FinTech North has formed a new partnership with the digital sandbox provider NayaOne to build a marketplace for fintechs based in the North of England to test new solutions, showcase their capabilities, and access datasets.

The platform, which is expected to arrive this summer, will facilitate an environment for the FinTech North community to collaborate, build products and find customers.

The decision to launch the marketplace follows research conducted by FinTech North which found that 72 per cent of the region’s fintechs would value the presence of a regional directory, while 68 per cent are actively seeking collaboration and partnership opportunities.

The marketplace will afford engaging participants with access to publicly available and synthetic datasets, including consumer and business transaction data, and APIs via NayaOne’s data marketplace.

Once registered, each firm will have a tile on the Fintech North marketplace which includes a description of capability plus connection documentation to enable technical connections, helping members of the community collaborate with their peers.

Speaking on the formation of the new marketplace and the benefits of its newfound partnership with NayaOne, Joe Roche, engagement manager at FinTech North, explains how the partnership will “help to address two of the main business issues faced by northern fintechs and entrepreneurs,” being “access to data and establishing connections with established financial services corporates.”

Adding to this, Kris Dickinson, director of financial services at NayaOne, comments: “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 North is a foundation stone in that journey.”