Plan for a new Financial Services Skills and Inclusion Hub unveiled
SFE led the production of an industry-led Financial Services Skills Action Plan, alongside Skills Development Scotland, educators, third sector organisations, and the Scottish Government.
The plan was presented to Cabinet Secretary for Finance and the Economy, Kate Forbes MSP, and endorsed by the First Minister. It includes proposals to create Scotland’s first Financial Services Skills and Inclusion Hub, a virtual environment created, developed, and delivered by the industry through key partnerships, supporting the aim of filling 50,000 roles in the next three years.
The hub aligns with the Scottish Government’s recently launched National Strategy for Economic Transformation and will contribute significantly to accelerated economic recovery, the development of Scotland’s skilled workforce and promoting inclusive growth.
First Minister Nicola Sturgeon said:
“This is an important step forward in building Scotland’s status as a leading global financial centre in which people from all backgrounds want to work. We want to attract skilled people to come and work within our financial services industry as well as create a sustainable and accessible platform for them.
“We want people – whatever their age or circumstances – to see finance as an achievable industry to break into and not one that is only for a select few. That is why it is important we collaborate to ensure we’re doing everything we can to promote financial services across Scotland’s schools. By bringing together employers with educators we can identify talent as early as possible and open pathways which will benefit the sector and help us build a more inclusive labour market.
“This industry-led Skills Action Plan will support the development of Scotland’s skilled workforce, with the aim of filling 50,000 new roles in the next three years, and I welcome this alignment with the ambition we set out in our new National Strategy for Economic Transformation.”
SFE Chief Executive, Sandy Begbie CBE, said:
“We were delighted that the First Minister welcomed our Skills Action Plan as we launch our new visual identity and website. Our message this week is that finance is one of Scotland’s biggest assets. We have a truly unique, globally recognised financial services ecosystem here that is at the cutting-edge in terms of technology and innovation and offers real value and expertise to international investors. Supporting and enabling new pipelines of diverse talent is essential as we seek to build on these strong foundations and create more well paid, highly productive jobs and investment to benefit the whole of Scotland.”
Caitlin Cooke, Seconded Head of Skills and Talent, SFE, and Senior Manager, EY, said:
“This time last year we launched Scotland’s Financial Services Strategy which underlined our commitment to having a positive impact on society through leading the journey to net zero, supporting the economic recovery, responding to changing customer needs, and developing skills and inclusion. We are now putting concrete plans into place to make sure the aims of the strategy are delivered, working collaboratively with government, industry, educators and the third-sector to ensure the best possible outcomes for the sector while creating inclusive growth and fair, long-term prosperity for all.”
FinTech Research & Innovation for Climate Finance
The impact of climate change across the world is disrupting national economies and affecting lives. It requires urgent action from all to address the growing issue.
In its 2020 Global Risks report, the World Economic Forum highlights that the risk signals show the horizon for addressing climate risks has shortened. For the first time in the history of the report, the top five risks that it outlines are in a single category: climate environmental change’
In the Research & Innovation Roadmap, we use the term Climate Finance to describe the role that finance, technology and data can play in addressing the climate change crisis and powering a sustainable future.
The importance of Climate Finance
Enabling a more sustainable future was a prominent theme throughout the research for the development of the Roadmap. Throughout our analysis, the influence of finance together with the potential for exponential change through technologies was thought to be a powerful combination to help the necessary transition to a carbon neutral economy.
In the UK, financial regulators are aiming to influence positive climate outcomes through a series
of new expectations, rules and guidance. The Bank of England is working to encourage an early and orderly transition to a carbon neutral economy and to “play a leading role, through policies and operations, in ensuring the financial system, the macroeconomy, and the Bank are resilient to the risks from climate change and supportive of the transition to a net zero economy.”
The Financial Conduct Authority also has a sustainable finance strategy, aiming to build greater transparency and trust, developing guidance and tools to provide mutual support to address the challenges of climate change.
Climate Finance is a complex matter. Our research with FinTech Scotland showed that it connects many things, including:
- Investment
- Regulatory change
- Better data
- Advanced analytics
- A deeper understanding of consumer behaviours and consumer engagement
- A deeper understanding of new technologies, biodiversity, carbon, and carbon markets
The challenge ahead is huge. Nevertheless, the research behind the Roadmap pinpointed three priority areas where further FinTech research and innovation could advance progress by helping nations adapt to the impact of climate change, manage the risks of transition and lead to them becoming greener, more resilient and more inclusive. All three offer Scotland and the UK an opportunity to use strengths in research and innovation, and to build collaborative action across the FinTech and finance industry and the research community.
