FinTech North News and Regional FinTech Developments

Applications for Lloyds Banking Group’s Launch Innovation Programme 2024 open now

FinTech North is delighted to share news from our partners, Lloyds Banking Group, that we think could be of great interest to the FinTechs and InsurTechs in our community.

Lloyds Banking Group are aiming to be the best bank for FinTechs and InsurTechs to partner with, as well as being the best bank for customers, now, and in the future.

To work towards achieving this aim, Lloyds Banking Group have now launched Launch 2024, a five month collaborative Innovation programme that offers rapid experimentation with access to subject-matter experts and free business masterclasses. The programme is aimed at ambitious companies and individuals who can solve one of Lloyds Banking Group’s five strategic business challenges, which includes:

  • Helping customers through their life moments
  • Helping customers with their everyday lives
  • Optimising customer experiences across channels
  • Leveraging technology to enhance internal risks and control
  • Increase customer understanding of their finances through gamification

Successful applicants will work with subject matter experts and dedicated Launch Programme colleagues to refine and test value propositions to solve key strategic business challenges.  These bespoke proposals will be pitched to the Challenge sponsors and senior leaders involved, giving applicants the chance to run a proof of concept in partnership with Lloyds Banking Group.

As part of the Launch Programme, companies have access to masterclasses that deliver expertise and advice to founders and wider teams to fuel individual and business growth. The sessions have been delivered to hundreds of high-growth businesses from Seed to Series C, by experts across Sales, Marketing, Hiring, Fundraising and Ops, to help teams scale quicker.

Launch 2024 will begin on the 5th of May, and concludes on the 20th September. The application window is open now, and will close on the 17th of April. For more information and to apply, click here.

Lloyds Banking Group has committed to becoming a leader in gender diversity and is supportive of the growth of companies owned and run by Black heritage business leaders. Lloyds Banking Group will actively target, welcome and support applications from women and businesses founded by people of Black, Asian and Minority Ethnic heritage.

When you submit your application, it will be reviewed by the Lloyds Banking Group Launch Innovation team, supported by GrowthBuilders. Each application is reviewed by the team and assessed against the relevant business challenge.  Lloyds Banking Group will provide feedback on applications received and expect to communicate outcomes by the 6th of May 2024.

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