CleverChain, a leading RegTech company specialising in compliance and risk management solutions, is thrilled to announce its selection as the only RegTech participant in the prestigious 2024 Launch Innovation Programme by Lloyds Banking Group. The company has also successfully advanced to the “Craft” stage of the programme.

Being among a select group of innovative companies chosen to collaborate with Lloyds Banking Group, CleverChain will play a crucial role in addressing some of the bank’s strategic business challenges. This collaboration marks an exciting opportunity to explore cutting-edge solutions and experiment with new technologies alongside one of the UK’s leading financial institutions.

With support from Lloyds Banking Group’s subject matter experts and the programme’s innovation managers, CleverChain will focus on refining and testing its value propositions. The company will also develop bespoke proposals tailored to the bank’s specific needs, contributing to a range of strategic themes, including:

• Leveraging Technology for Internal Risk and Controls: Developing advanced technological solutions to enhance risk management and control systems within the bank.

• Increasing Customer Understanding through Gamification: Innovating ways to engage customers in managing their finances more effectively through interactive and gamified experiences.

• Supporting Customers through Life Moments: Creating personalised solutions to assist customers during significant life events, ensuring they receive the support and guidance they need.

• Enhancing Everyday Customer Lives: Providing tools and resources to help customers manage their daily lives more efficiently and effectively.

• Optimising Customer Experience Across Channels: Streamlining customer interactions across various platforms to improve satisfaction and overall experience.

“We are incredibly honoured to be selected for this programme and to collaborate closely with Lloyds Banking Group,” said Daniele Azzaro, CEO of CleverChain. “Our core principle has always been to understand and deliver value to our customers, and this opportunity allows us to do just that in partnership with one of the UK’s most respected banking institutions. We look forward to refining our solutions and crafting some innovative magic together.”