UK FinTech Trade Mission to Zurich and Vienna in January 2019
The 2nd annual UK Fintech Mission to Zürich and Vienna matches senior executives in Swiss, Liechtensteiner and Austrian banks, insurance companies and venture capital firms and the most innovative UK-registered fintech and cybersecurity start-ups to build mutually beneficial business relationships.
€30 million in signed business deals generated from the previous Fintech Missions to Switzerland and Austria.
FinTech Scotland’s Stephen Ingledew and FDATA’s Gavin Littlejohn will join the Zurich Mission.
Switzerland: a leading global centre for finance and fintech
”‹Why Switzerland? Because it is home to over 260 banks. It is also the largest global financial centre for international clients in cross-border wealth management. At the end of 2015, assets under management in Switzerland totalled £5trillion.
Why join us in Zürich? Because it ranked sixth in the 2016 Global Financial Centres Index and 2nd in Europe (after London). Because a third of Switzerland’s 260+ banks have their head offices here. Some 510 banking institutions are also represented in Zurich in one form or another. Representatives from financial institutions in Geneva will be present too. Like Zurich, Geneva is a significant global financial centre. It ranked 4th in Europe and 15th globally on the 2016 Global Financial Centres Index. Geneva’s financial centre comprises some 140 banks. It is also a major centre for asset management. All these financial institutions understand the need to provide innovative digital solutions for their customers. They eagerly await your applications!
Why Austria? Isn’t it more Mozart than Fintech?
”‹The companies which you are pitching to have an extremely high market share across Central and Eastern Europe (CEE). This means that, if they buy your products/services, you could immediately have a presence across upwards of 15 countries. In 2017, CB Insights ranked VC Speedinvest no. 1 most active Fintech VC in the EU, with a €100m fund dedicated to identifying the most innovative companies. Austria is a country of wealthy consumers, with GDP per capita of €38k (vs. €34k in UK). It also has the highest level of smartphone and internet access in the CEE region. The market for Fintech in Austria is projected to reach €588 million by 2020 and Fintech investments in the DACH Region (Germany, Austria and Switzerland) rank 2nd in EU after the UK. Limited domestic expertise means big opportunities for UK companies to get first-mover advantage in the market. Check out our video of last year’s event below:
Apply TODAY at www.ukfintechmission.com or contact pat.kunz@scotent.co.uk for further information.
REGISTRATIONS CLOSE 31. OCTOBER 2018
Shirley-Anne Somerville MSP welcomes Renovite Technologies’ plans for expansion
Shirley-Anne Somerville, the MSP for Dunfermline and West Fife MSP, met with senior members of staff and specialist developers at Renovite Technologies earlier this week to learn more about the businesses plans for expansion in the months ahead.
On October 1st, Ms Somerville was briefed by chief operating officer Jim Tomaney on Renovite’s plans for expansion and the payments software course the business is creating in collaboration with Fife College for the newly announced Fintech Skills Academy ’, which is scheduled to pilot in January 2019.
Earlier this year, an announced was made by the Scottish Government that Renovite Technologies received a £250,000 Regional Selective Assistance (RSA) grant from Scottish Enterprise for 28 new roles, three times the number currently employed by the payment specialist.
Jim Tomaney, chief operating officer, at Renovite Technologies said:
“We are grateful to Ms Somerville for her support and for taking the time to find out more about our plans for the business. It’s been a good year for us and we are looking forward to taking on a healthy number of new staff in the months ahead.
“In September, we launched Scotland’s first Fintech Skills Academy’ with Fife Council and Fintech Scotland which will be kicking-off in Fife College early next year. Today, we were able to give Ms Somerville a preview of what we are hoping to teach students and potential employees that sign-up to our specialist payments course, enabling them to hit the ground running.”
Dunfermline and West Fife MSP, Shirley-Anne Somerville added:
“As a growing hub of technology and innovation, it’s welcome news that companies are continuing to find new ways tap into Dunfermline and West Fife’s huge economic potential.
