Four Fintech Firms Share £200,000 to Help Develop ‘Responsible’ AI

Four fintech firms share £200,000 to help develop ‘responsible’ AI

“The tangible impact of what FRIL participants are building goes beyond the technology” – Eleanor Shaw, University of Strathclyde

Four fintech firms awarded £200,000 to develop responsible AI technology

FOUR fintech companies have been awarded a share of £200,000 to develop artificial intelligence tools for the financial services industry. The funding was awarded through the Glasgow-based Financial Regulation Innovation Lab (FRIL), a partnership between FinTech Scotland and the University of Strathclyde. Amplified Global, NestEgg, Verifoxx and Finspector will each receive £50,000 to develop technology […]

£200,000 awarded to four fintechs building responsible and explainable AI tools for financial services

Four fintech companies have each been awarded £50,000 to develop technology that helps financial and professional services firms adopt artificial intelligence responsibly, while meeting regulatory expectations. The £200,000 grant funding was awarded through the Financial Regulation Innovation Lab (FRIL), a collaboration between FinTech Scotland and the University of Strathclyde. Since launching in 2023, FRIL has […]