New digital sandbox and marketplace to guide UK Fintech innovation and collaboration
FinTech North has formed a new partnership with digital sandbox provider NayaOne to create a marketplace for fintechs based in the North of England to test new solutions, showcase their capabilities and access datasets.
The platform, which is expected to arrive this summer, will facilitate an environment for the FinTech North community to collaborate, build products and find customers.
The decision to launch the marketplace follows research conducted by FinTech North which found that 72% of fintechs in the region would appreciate the presence of a regional directory, while 68% are actively seeking collaboration and partnership opportunities.
The Marketplace will allow engaging participants to access publicly available and synthetic datasets, including consumer and business transaction data, and APIs through NayaOne’s Data Marketplace.
Once registered, each company will have a Fintech North Marketplace tile that includes a description of the capability as well as connection documentation to enable technical connections, helping community members collaborate with their peers.
Speaking on the formation of the new market and the benefits of its new partnership with NayaOne, Jo rockHead of Engagement at FinTech North, explains how the partnership “will help solve two of the biggest business challenges facing fintechs and entrepreneurs in the North”, namely “access to data and connecting with established financial services companies”.
Adding to this, Chris Dickinson, Director of Financial Services at NayaOne, comments: “Fostering innovation in financial services is at the heart of what we do at NayaOne and success requires collaboration and connection across all regions of the UK. The FinTech North marketplace is the cornerstone of this journey. »