“Renovite’s growth plans, backed by their recently awarded Scottish Enterprise grant, will represent a substantial investment in the local economy, with the creation of new, highly skilled jobs.
“I’m delighted to see the company working with Fife College to help create new skills bases in our local area. Investing in young people will pay dividends in years to come, developing a workforce ready to take the lead in the fields of science and technology.”
Scotchain18 – not another blockchain event
THIRD ANNUAL SCOTCHAIN EVENT WILL FOCUS ON THE GRITTY ISSUES OF BLOCKCHAIN COSTS, COMPLEXITY, SCALABILITY, SECURITY AND PRIVACY.
Scotchain will once again be hosted at RBS Gogarburn in Edinburgh on 8th November and will ensure its not just another Blockchain event by tough talking on the challenges faced by industry in the race to embrace distributed ledger technologies.
MBN Solutions have proudly announced the line-up for their annual, not for profit, Blockchain event which will once again be hosted by RBS Gogarburn in Edinburgh. Unlike many Blockchain events which seem focused on the hype and hyperbole, MBN and Spiritus pride themselves in bringing Scotchain to life to help tackle the challenges and focus on the reality of how Blockchain can disrupt industry and bring about a step change in embracing disruptive innovation.
Susan Ramonat, Chief Executive of Spiritus Partners and event co- organiser said, “Each year, this event attracts some of the best speakers globally and this year is no exception. Scotchain always attracts world-class speakers, entrepreneurs and organisations who’ve got a ‘sleeves rolled up’ mindset. They’ll talk about what’s real and what’s actually happening. They also won’t pull punches about the hard challenges remaining to be tackled for blockchain to deliver value – to make good on its promise of transforming key elements of how enterprises, government, academia, and the third sector operate.”
Scotchain 18 will see this year’s event evolve to tackle challenging issues of how to get the most from this exciting and disruptive technology.
Chairman of MBN Solutions, Paul Forrest said “Attending Blockchain and practitioner events can be a lottery as the agenda often exposes much of the audience to little more than a Blockchain shop window’. Scotchain refuses to follow suit with a genuine desire to cut through the hype and hyperbole by assembling the world’s leading authorities on Blockchain and building an audience led agenda. With a focus on answering real questions about how to embrace such technologies, Scotchain will equip participants with valuable insight from those with genuine experience of bringing Blockchain solutions to the market.”
This year’s event will facilitate a deeper understanding of what Blockchain enables and supports – how it complements and extends the value of other disruptive technologies such as AI, machine learning and IoT, that are rapidly transforming our lives and society, and the extent of the regulatory environment in which it operates.
Kent Mackenzie, Deloitte’s Risk Advisory Leader for Fintech and RegTech stated, “The growth in interest and applicability of blockchain technology has gathered a huge amount of momentum over the last few years, with practical examples of this type of technology being used across a range of sectors from healthcare, to distribution, to financial services. This year I am particularly interested to explore the perspective regulators and policy makers are forming to ensure we set out a responsible yet conducive framework to allow more innovation to occur, but in a way that looks after the interests of the consumer and the end-user.”
Scotchain promises to be a gamechanger covering topics and subject matter ignored by most other events. With an agenda designed to challenge current knowledge and thinking and a panel session intended to provide deep insight, Scotchain 2018 is this year’s must attend Blockchain event.
Michael Young, Chief Executive of MBN Solutions said “Our event is open to all no matter what level of prior knowledge you have or from whatever sector you work in. As in previous years, there will be a healthy degree of networking and knowledge exchange between participants from across a range of sectors including fintech, healthcare, life sciences, manufacturing or energy; the arts, travel, tourism and entertainment. Whether you work in a hugely commercial business, the public sector, academia or a third sector venture, you will find something for you with our carefully assembled agenda.”
