{"id":1399,"date":"2022-10-27T14:54:56","date_gmt":"2022-10-27T09:24:56","guid":{"rendered":"http:\/\/635a419cd41bc88ddc371599"},"modified":"2023-07-19T17:15:57","modified_gmt":"2023-07-19T11:45:57","slug":"the-uk-big-banks-bet-on-fintech","status":"publish","type":"post","link":"https:\/\/qistaging.com\/whitesight\/the-uk-big-banks-bet-on-fintech\/","title":{"rendered":"The UK Big Banks&#8217; Bet on FinTech"},"content":{"rendered":"The dawn of the digital age in the financial sector has paved the way for increased alliances between incumbents and FinTechs. In an attempt to bolster the UK\u2019s FinTech sector, FinTech Pledge, developed by the Fintech Delivery Panel with support from HM Treasury (HMT) as an initiative aimed towards creating a financial ecosystem by enabling enhanced collaboration between banks and leading FinTech firms, was launched in 2020. In 2022, the Big 4 UK banks \u2013 Natwest, Barclays, Lloyds and HSBC \u2013 have been busy walking the talk through their ecosystem-focused initiatives and are moving the needle on the Bank-FinTech collaboration mandate. Going after isolated partnerships seems to be a thing of the past for the UK High Street banks. The Big 4 have instead resorted to forming an ecosystem of FinTechs with an array of carefully curated alliances that help them unlock ecosystem orchestration at scale. The symbiotic collaboration mainly revolves around a few key ecosystem orchestration themes, including:i) Platform-as-a-Service, a utility-based model that allows clients to develop, run and manage banking applications in the cloud,ii) Banking-as-a-Service, the provisioning of banking products and services through third-party distributors,iii) Innovation Sandbox, brings a variety of FinTech collaboration opportunities through an efficient design [&hellip;] \t\t<div class=\"woocommerce\">\n\t\t\t<div class=\"woocommerce-info wc-memberships-restriction-message wc-memberships-message wc-memberships-content-restricted-message\">\n\t\t\t\tThis post is only available to members.\t\t    <\/div>\n\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p><span class=\"rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\"><\/span> <span class=\"rt-time\">4<\/span> <span class=\"rt-label rt-postfix\">mins read<\/span><\/span> The dawn of the digital age in the financial sector has paved the way for increased alliances between incumbents and FinTechs. In an attempt to bolster the UK\u2019s FinTech sector, FinTech Pledge, developed by the Fintech Delivery Panel with support from HM Treasury (HMT) as an initiative aimed towards creating a financial ecosystem by enabling enhanced collaboration between banks and leading FinTech firms, was launched in 2020. In 2022, the Big 4 UK banks \u2013 Natwest, Barclays, Lloyds and HSBC \u2013 have been busy walking the talk through their ecosystem-focused initiatives and are moving the needle on the Bank-FinTech collaboration mandate. Going after isolated partnerships seems to be a thing of the past for the UK High Street banks. The Big 4 have instead resorted to forming an ecosystem of FinTechs with an array of carefully curated alliances that help them unlock ecosystem orchestration at scale. The symbiotic collaboration mainly revolves around a few key ecosystem orchestration themes, including:i) Platform-as-a-Service, a utility-based model that allows clients to develop, run and manage banking applications in the cloud,ii) Banking-as-a-Service, the provisioning of banking products and services through third-party distributors,iii) Innovation Sandbox, brings a variety of FinTech collaboration opportunities through an efficient design [&hellip;] \t\t<\/p>\n<div class=\"woocommerce\">\n<div class=\"woocommerce-info wc-memberships-restriction-message wc-memberships-message wc-memberships-content-restricted-message\">\n\t\t\t\tThis post is only available to members.\t\t    <\/div>\n<\/p><\/div>\n","protected":false},"author":8,"featured_media":3877,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[100,88],"tags":[118,111,125],"hashtags":[],"class_list":["post-1399","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bank-fintech-collaboration","category-insights","tag-bankingtech","tag-market-map","tag-uk","membership-content","access-restricted"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.9.