The Open Up Challenge

I was very flattered to be asked, and delighted to be able to accept, to become one of the judges for the Open Up Challenge,  a £2.5m prize fund backing ambitious products that will help small businesses save time and money, find better services, reduce stress and discover the intelligence in their financial data.

The Open Up Challenge is run by Nesta’s Challenge Prize Centre, through Nesta’s wholly owned subsidiary Nesta Enterprises Limited.

The prize is backed by the Competition & Markets Authority (CMA), with funding from eight of the UK’s largest providers of SME banking: Barclays, HSBC, Lloyds Banking Group, RBS, Santander, AIB Group (UK) p.l.c, Bank of Ireland UK and Danske Bank. The Challenge forms part of a package of CMA remedies aimed at shaking up retail banking and sits at the heart of the UK's open banking agenda.