The Fintech Times | Tom Bleac | Dec 16, 2022 The ‘Fintech lab’ is designed to collaborate with companies that are fighting financial crime, helping finance a sustainable economy and more. EY also plans to launch a second hub in Edinburgh in 2023.

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EY’s new lab aims to become a “dynamic workspace”, tailored toward experimentation and rapid test-and-learn prototyping. Fintechs, potential investors, clients, established financial services companies, regulators and more will be able to use the labs to connect. Organisations will also be able to share information, brainstorm big ideas and develop real-world solutions to serve markets and customers more effectively. Mark Jannetta, the newly appointed head of EY Fintech Lab, is set to run both labs. Jannetta brings extensive experience leading complex transformation programmes. He also has 10 years of experience working directly with fintechs in the innovation space. Mark has joined EY from Barclays where he was head of Barclays’ fintech venture studio. Christopher Woolard, UK head of fintech at EY, explained the work the lab aims to do. He said: “Fintech is the future. We have clear and very ambitious plans to grow our fintech business in the UK. “Our overriding objective is to connect fintechs, established financial services players, potential investors and the official sector and collaborate to bring new products and services to market, further enhancing the UK’s reputation as a global leader in fintech.