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The UK Big Banks&#039; Bet on FinTech - WhiteSight<\/title>\n<meta name=\"description\" content=\"The dawn of the digital age in the financial sector has paved the way for increased alliances between incumbents and FinTechs. In an attempt to bolster the UK\u2019s FinTech sector, FinTech Pledge, developed by the Fintech Delivery Panel with support from HM Treasury (HMT) as an initiative aimed towards creating a financial ecosystem by enabling enhanced collaboration between banks and leading FinTech firms, was launched in 2020. In 2022, the Big 4 UK banks \u2013 Natwest, Barclays, Lloyds and HSBC \u2013 have been busy walking the talk through their ecosystem-focused initiatives and are moving the needle on the Bank-FinTech collaboration mandate.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/qistaging.com\/whitesight\/the-uk-big-banks-bet-on-fintech\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The UK Big Banks&#039; Bet on FinTech - WhiteSight\" \/>\n<meta property=\"og:description\" content=\"The dawn of the digital age in the financial sector has paved the way for increased alliances between incumbents and FinTechs. In an attempt to bolster the UK\u2019s FinTech sector, FinTech Pledge, developed by the Fintech Delivery Panel with support from HM Treasury (HMT) as an initiative aimed towards creating a financial ecosystem by enabling enhanced collaboration between banks and leading FinTech firms, was launched in 2020. In 2022, the Big 4 UK banks \u2013 Natwest, Barclays, Lloyds and HSBC \u2013 have been busy walking the talk through their ecosystem-focused initiatives and are moving the needle on the Bank-FinTech collaboration mandate.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/qistaging.com\/whitesight\/the-uk-big-banks-bet-on-fintech\/\" \/>\n<meta property=\"og:site_name\" content=\"WhiteSight\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-27T09:24:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-19T11:45:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/qistaging.com\/whitesight\/wp-content\/uploads\/2022\/10\/The-UK-Big-Banks-Bet-on-FinTech.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sanjeev Kumar&nbsp;and&nbsp;Risav Chakraborty\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@WhiteSight_\" \/>\n<meta name=\"twitter:site\" content=\"@WhiteSight_\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sanjeev Kumar&nbsp;and&nbsp;Risav Chakraborty\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/qistaging.com\/whitesight\/the-uk-big-banks-bet-on-fintech\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/qistaging.com\/whitesight\/the-uk-big-banks-bet-on-fintech\/\"},\"author\":{\"name\":\"Sanjeev Kumar&nbsp;and&nbsp;Risav Chakraborty\",\"@id\":\"https:\/\/qistaging.com\/whitesight\/#\/schema\/person\/b60d017fd16c9a8f3949fb111e7a9054\"},\"headline\":\"The UK Big Banks&#8217; Bet on FinTech\",\"datePublished\":\"2022-10-27T09:24:56+00:00\",\"dateModified\":\"2023-07-19T11:45:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/qistaging.com\/whitesight\/the-uk-big-banks-bet-on-fintech\/\"},\"wordCount\":943,\"publisher\":{\"@id\":\"https:\/\/qistaging.com\/whitesight\/#organization\"},\"keywords\":[\"BankingTech\",\"Market Map\",\"UK\"],\"articleSection\":[\"Bank-Fintech Collaboration\",\"Insights\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/qistaging.com\/whitesight\/the-uk-big-banks-bet-on-fintech\/\",\"url\":\"https:\/\/qistaging.com\/whitesight\/the-uk-big-banks-bet-on-fintech\/\",\"name\":\"The UK Big Banks' Bet on FinTech - WhiteSight\",\"isPartOf\":{\"@id\":\"https:\/\/qistaging.com\/whitesight\/#website\"},\"datePublished\":\"2022-10-27T09:24:56+00:00\",\"dateModified\":\"2023-07-19T11:45:57+00:00\",\"description\":\"The dawn of the digital age in the financial sector has paved the way for increased alliances between incumbents and FinTechs. 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