Priority areas in Climate Finance
Environment, Social, Corporate Governance (ESG) data.
Assessing the current situation and outlining the ambition for new data sources, clearer standards and advanced analytics to build greater trust and transparency in the sustainable claims made by finance and business.
- ESG reporting
- Investor confidence
- ESG data
- SME market
Carbon markets and carbon offsetting
Considering the role that each plays in realistically transitioning to a net zero low-carbon economy while exploring the technologies and innovation that could drive further progress.
- Voluntary carbon markets
- Carbon offsetting
Facilitating a net zero economy
Moving beyond finance-as-usual practices. Using innovation and technology to reinvent financial markets and stimulate the change needed to support a healthier planet.
- Investment decisions for net zero
- Circular economy
- Housing
- Insurance
- SME market
Roadmap next steps: Climate Finance
A range of proposed next steps are laid out in the published Roadmap, which specifically identifies 8 actions relating to Climate Finance, and categorises each into one of three phases over the next 10 years. These actions are illustrated in the graphic below. the report also references 25 different stakeholders who can support the implementation of these actions, which are broken down into research projects and innovation calls.
More information about FinTech Scotland’s Research & Innovation Roadmap can be found here, where the full Roadmap can also be downloaded.
Encompass appoints Steve Hadaway as Chief Revenue Officer
Encompass, the leading KYC automation platform, just announced it had appointed Steve Hadaway as its Chief Revenue Officer.
Hadaway joins Encompass after over 15 years in senior management positions at FICO. More recently, he was Vice President & Managing Director, EMEA, and drove the regional strategy, leading a team of 200 employees and serving more than 50 markets worldwide.
Steve Hadaway is taking on a very important role for the firm as he will head up its revenue-focused functions, including Direct Sales, Strategic Alliances and Marketing.
The news follows twelve months of significant growth in revenue and new accounts, including global banks, as well as the addition of specialist industry experts to the business across the UK, Europe, Asia-Pacific and the US.
Encompass also recently announced a capital raise of £25m. This will be used to accelerate its international expansion plans, which have included office openings in New York and Amsterdam.
Wayne Johnson, CEO and co-founder, Encompass, said:
“We are delighted to welcome Steve to Encompass. His vast experience of working with major financial institutions and steering impressive business growth will be invaluable as we continue to expand at a rapid rate.
“This will be a crucial year for us as we work to enhance our impact across all regions, developing our product and business to bring on new customers and better meet the needs of those existing to us, and we are pleased to have someone of Steve’s calibre join in this capacity at what is an incredibly exciting stage.”
Steve Hadaway added:
“It is such a thrill to be joining Encompass at this exciting stage of their evolution. They have built an extraordinary platform to help banks fight financial crime, ensure compliance and deliver enhanced customer experience through automated and digitised customer journeys.
“The numerous client successes to date have been impressive and I see a great deal of potential still for the business, and for our clients. It is also rewarding to be joining a company where growth is built on a positive culture of customer-led innovation, employee collaboration and empowerment. I am so excited to get started.”
Sainsbury’s Bank partners with FinTech Scotland to deliver better customer outcomes through collaboration
Today, FinTech Scotland announced Sainsbury’’s Bank is joining its group of strategic partners.
The strategic collaboration with Fintech Scotland will enable the supermarket bank to collaborate with innovative leaders in technology, helping to shape future customer propositions. This builds on the strategic digital emphasis of Sainbury’s Bank in recent years, including the transformation of operational systems and platform to best serve its customers.
The new Sainsbury’s Bank operating model has been developed to advance nimble and agile ways of working, creating the right environment for its technology team to innovate and integrate new fintech solutions.
The strategic partnership with FinTech Scotland will serve as a catalyst to accelerate change, deliver better outcomes for customers, and learn from the thriving Scottish fintech cluster.
Sainsbury’s Bank will also get involved in the work to progress the actions from the FinTech Research & Innovation Roadmap published by FinTech Scotland in March 2022. More specifically they will participate in projects around the theme of Everyday Personal Banking and SME Banking.
