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Amazon concludes its acquisition of the Indian lender Axio, expanding its fintech efforts.

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  • Amazon concludes its acquisition of the Indian lender Axio, expanding its fintech efforts.
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  • FCCPC recoups 10 billion naira for harmed customers after grievances against banks and fintech companies
  • The Japanese layer boosts AI finance tools with a $102 million increase.
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    FCCPC recoups 10 billion naira for harmed customers after grievances against banks and fintech companies

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    September 11, 2025

    The Japanese layer boosts AI finance tools with a $102 million increase.

    September 11, 2025

    The European finance sector urged the importance of placing explanations at the core of artificial intelligence systems to safeguard trust, compliance, and risk management.

    September 11, 2025

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    September 11, 2025

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Home » New Flooring Innovation Initiative Strengthens Collaboration with the Finance Sector
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New Flooring Innovation Initiative Strengthens Collaboration with the Finance Sector

2 Mins Read
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Financial Regulation Innovation Lab launching an ESG innovation challenge in 2025.
Fril’s new challenge promotes data-driven solutions for ESG compliance and sustainability in financial services.
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Financial Regulation Innovation Lab Unveils ESG Innovation Challenge with £50,000 Funding

The Financial Regulation Innovation Lab (Fril)—a collaboration between Fintech Scotland, the University of Strathclyde, and the University of Glasgow—has announced a new ESG-focused innovation challenge designed to drive positive environmental and social outcomes through data-driven solutions.

A £50,000 Opportunity for Global Innovators

In partnership with major financial institutions such as EY, Morgan Stanley, Lloyds Banking Group, HSBC, Barclays, Phoenix Group, Sopra Steria, Equifax, Virgin Money, and Abrdn, Fril is inviting innovative fintech firms worldwide to compete for £50,000 in funding.

The challenge focuses on leveraging data and discovering new data sources to tackle critical environmental, social, and governance (ESG) issues. Participating firms will be encouraged to develop cutting-edge solutions that align with emerging ESG regulatory requirements, ensuring their fintech innovations contribute to sustainable and responsible financial practices.

Collaboration with Industry Leaders

Over a three-month period, selected participants will have exclusive access to some of the world’s leading financial firms, gaining invaluable insights into operational challenges, industry best practices, and regulatory demands. With support from Fril and its corporate partners, these innovators will have the opportunity to refine their solutions and explore potential real-world applications within the financial sector.

Fostering Sustainable Fintech Innovation

Fril is committed to fostering cutting-edge financial innovation by bringing together industry leaders, academic experts, regulators, and fintech startups. This initiative will leverage the expertise of leading researchers in climate, data science, and financial technology from both the University of Strathclyde and the University of Glasgow, ensuring that participants receive top-tier academic and industry guidance.

Driving Responsible Financial Innovation

Nicola Anderson, CEO of Fintech Scotland, emphasized the importance of collaboration in shaping the future of fintech:

“This initiative highlights two key factors in driving responsible innovation—collaborative efforts that align with industry priorities and deliver positive outcomes. I look forward to seeing the real-world impact of this groundbreaking challenge.”

A Call to Action for ESG-Focused Fintechs

This challenge presents a unique opportunity for fintech companies to develop and scale solutions that balance innovation with sustainability and compliance. By participating, firms can contribute to the next wave of responsible financial technologies, ensuring that fintech continues to play a pivotal role in driving positive social and environmental change.

Applications for the £50,000 ESG innovation challenge are now open, inviting fintech leaders and innovators to shape the future of sustainable finance.

#FintechInnovation #ESGRegulations #FinancialCompliance #FintechSustainability #DataForGood #RegulatoryTech #SustainableFinance #Fril #UniversityOfStrathclyde #UniversityOfGlasgow #FintechFunding
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FCCPC recoups 10 billion naira for harmed customers after grievances against banks and fintech companies

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Amazon concludes its acquisition of the Indian lender Axio, expanding its fintech efforts.

September 11, 2025

Microsoft expands Copilot’s capabilities to sales, services, and finance.

September 11, 2025

FCCPC recoups 10 billion naira for harmed customers after grievances against banks and fintech companies

September 11, 2025
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