BNP Paribas launches UK FinTech Incubator with SuperTech

By Gloria Methri

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.

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.

Open for applications, 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.

The Innovation Lab is actively seeking SME businesses with a digital tech solution to this challenge, irrespective of their current market. 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.

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.

Stephen Hunt, CEO of BNP Paribas Personal Finance UK, said, “2023 was an incredible year for accelerating innovation at BNP Paribas Personal Finance UK so we are excited to be continuing our partnership with SuperTech and joining forces with STEAMhouse. For us to remain a leader in personal finance, we must open our minds and embrace new ideas to help us deliver better products, services and solutions for our customers and partners which is what this partnership is all about. I look forward to working with digital tech companies to explore various ways we can address data-led challenges in the financial services sector.”