The Financial Regulation Innovation Lab (FRIL) has announced the five organisations selected to receive grants following its latest Innovation Call. These grants will support the development and deployment of solutions that strengthen industry resilience, operational capability, and regulatory responsiveness.

The Innovation Call, developed in collaboration with FinTech Scotland, Supertech WM, the University of Glasgow and the University of Strathclyde concluded on the 2^nd of October at a Showcase Day.

Over a six week programme, innovators worked with Sword Group, NatWest, Morgan Stanley, M&G, Pinsent Masons, Tesco Bank, Aberdeen, KPMG, EY, Dudley Building Society, Tipton & Coseley Building Society and Unity Trust Bank, to develop, refine and adapt their solutions to real industry needs.

Following the showcase Day, five Scottish companies were selected to receive £50,000 each to develop their solutions further. These firms will continue to work with industry partners throughout the grant period to support their development.

Those firms are:

Profylr
Profylr builds intelligent, AI-powered solutions that connect the minutiae of regulation with firms’ data, transforming compliance from reactive oversight into predictive intelligence. Powered by their Information Genetics® proprietary technology, Profylr makes compliance live, linked, and undeniable giving firms the clarity, confidence, and control regulators can trust.

Ionburst

An intuitive, easy to use solution that secures data across Cloud and updates its security classification on demand, protecting it from threats like ransomware even when out of sight or control of its owner. Acclaimed by cybersecurity leaders as the “next essential building block in secure Cloud,” Ionburst delivers what no Cloud provider can, a unified secure Cloud.

HAELO

HAELO delivers automated global regulatory horizon scanning. It tracks changes across hundreds of regulators and millions of documents, distilling actionable insights, reducing manual burden, and helping firms stay ahead of regulatory changes.

Continuity2

Continuity2 Ltd is a provider of a multi disciplined software platform for operational resilience.  The platform includes business continuity, ITDR, enterprise risk and incident management.

Lupovis

Lupovis delivers real-time contextual cyber security threat intelligence enabled by a deception environment, providing early identification of advanced attacks and insider threats while reducing false positives.

Nicola Anderson, Chief Executive of FinTech Scotland, said: “Operational resilience is essential for a trusted financial services industry. Through the Financial Regulation Innovation Lab, we’re seeing fintech innovation directly address these priorities, shaping practical solutions that strengthen the UK’s financial infrastructure.

“The quality of collaboration between innovators, industry partners and regulators in this programme demonstrates the power of purposeful innovation.”

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The Financial Regulation Innovation Lab is part of the larger Glasgow City Region Innovation Accelerator programme. Led by Innovate UK on behalf of UK Research and Innovation, the pilot Innovation Accelerators programme invested £100m in 26 transformative R&D projects between 2022-25 to accelerate the growth of three high-potential innovation ecosystems – Glasgow City Region, Greater Manchester and West Midlands.

The programme was boosted by an additional £30m of public funding for 2025/26 spread equally across the regions.  Innovation Accelerators is piloting a new model of R&D decision making that empowers local partnerships to harness innovation to drive regional economic growth, attract private investment, and develop future technologies.