIL provides an environment for participants to engage and collaborate on the dynamic demands of financial regulation, explore, test and experiment with new technologies, build confidence in solutions and demonstrate their ability to meet regulatory standards worldwide. SuperTech is supporting this mission in bringing West Midlands stakeholders and capabilities to contribute and benefit from this unique proposition through the open innovation calls.

The second cross-regions collaborative innovation call is focussed on addressing financial crime across the UK building on the successes of previous FRIL calls exploring the use of AI to simplify compliance and monitoring, technology to support new regulatory requirements for ESG and most recently Consumer Duty, driving positive outcomes for all.

OPEN NOW: INNOVATION CALL TO ADDRESS FINANCIAL CRIME ACROSS THE UK

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OPEN NOW: INNOVATION CALL TO ADDRESS FINANCIAL CRIME ACROSS THE UK *

CURRENT INNOVATION CALL

Join us to drive innovation to address financial crime in the West Midlands, and across the UK.

We are looking to hear from innovative organisations with creative ideas and trailblazing solutions dedicated to helping financial services companies tackle financial crime and fraud.

You will get the opportunity to work with a wide variety of financial services industry partners across the domain of financial crime and fraud. Our partners are BT, Morgan Stanley, Abrdn, HSBC, Lloyds Banking Group, TSB, Virgin Money, Barclays, Equifax, Fujitsu and Dudley Building Society.

Financial crime and fraud are complex challenges, and without collaboration one extremely difficult to tackle. FRIL is launching an innovation programme underpinned by challenge statements provided by leading organisations across financial, telecommunications and technology sectors.

We welcome applications from solutions that can solve the challenges put forward by the industry, with applications open to companies at all stages of development that can help tackle these complex topics.

APPLICATIONS OPEN ON 20 NOVEMBER 2024

APPLY NOW

Our industry partners have shared with us challenge statements they would like to see solutions explore, the key themes include: