NatWest Group launches Fintech Growth Program, to help startups leverage the resources, expertise and networks of a large, established bank to help them grow and drive the bank’s innovation pipeline .
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NatWest plans to select five fintechs offering technology to solve specific problems in the payments space. 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 systems that can be deployed by the bank.
David Grunwald, director of NatWest Innovation, said: “This program leads the way in creating better outcomes for our customers. Working closely with UK fintechs and entrepreneurs strengthens our ability to focus on the future, while supporting the growth of the innovation economy.
To implement the program, NatWest is working with Aspire, a third-party consultancy specializing in organizing study programs and supporting the growth of startups.
Mark Brant, director of payments at NatWest, says the initiative will enable fintechs to work collaboratively with NatWest’s innovation team and the bank’s key decision-makers while benefiting from a scaling program organized and the possibility of building a meaningful network.
“Innovation and collaboration are fundamental to growth, especially in a challenging business environment,” he says. “This program champions NatWest’s innovation by working with fintechs to co-create solutions to lead the future of banking. »