Equate Scotland launches a Careerhub designed to attract more women into science, technology and eng
According to the EY and Innovate Finance UK FinTech Census Report(2017) women make up only 29% of the UK’s FinTech sector and 17% of senior positions.
This is not surprising as both tech and finance have traditionally been male dominated fields. As such, these sectors have been limited in perspective and experience, but, the inclusion of more women and greater diversity in general offer fresh insights and ideas. After all, money and technology plays apart in everyone’s lives.
If you are able to identify a problem in the financial system and wonder how it can be improved through technology, FinTech may be career for you regardless of gender, age, race or background. But reaching a wider audience, especially for SME’s can be a challenge.
To address this Equate Scotland have launched the Careerhub. Scotland’s first job board specifically designed to recruit women into science, technology and engineering related roles.
Businesses are aware of both the economic and social benefits of having a diverse workforce, yet time and time again we hear employers say they would like to hire more women, they just simply don’t get applications from female candidates and this is reflective of their workforce. Yet, simultaneously employers say they can’t find people with the right skills.
Over the past 11 years, Equate have built up Scotland’s largest network of women in STEM and through speaking to our network we understand what women look for when applying for jobs. The Careerhuboffers employers advice on inclusive recruitment practice and tips on how to make their job description more appealing to female candidates.
Advertising through Equate offers companies an opportunity to be considered an employer of choice’ for women in STEM, demonstrating that they are actively taking steps towards creating an inclusive working environment.
We know there are qualified women in Scotland, but 73% with a STEM qualification leave their sector eventually. To attract and retain talent, employers need to ask why women are leaving and adapt their business model. There is no silver bullet to achieving gender parity in the sector but small consistent changes can transform culture and the perceptions of the industry.
As FinTech emerges as a leading sector for Scotland it has the opportunity to embed diversity from the beginning and contribute towards creating an inclusive, thriving economy.
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Fintech 2018 Summit: Connecting the Scottish Financial Technology Community
Scotland is home to a burgeoning financial technology scene; driven by an ecosystem of exciting Fintech start-ups, large FS firms, universities and public sector bodies, it has attracted almost £37 million worth of investment in the past decade.
Fintech is a highly competitive global industry and, although there are numerous challenges to be overcome, we have the right mixture of ingredients for this thriving sector to continue to go from strength to strength.
Heritage, innovation and skills
The country has a rich heritage of financial services and, outside of London, Central-Scotland is seen to have the most well-rounded financial and business services cluster in the UK.
Scotland boasts an impressive track record of innovation and invention, with word-class universities and a diverse skills base across critical related disciplines such as data science, cyber security, software development and entrepreneurialism.
And while the Scottish ecosystem may be dwarfed in scale by larger hubs in the US and China, for many the small size, close proximity of stakeholders and the cohesive nature of the ecosystem is perceived as Scotland’s greatest strength.
Networking and collaboration
Networking and collaboration are key to the continued development of Scotland’s tech industry. That’s why events, such as DIGIT’s fifth annual financial technology summit Fintech 2018are so important.
Fintech 2018 will explore the evolution of the financial services sector, from developments in established tier-1 firms to the disruptive innovators within the start-up community that are reshaping the FS market.
The summit is geared for senior technologists, business leaders, academics and investors from across the financial service landscape. The event will bring these key stakeholders together for knowledge exchange, discussion and cross-pollination.
Hopefully, these kind of events will help the industry to create the open, collaborative ecosystem required to ensure Scotland becomes a leading global Fintech hub.
Fintech 2018 will be held at Edinburgh’s Dynamic Earth on 19th and 20th September. For full conference details, visit https://www.fintech18.com/
FinTech Scotland announces Prudential UK as a strategic partner
FinTech Scotland is delighted to announce Prudential UK as a strategic partner.
Prudential UK, part of the UK and European savings and investments business of Prudential plc,is driving digital transformation and fintech innovation across a wide range of its long-term financial solutions to createa simple, modern savings and investment business focused on customers and financial advisers.
