Swave to Get a Boost from Lloyds Banking Group

▤ Summary

Swave has won an Innovate UK open innovation challenge and will spend 12 weeks working from Lloyds Banking Group’s digital hub in London. The start-up is building an app that helps users spot discretionary spending and save small amounts toward financial goals. Lloyds will give Swave access to digital experts, product guidance, and feedback as the company prepares a pilot launch. The collaboration highlights how banks and fintech start-ups can work together to improve money management tools.

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