INNOVATION LAB TACKLES DATA-LED FINANCIAL SERVICES CHALLENGE
BNP Paribas Personal Finance has joined forces with SuperTech, in collaboration with STEAMhouse as the delivery partner, to unveil the Innovation Lab – aimed at addressing data-led challenges in the financial services sector.
In the rapidly evolving fintech landscape that delivers financial services in the UK, not all the best innovation starts from traditional fintech businesses or applications. Acknowledging this, BNP Paribas Personal Finance and SuperTech have renewed their partnership for a second year to establish an incubator programme dedicated to discovering digital solutions from a range of sectors to apply to challenges within the financial services industry.
Data-Led Innovation Challenge
Open for applications starting today, this year’s challenge focuses on harnessing external data and insights to enhance engagement with financial services customers, fostering mutual value and trust for the customer, the financial services provider (BNP Paribas Personal Finance), and any third-party data providers involved.
Seeking Digital Tech Applicants
The Innovation Lab is actively seeking SME businesses with a digital tech solution to this challenge, irrespective of their current market. Applicants must be willing to be present in Birmingham, West Midlands, for key touchpoints in the programme.
The Opportunity for Successful Applicants
Successful applicants stand to gain a multitude of benefits, including the opportunity to collaborate with BNP Paribas Personal Finance in cultivating a culture of open innovation and co-creation. The programme will culminate in the chance to showcase products and services to executives within the organisation as part of BNP Paribas’ “Innovation Week in May 2024.”
This fully funded programme offers comprehensive business support services, including a flexible co-working space from STEAMhouse, mentorship from senior financial services experts, investment pitch opportunities, and personalised 1:1 support. The Innovation Lab is designed to expedite the development of innovative ideas poised to revolutionise the banking and financial sector, enhance financial processes, and provide economic opportunities for emerging fintech businesses.
How to Apply
The application window for the Innovation Lab is now open and will run until 23 February 2024. To learn more and apply, visit: supertechwm.com/innovation-lab
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