NatWest The group is preparing to launch its first Fintech growth program.
The bank said it hoped some of the participants would help drive its innovation pipeline.
NatWest plans to select five fintechs that provide solutions to specific problems in the payments space, which it describes as “an ever-growing problem in our increasingly digital world.”
Participating fintechs must be pre-Series A startups based in the UK and looking to scale their business ideas. Then, through ten weeks of workshops, mentoring and coaching, NatWest aims to work with these fintechs to co-create solutions to lead the future of banking.
David Grunwald, director of NatWest Innovation, said:
“This program paves the way to creating better outcomes for our clients. Working closely with UK fintechs and entrepreneurs strengthens our ability to focus on the future, while supporting the growth of the innovation economy.
Mark Brant, Director of Payments at NatWestsaid:
“Innovation and collaboration are fundamental to growth, especially in a challenging business environment. This program defends NatWestInnovation by working with fintechs to co-create solutions to lead the future of banking.
To implement the Fintech growth agenda, NatWest works with Aspire – a third-party consultancy specialized in organizing study programs and providing support that promotes the growth of startups.
The Fintech Growth Program allows fintechs to work in collaboration with NatWestThe bank’s innovation team and senior decision-makers while benefiting from an organized scaling program and the opportunity to build a meaningful network. The small cohort provides opportunities to connect, learn and network with other fintechs, coaches and NatWestThe dedication of the Innovation function, the bank said.
Fintechs interested in applying can visit the NatWest website for more information.