FinTech Innovation Lab

The University of Manchester 2019 FinTech Innovation Lab, in partnership with the MSP Manchester Tech Incubator - January 23rd, 12-5.30pm.

The Manchester Innovation Labs offer a mechanism for effective engagement between businesses & academics, to co-develop research projects that address a business need. These offer a great opportunity to initiate new collaborative projects, access funding, and

This event is still open for registration from academic researchers, academic colleagues from any discipline who would like to participate, please contact Rachel.kenyon@manchester.ac.uk

What’s the purpose of these Labs?

Seed-funding is available to kick-start the best projects. These labs are a fantastic opportunity to develop new relationships that can unlock funding opportunities and demonstrate positive economic and social impacts from our research expertise. This short video was produced at the Lab focusing on Data Analytics held in April and gives a useful overview of how the day works and the value both academics and industry participants take from it: https://app.frame.io/v/74eb5a95-2e8a-495e-b8d0-5d1b8db217ee

What happens on the day?

  • Location - the workshop will be in the main meeting room of the MSP Tech Incubator on Oxford Rd, from 12.00 see Map location here.
    • The venue is walking distance from our campus, the closest train station is Manchester Oxford Rd, and the closest parking is 1 minute walk away on Chester St.
  • Timings – 12-5.30pm
    • Lunch will be provided on arrival and the first half hour is allocated for meet & greet with your academic team so please arrive promptly for midday, and let me know in advance if you have any dietary requirements, vegetarians will be well catered for.
  • Breaks and close - Breaks will be built into the day, exact timings will be provided on arrival. Pitching will be approximately 4.30 pm, followed by a final break for judging panel deliberations, and the winning project(s) will be announced by 5.30pm.

Workshop methodology:

Our Innovation Labs follow a facilitated process led by creative consultancy FutureEverything.

FutureEverything has expertise in designing and facilitating sessions, seminars and workshops using a range of creative tools to get participants exploring issues from unexpected angles and developing innovative solutions.

Tools to be applied include elements of FutureEverything’s ‘Open Prototyping’ framework

(Hemment, 2015). Drawing on over 20 years’ experience of facilitating large scale participation in digital culture, the Open Prototyping framework enables the development of successful collaborative working between teams drawn from different disciplines and background.

Teams will work through a process to define the problem/question à Generate solutions & feasibility matrix à Identify optimal solution à Pitch project idea to expert panel for seed corn funding.

Participating companies are:

VWFS: Volkswagen Financial Services (VWFS) provides Finance and Insurance services to customers across the Volkswagen Group in the United Kingdom, looking at how new Fintech applications will change personal finance provision.

Instimatch: Swiss-based money-market firm providing a new digital network for institutional money market lending, seeking to develop solutions in cross-border payments and intraday payments.

Horwich Farrelly: a specialist legal firm managing claims litigation in the general insurance sector, interested in utilising AI & ML to improve customer experience.

Aquila, An Equiniti Group Company: builds modern software solutions for businesses, pension providers and third parties that transform delivery of financial management, interested in positively affecting consumer behaviour in long-term savings and investment.