Aleks Tomczyk – CEO of FinTech Scotland

The Finance and Health Lab is a national programme led by FinTech Scotland, bringing together financial services organisations, fintech innovators, academics and public sector partners to explore how financial wellbeing and health interact in later life.

The innovation open call is designed to move beyond general discussion, creating space for evidence-led innovation, collaboration and practical experimentation that can inform future services, business models and policy.

As the population grows older, changes in health, income, care needs and financial complexity increasingly shape people’s wellbeing. Through this open call, applicants are invited to propose solutions aligned to priority challenge areas focused on improving outcomes in later life.

Industry partners

Innovators selected through the open call will have the opportunity to engage with participating industry partners:

• Sopra Steria
• Sword Group
• Aegon – Mylo

Priority challenge areas

The Innovation Stimulation programme is structured around a set of priority use cases reflecting pressing later life financial health challenges. Applicants should align their ideas to one or more of the following:

1. Predictive Financial Vulnerability Insights for Later Life
   Using health, behavioural and financial data to generate early warning insights that help identify when individuals may be entering periods of financial vulnerability due to health changes.
2. Healthy Ageing Scenario Simulation for Financial Planning
   Creating dynamic, personalised scenario planning tools that model the financial impact of later life health events — including longevity, income change and care transitions.
3. Data Quality and Ethical Data Sharing for Health and Wealth Insights
   Strengthening permissioned, ethically governed data flows between health, financial and public sector systems to support better later life services, improving trust, transparency and data quality.
4. Cross-System Care and Financial Navigation for Ageing Populations
   Helping people navigate fragmented ecosystems spanning health services, social care, pensions, insurance and benefits as needs evolve, reducing complexity and stress.
5. Empowering Later Life Financial Decision Confidence
   Strengthening confidence and decision-making, reducing anxiety and supporting long-term wellbeing through complex or high-stakes financial decisions.
6. Age-Friendly FinTech and Inclusive Digital Service Design
   Making digital financial services more accessible, trustworthy and supportive for older adults and those with health-related barriers.

Applications open 4 February and close 12 February.

Aleks Tomczyk, chief executive, FinTech Scotland, said: “The Finance and Health Lab open call is about practical progress – bringing innovators and partners together to explore solutions that can strengthen financial resilience and support better outcomes as people age.

“We’re looking for bold ideas grounded in real needs, with the potential to be tested and learned from quickly.”

Teams applying can access the application form and full open call details at:

https://www.fintechscotland.com/research-innovation/the-finance-and-health-lab/fhl-innovation-stimulation-open-call/