Commenting on this partnership, Nicola Anderson, CEO at FinTech Scotland said:
“Sainsbury’s Bank is an important and valuable contributor for the Scottish FinTech Cluster, and I am delighted it has joined the Fintech Scotland strategic partners. We’re looking forward to working with the team, learning from their experiences in building a digital bank and innovative mindsets, while supporting their future banking ambitions through fintech partnerships and actionable research.”
Simon Jacobs, Chief Operating Officer, Sainsbury’s Bank said:
“As we continue to look at how technology helps to take our business forward, and to deliver great propositions and products, for loyal Sainsbury’s and Argos customers, we’re delighted to be joining the FinTech Scotland cluster to play our part in ensuring Scotland seizes the fintech opportunity in terms of economic growth and job creation.”
Research & Innovation opportunity in Open Finance data
Article written by Julian Wells, Director at Whitecap Consulting
FinTech Scotland recently published its 10 year Research & Innovation Roadmap. Whitecap worked in partnership with the FinTech Scotland team to support the development of this roadmap, and is discussing the key outputs in a series of blogs. This blog focuses on Open Finance data, which is one of the four key strategic priority themes.
In the first blog in this series, we discussed the purpose, value and impact of a Research & Innovation Roadmap. In this blog, we discuss Open Finance data which is a strategic priority itself but also a facilitator of FinTech innovation in wider areas, and an enabler for the three other strategic priority themes in the Roadmap.
The other three themes are Climate Finance, Payments & Transactions, and Financial Regulation, each of which will be the subject of a subsequent blog in this series.
Open Finance data has the potential to significantly change consumers’ and businesses’ engagement with finance, and to deliver better outcomes. It spans the whole suite of financial products and services as we understand them today, including banking, savings, mortgages, pensions, investments, insurance, lending, and payments.
How can Research & Innovation support the development of Open Finance?
To help Open Finance achieve its potential, more leadership, actionable research, and innovation is required. FinTech Scotland’s Research & Innovation Roadmap sets out specific actions to help drive this opportunity ”“ through a collective approach that involves industry, innovators and researchers ”“ to create the future of finance.
Open Finance can create progressive change that will move the UK forward significantly, by moving beyond banking and asking other financial institutions (such as pension providers, asset managers and insurers) to enable customers to share their data with others.
This would open up a wider range of financial products and services to the transformative impact of third-party innovation through trusted data sharing. For consumers and businesses, it offers new ways to understand their finances, receive financial advice, and compare financial product features and prices.
Research and innovation are needed to facilitate the potential of Open Finance data, building economic growth and creating employment opportunities in high value sectors which in turn will make the UK an attractive destination for inward investment.
Furthermore, it will help us better understand, measure, and forecast the considerable impact that Open Finance could have on society and to shape future policy.
In the UK, one of the key enablers of research and innovation in Open Finance is the Smart Data Foundry (formerly The Global Open Finance Centre of Excellence), which has been established in Edinburgh to support the understanding and development of the capabilities of Open Finance. It has a leadership role in enabling the necessary research and innovation, and building confidence in Open Finance across the UK, and can encourage research and innovation by providing a highly secure environment that can host Open Finance data. The Open Finance data priority in FinTech Scotland’s Research & Innovation Roadmap supports and complements The Smart Data Foundry’s agenda.
Priority areas in Open Finance data
When developing the Roadmap, analysis highlighted three industry priorities that will benefit from more focused research and innovation on this topic. They involve shaping the future of:
Everyday personal banking and business banking
- Insights through Open Banking data
- Future banking business models
Long-term savings and investment
- Financial resilience and wellbeing
- Future living & the ageing population
Personal and business insurance
- New data and insights for insurance
- Data privacy
- Data ethics and governance
Roadmap next steps: Open Finance data
A range of proposed next steps are laid out in the published report, which specifically identifies 22 actions relating to Open Finance, and categorises each into one of three phases over the next 10 years. These actions are illustrated in the graphic below. the report also references 23 different stakeholders who can support the implementation of these actions, which are broken down into research projects and innovation calls.
Call out for FinTech companies to host four week summer internship
Does your company believe in supporting young people into FinTech? Are you looking to grow your future talent pipeline? Could you do with an extra pair of hands to support a project?
This summer CodeClan is launching the CodeClan Youth Academy (CCYA), a four week coding bootcamp followed by a four week internship in industry.
Sponsored by Baillie Gifford, this eight week programme takes place across July and August and aims to provide 10 young people aged 16 – 24 with programming skills used in industry.