The strategic partnership with FinTech Scotland reflects Prudential UK’s strong ongoing commitment to playing a lead role in the digitalisation of financial services in Scotland and across the UK and is demonstrated by the opening of its new innovative, ground-breaking office hub in Edinburgh, for its Wealth Solutions business.
From its new Edinburgh office, the firm will drive digital and data innovations to create financial solutions for customers and independent financial advisers. It will bolster the broader fintech developments in Scotland by increasing collaboration with innovative entrepreneurs and develop opportunities for talent in order to accelerate the digital transformation of its business.
On securing the FinTech Scotland strategic partnership, Prudential UK’s Managing Director of Wealth Solutions, David Macmillan said: “In a short-period of time FinTech Scotland has assembled an impressive range of strategic partners which we’re delighted to be joining. Innovation through collaboration is the key to firmly establishing Scotland’s long-term fintech credentials and FinTech Scotland is uniquely positioned to help make this happen. The quality of the fintech community in Edinburgh convinced us to locate our new facility in the city and since doing so in May we’ve not been disappointed.
“We look forward to actively developing the already solid reputation of the community and relish the opportunity to work alongside our universities, government agencies and the other partners to foster entrepreneurial talent across the sector.”
With the pension savings, investments and wealth management sectors being so prevalent in Scotland, the partnership with Prudential UK was an important step for FinTech Scotland.
Chief executive Stephen Ingledew said: “We’re delighted to welcome Prudential UK as a new strategic partner who are very much leading the way to innovate in the pensions, investments and wealth management sectors with new technologies.
“I am hugely impressed with their ambitious plans and leadership in transforming financial services. Their appointment very much complements the other recently announced strategic partnerships and ensures we are reflecting the fintech opportunities across all aspects of financial services in Scotland and globally.”
Prudential UK is joining IBM, Equifax, Pinsent Masons, Deloitte, Dentsu Aegis Network and Sopra Steria as strategic partners to progress the development of the fintech ecosystem in Scotland and its Managing Director of Wealth Solutions, David Macmillan, will also join FinTech Scotland’s board.
Interview with Loral Quinn on being chosen for the Tech Nation programme
Well done Loral! What drove you to enter Tech Nation 2018?
We heard Eileen Burbidge’s keynote when we were pitching at EIE this year – as a Monzo investor, and with Sustainably’s beta being available for Monzo Bank customers, there were clear synergies with what we were doing at Sustainably, so we really wanted to meet her. We were very excited to pitch our idea to Tech Nation, with access to incredible judges including Eileen, who we want to help us on our journey.
It’s been a great year for Sustainably it terms of industry recognition. How do you explain it?
It’s been a positive year for us as a business, winning a number of industry awards, and meeting Richard Branson, who even wrote a blog about us! There is a real shift towards more social responsibility and sustainability in business, and a rise in ethical consumerism, and that fits in perfectly with our mission. We’re also seeing a lot of charities hire innovation managers, who are coming to us to help them to engage and attract new audiences through our technology.
It’s not the first time you’ll be travelling to the US, how important is it for fintechs to develop an international network?
Our growth strategy for Sustainably is very much international. The US is a key market for us and we’re looking to build our partnerships there for international growth.
What does entering this programme mean for Sustainably?
The Tech Nation fintech programme will enable us to connect with other fintechs for peer learning, and access entrepreneurs in the fintech eco-system who can help coach and mentor us through our next growth phase. For us it’s all about learning, to enable us to create products people love and make more positive impact in communities.
What does the end of the year look like for you?
We need to be laser focused on product, so that’s our key priority, as is onboarding additional members of the team and our pipeline of good causes. We hope to make some major announcements soon in terms of partnerships, and we’ve got some great people lined up to join the team.
What challenges do you hope to overcome thanks to Tech Nation?
We hope that by being part of Tech Nation it will help raise our profile, help us with our ambitions for international expansion, and connect us to a peer group to help us learn, partner, grow.
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