Partnership extended to focus on FinTech innovation

Stephen Hunt, Hilary Smyth-Allen

Finance provider BNP Paribas Personal Finance has extended its partnership with SuperTech, as it looks to support the innovation of the financial services sector.

BNP Paribas Personal Finance is supporting SuperTech’s incubator programme on its second cycle, where it shares expertise with FinTech companies, for the benefit of the local economy and the sector.

Following the first programme, BNP Paribas Personal Finance has implemented digital solutions to solve complex challenges around data visualisation, automated underwriting and chatbots from collaboration with Fintechs.

As part of the global bank’s mission to transform the customer experience, the two new challenges requiring Fintech collaboration are open finance and new sources of data and insight. This follows developments in the wider FinTech industry, with attention turning to open finance, FinTech for good, and quantum leaps.

Commenting on the announcement, Hilary Smyth-Allen, executive lead at SuperTech said: “The demand led innovation programme embodies the value from serendipitous moments that stem from facilitated exchange of knowledge and ideas that produce brilliant outcomes.

“None of this is possible without anchor institutions taking the lead and so we’re very excited that BNP Paribas Personal Finance UK, as the originator of the first FinTech programme in Birmingham are returning for more challenges this year.
“In our role as regional representatives in the FinTech National Network and been part of UK Fintech Week, the challenges set by BNP Paribas Personal Finance UK couldn’t be more relevant.

“Through these new challenges, the organisation can share knowledge and gain insight from the West Midlands FinTech community — which is estimated to have around 11,000 employees, generating almost half a billion to the UK economy”.
Stephen Hunt, CEO of BNP Paribas Personal Finance UK, added: “After more than 30 years in this business, I can’t recall a more exciting time for the financial services sector. By engaging with FinTechs, we have the opportunity to explore and implement different ways of working, using data and technology to accelerate innovation.

“As a major employer in the region, we’re also looking to bolster our team in key areas such as data, digital and customer experience to support our growth ambitions.
“As 2023 marks our 50th anniversary, we’re planning big transformations in our digital, data and decisioning capabilities, to boost innovation within our business and help drive our partnerships forward. The SuperTech incubator programme, which transforms great ideas into reality, will help us achieve this by building on our already-existing innovative practices”.