A coalition of leading financial institutions including Sword Group, Natwest, Morgan Stanley, Dudley Building Society, The Tipton, Unity Trust Bank, M&G, Pinsent Masons, Tesco Bank, Aberdeen and KPMG have joined forces to launch a UK-wide innovation challenge focused on strengthening operational resilience across the financial sector.

As part of the Financial Regulation Innovation Lab, a UK wide innovation call aiming to create an environment for collaborative innovation in order to tackle financial crime challenges is launched.