During the bootcamp students will learn Front End Development skills and by the end will be able to make improvements and updates to websites and perform initial troubleshooting of front end bugs and issues.
Curriculum
CodeClan is looking for companies who are passionate about supporting the next generation of coders by hosting a paid internship in August, where students can use the skills they have learned in a real workplace setting.
The benefits of hosting an internship include:
- Introducing young people to the world of technology.
- Diversify your existing talent pool.
- Develop your future talent pipeline.
- Development opportunity for current staff.
We are flexible on how the internship is delivered, all we ask is:
- The internship starts on 1st August for a minimum of 100 hours (or 25 hours a week for four weeks).
- The intern is paid the living wage.
- The employer keeps in touch with CodeClan during the internship.
If you are a technology company who is passionate about supporting more young people into the sector and want to host a CCYA intern this August. Please get in touch with Aileen O’Hagan on aileen.ohagan@codeclan.com.
New business models in open finance to be analysed and judged.
Open Future World has launched a prestigious startup pitch competition to reveal some of the most interesting emerging business models in open banking and finance.
Six finalists will receive a complimentary ticket to the Open Banking World Congress in Marbella, Spain, on 24-25 May, where they will present their proposition to an all-star judging panel of industry experts, VCs and investors.
In addition, they will be interviewed on a live-streamed chat show to over 3000 viewers delegates from around the world attended. The winner will be announced at the evening party on the convention’s first day and will get to pitch on the keynote stage on day two of the conference.
“The last two years have been a hotbed for innovation in open finance. I come across so many impressive startups every week. Every one of them is harnessing open finance to transform the customer experience and make real improvements to our everyday lives.
The Open Banking World Congress will assemble leaders at the forefront of open finance from around the world into a dedicated setting over two days of keynotes, networking, discussions and collaborations. By bringing together new startups and seasoned open banking professionals, we hope to help enhance the potential of open finance and give promising startups the best chance of success.” says Marie Walker, Co-Founder of Open Future World.
To qualify for entry, startups must be in the open finance domain, be less than 3 years old and have received less than 3 million in investment.
Entries are open until 15th April with the 6 finalists to be announced on 22nd April.
To enter the free competition:
https://www.openbankingworldcongress.com/pages/startup-pitch-competition For all enquiries, please contact: georgina@openfuture.world
Open Future World
The leading source of information on progress in open banking and beyond. The Open Banking World Congress takes place in Marbella, Spain between 24-25 May.
https://www.openbankingworldcongress.com/
Quotezone FinTech Scholars Crowned
Financial comparison platform Quotezone.co.uk has announced the winners of this year’s Fintech Scholarship, an initiative designed to cultivate more diversity in the sector by encouraging students from outside the world of fintech to explore what it might offer.
Only one winner was chosen from Scotland – Kelsey Hunt, a second-year student at St Andrews University, who wrote Fintech and Small Business: a Dynamic Duo – explaining how fintech plays a vital role in small businesses. In addition, one winner was chosen from England – Ella Henry, a MPhil student at the University of Cambridge studying Biological Sciences, who wrote a piece entitled – Fintech in a finite world: The price of protecting our planet focusing on climate change and the role fintech can play in creating a sustainable future. Ella and Kelsey have both won a bursary of £1,000 to help with educational fees, such as textbooks and course materials.
With 15 universities teaching bespoke fintech courses, over 175 fintech startup success stories, and a wealth of investment opportunities from public, private, and academic investors, Scotland has been hailed as a global leading fintech hub. Stephen Ingledew from FinTech Scotland comments: “Encouraging participation from the diversity of young people across our communities will further spur fintech innovation in all aspects of our personal and business lives, thereby ensuring an inclusive approach to the economic opportunities ahead.”
British fintech firms continue to attract lucrative international investment, having just hit the multibillion-pound peak of investor interest in July 2021. In 13 UK cities, there are now at least ten fintech companies, estimated to employ nearly 53,000 people.
Marja Lahelma-Barnsley, Programme Leader for MSc Financial Technology at Manchester Metropolitan University, comments: “FinTech is reshaping the ways that financial needs are met. Man Met’s FinTech qualifications are built with a recognition that innovation needs new ideas even more than it needs new tech.
