FinTech West has announced a new partnership with global digital sandbox provider NayaOne, which will see the two organisations build a dedicated marketplace for Western FinTechs to showcase their capabilities, access datasets and test ideas.

A new, free-to-access digital marketplace by FinTech West and NayaOne, will be launching this autumn and, will provide an exclusive environment for the FinTech West community to collaborate, build products and find customers – directly responding to some of the challenges regional FinTech’s face.

The decision to launch the marketplace follows the boom in the demand for Fintech services across various industries that has opened up an avenue for profitable collaborations between various partners, and it is the proven successes of such collaborations that brought FinTech West and NayaOne together.  

FinTechs and financial services firms in the South West will benefit in two main ways: 

1.     Access publicly available and synthetic datasets via the NayaOne Data Marketplace. 

2.     Access application programming interfaces (APIs) and potential partners via the new FinTech West marketplace, and NayaOne's Enterprise Marketplace – the largest FinTech product and service marketplace in Europe. 

Once registered, each firm will have a dedicated profile on the platform highlighting their capabilities and the connections they seek. All users will also have access to NayaOne's Data marketplace to help the community test and validate solutions.

Stuart Harrison, Director at FinTech West comments: “The FinTech West Marketplace will add further opportunities for the community by providing for increased innovation in financial technology which can be capitalised on in multiple ways. Our partnership with NayaOne will help businesses in the local FinTech sector to thrive like never before.”

Kris Dickinson, Director of Financial Services at NayaOne, adds, "NayaOne is very proud to be partnering with FinTech West to support this dynamic community of FinTechs to build products and discover partners and clients. Fostering innovation in financial services is at the heart of what we do at NayaOne and success demands collaboration and connection across all regions of the UK. The marketplace for FinTech West is another step in that journey."