FinTech West collaborates with NayaOne to launch FinTech West Marketplace

By Nicky Godding

25 October 2022

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

For those who have no idea what a digital sandbox is, we googled and apparently it is "an isolated testing environment that enables users to run programs or open files without affecting the application, system or platform on which they run". Software developers use sandboxes to test new programming code. Cybersecurity professionals use sandboxes to test potentially malicious software.

The 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 FinTechs face.

The decision to launch the marketplace follows the boom in the demand for fntech 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 by being able to access publicly available and synthetic datasets via the NayaOne Data Marketplace and accessapplication 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 its 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, said: “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, aded: "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."

By Nicky Godding

Nicky Godding is editor of The Business Magazine. Before her journalism career, she worked mainly in public relations moving into writing when she was invited to launch Retail Watch, a publication covering retail and real estate across Europe.

After some years of constant travelling, she tucked away her passport and concentrated on business writing, co-founding a successful regional business magazine. She has interviewed some of the UK’s most successful entrepreneurs who have built multi-million-pound businesses and reported on many science and technology firsts.

She reports on the region’s thriving business economy from start-ups, family businesses and multi-million-pound corporations, to the professionals that support their growth and the institutions that educate the next generation of business leaders.