Greg Wilson, the fintech entrepreneur behind Quotezone.co.uk, comments: “Congratulations to our Fintech Scholarship winners, Kelsey Hunt and Ella Henry ”“ these insightful blogs were just two of many interesting entries in their year’s scholarship.
“It’s encouraging to see so many students proactively researching and discovering fintech ”“ from all educational backgrounds. Diversity is key to building an innovative team for the future. I studied Mechanical & Manufacturing Engineering and started my career as a Stress Engineer at Bombardier Aerospace before I created Seopa, now our brands CompareNI.com and Quotezone.co.uk are household names in financial comparison technology.”
Seopa has been recognised with six Deloitte Technology Fast 50 Awards, and has been awarded a Deloitte Best Managed Company Award each year for the past five years ”“ now a Gold Standard Best Managed Company since 2020. As a leading fintech employer, Seopa has been investing in recruitment throughout lockdown, with new fintech roles currently available.
Why should tech companies care about double fetch vulnerabilities?
Fintech companies are facing an increasing need to focus on cybersecurity. Whilst cyber-attacks are on the rise and necessitate the constant evolution of cyber-security solutions, very often the issues arise from known vulnerabilities within existing systems.
In this blog we’re exploring double fetch vulnerabilities.
The phrase ‘double fetch bug’ was first used by Fermin J. Serna in a post on the Microsoft Security and Defense Blog in October 2008, although the bug type had been known about for some time before this.
Double fetch vulnerabilities in C and C++ have been known about for a number of years. However, they can appear in multiple forms and can have varying outcomes.
As much of this information is spread across various sources, the whitepaper, draws the knowledge together into a single place, in order to better describe the different types of the vulnerability, how each type occurs, and the appropriate fixes.
There are two broad general types of double fetch vulnerability: those resulting from coding practices and those introduced by compiler optimization, referred to as a ‘compiler introduced double fetch’ below and in the whitepaper.
The two types of double fetch bug both have the same result, whereby an invariant exists involving two or more variables and one or more of these variables is modified without the invariant being enforced.
Since double fetch bugs can have varying causes, we must consider different solutions for the two different subtypes of double fetch.
- Double fetch bugs caused from accessing shared memory may be fixed by adding a check against the second fetch, eliminating the second fetch (where practical), or performing the check in a different manner.
- For compiler-introduced double fetches, the use of volatile variables is one possible solution to the double fetch problem.
In conclusion, double fetch bugs can result in privilege escalation vulnerabilities that can allow an attacker with a low privilege account to execute code with elevated privileges, although the exploitable vulnerabilities are a relatively small subset of these bugs.
To understand how to best protect yourself against these vulnerabilities, click here to access the full whitepaper from NCC.
Why is the FinTech Research & Innovation Roadmap so important?
Article written by Julian Wells, Director at Whitecap Consulting
FinTech Scotland, the cluster management body, recently published its 10 year Research & Innovation Roadmap. Whitecap worked in partnership with the FinTech Scotland team to support the development of this roadmap, and in the first in a series of blogs we discuss the fundamentals behind this important document.
FinTech is driving change in one of the most important parts of our economy. It presents a significant disruptive force in financial services, and will shape the future of the digital economy. It has the potential to radically change the way people and businesses engage with money, and to create a new financial system that is more effective and resilient.
FinTech Scotland’s Research & Innovation Roadmap is a 10 year plan which has been developed as an industry-led and action-focused tool to increase the positive impact of FinTech innovation across Scotland and the UK. It creates a framework and an environment to drive greater collaboration, and to build the connections that will enable responsible innovation for the future of finance.
The roadmap builds on foundations that were already established through the FinTech Scotland cluster, and sets out the cross-sectoral strategic priorities that ”“ through collective and collaborative action ”“ will shape the future of financial services, and enable Scotland and the UK to further advance FinTech innovation. It was published on the anniversary of the HM Treasury commissioned Review of Fintech led by Ron Kalifa OBE which set out a number of recommendations, including the opportunity for research and innovation to accelerate the development of cluster excellence.
Why do we need a Research & Innovation Roadmap for FinTech?
The financial services industry contributes £132 billion to the UK economy ”“ almost 7% of total economic output. It is an essential part of the full UK economy that enables prosperous outcomes for businesses and people across the UK. Its significance was highlighted by the Chancellor of the Exchequer in the recent HM Treasury report A new chapter for Financial Services’. Working with others across the economy, his vision is for “an agile and dynamic approach, one which enables those in the financial services industry to evolve and thrive as they embrace the new opportunities of the future.”
