COVID-19 – An update from FinTech Scotland

After 2 weeks of lockdown, Stephen Ingledew, chief executive of FinTech Scotland shares in brief the focus for the team in the current challenging climate.
The FinTech Scotland team focus has been on communicating with the fintech SME community on a daily basis and gaining insights on key needs and challenges through community surveys . We have appreciated the engagement and feedback which will drive our priorities in the coming weeks.
The surveys and ongoing conversations give us valuable intel about the impact of the Coronavirus on fintech SMEs and we're sharing this with Government agencies and our strategic partners to respond where possible with the required support.
As an example, we'd like to take this opportunity to highlight some of the ongoing resources available for fintech businesses:
  • Ongoing update by the Scottish Government on business support available. For question call 0300 303 0660
  • ScotlandIS  coronavirus hub with a number of resources to help tech businesses responding to COVID-19
  • Deloitte are also providing useful information and webinars on their hub
  • For legal assistance, Pinsent Masons are publishing content daily and are also running webinars
We're very aware that one of the biggest worries at the minute for fintech firms will be access to cash and access to customers. This is why we're still working on creating collaboration opportunities and we'll keep making the right introductions as and when relevant.

In the next few weeks we'll be organising virtual drop-in sessions for the Scottish fintech firms.

It is very uplifting to see at first hand the response of  Scottish Fintech Community in response to the epidemic such as adapting solutions to offer support , lowering cost to enable faster adoption as well as help with automation of critical processes. For example great to see initiatives by MODULR, DIRECT ID, FLOAT, AMIQUS, GIFTROUND and many more.
In this challenging and tough climate along with a very uncertain time, we're here if you need us so get in touch if you think we can help.
Stay safe
FinTech Scotland team.