Fintech Scotland says it will be partnering with Deloitte, Tesco Bank, Morgan Stanley, and ABRDN on its first innovation challenge. The inaugural innovation challenge, established in concert with the Financial Regulation Innovation Lab (FRIL), focuses on simplifying compliance by leveraging AI and other technologies. The initiative is funded by the UK government and its Innovation Accelerator program, which is administered by Innovate UK. Fintech Scotland will also be working with the University of Strathclyde and