Research and innovation play a key role in the vision for the future of financial services in the UK and beyond. However, financial services and FinTech have, compared to other industries, generally not been aligned with the academic research communities. Recent analysis highlighted that research funding into these fields is as low as 3% of total UK funding1 for research and innovation.
In addition, there is a general acknowledgement in financial services, FinTech, and the academic community that current engagement has had a relatively narrow focus. The result is limited exploration of research and innovation, which means an important part of the economy is not fulfilling its full potential.
There is an opportunity to close the gap between the economic productivity of UK financial services and the current scale of UKRI investment in FinTech and financial services R&I. This can be achieved via more strategic and systematic collaboration, which can help develop the necessary FinTech innovation between the range of stakeholders. Importantly, this should be driven by a true desire for effective change, and by an industry-first real-world’ approach to the challenges ahead.
This work also supports the strategic HM Treasury Review of UK Fintech led by Ron Kalifa OBE. It recognises the value of collaboration, and the leadership that is needed to create the right conditions for FinTech to innovate, accelerate and grow.
How will the Roadmap be implemented?
The priority themes form the building blocks of the Roadmap are: Open Finance data, Climate Finance, Payments and transactions, and Financial regulation. In subsequent blogs in this series we will focus on each of these four themes individually.
The roadmap will be led and facilitated by FinTech Scotland. However, wider stakeholder participation is required to implement the R&I actions set out in this Roadmap.
Actions will be progressed through two key types of activity:
Unleashing Innovation: A series of Open Innovation Calls, using technologies and data to develop new and improved financial products and models.
A rollout plan will be developed to implement a programme of innovation calls. This will include developing a sponsorship proposition to maintain the commitment for an industry-led programme.
The initial steps for the Roadmap innovation calls include:
- Work with the Smart Data Foundry to start the implementation of the priority innovation calls identified in the Roadmap.
- Continue the work with industry stakeholders to refine a series of problem statements for each theme, ensuring industry value in the future solutions.
- Market the innovation calls across UK and international FinTech clusters, raising the profile of FinTech innovation in Scotland.
Actionable Research: Research, using technologies and data to create actionable insights that can be applied commercially using FinTech.
FinTech Scotland will engage with academic community in respect of the research topics proposed. FinTech Scotland will also engage with research funding organisations such as UKRI / Innovate UK to ensure this roadmap is fed into future funding calls.
The initial steps for research topic actions include:
- Work with university leaders to generate research briefs that directly respond to the actions identified in the roadmap.
- Establish relevant steering groups demonstrating collaboration across industry and the research community.
- Monitor and review progression (including a KPI scorecard).
Twice a year, the FinTech Scotland Cluster Management Board will measure and review the Roadmap’s progress of the Roadmap. This will be reported publicly to stakeholders in Scotland and the UK.
What will the impact of the Roadmap be?
In this blog we have outlined the requirement and benefits to bringing industry-led approach to research and innovation, but describing the impact the Roadmap can have on the Scottish and UK economy is perhaps the most compelling way to explain why this is such a vital document.
The overarching economic ambition for the Roadmap is to do two things:
- Create up to 30,000 extra jobs in Scotland.
- Increase economic value (GVA) by more than 330% ”“ from £598 million to more than £2 billion ”“ over ten years.
Taking a broader perspective, the impact of the Roadmap will be:
- To tangibly help improve lives for citizens, by tackling inclusion and health- related issues.
- To further develop Scotland as part of the UK in being a global engine room’ for FinTech and a desirable location for international FinTech companies.
- To drive innovation, supported by a world-leading reputation in regulation and compliance.
- To use Scotland’s and the UK’s natural strengths, making them a global enabler of greener’ FinTech.
A blueprint for the future
FinTech Scotland’s Research & Innovation Roadmap outlines actionable research and innovation activities that can help develop economic, environmental, and societal value for Scotland and the UK through FinTech. Successful implementation will require the engagement and co-operation of key stakeholders within the FinTech Scotland cluster, and stakeholders from across the UK and internationally. The Roadmap is the first of its kind in the UK, but the aspiration is that it has created a framework that other countries, regions or indeed FinTech sectors can learn from and adapt.
More information about FinTech Scotland’s Research & Innovation Roadmap can be found here, where the full Roadmap can also be downloaded.