UK Banks Publish Fintech Collaboration Toolkit
Several top UK banks and fintech firms have helped to craft a set of guidelines designed to improve engagement between fintech startups and financial institutions. The document has been jointly created by RBS, Barclays, HSBC UK, Lloyds and Santander as well as fintech leaders such as MarketInvoice, The ID Co., and iwoca, with the aim of addressing the issues that prevent fintechs and financial institutions from becoming successful allies. The new guidelines have been developed by the British Standards Institute and are publicly available. Source.