Growing FinTech in Scotland
On the 12 May 2022 we were joined by guests from across the FinTech ecosystem in Scotland to discuss “Growing FinTech in Scotland”.
The event was kindly hosted by Data Talent Specialists, MBN Solutions, and we were joined by speakers from Fintech Scotland, Access Fitech, and Soar to hear from industry leaders about the challenges and opportunities for building and scaling a FinTech business in Scotland.
The main takeaways from the event included:
1) -The FinTech Scotland Research and Innovation Roadmap will form the industry strategy for the FinTech sector here for the next 10 years, with a focus on 4 key areas; Financial Regulation, Payments & Transactions, Open Finance Data, Climate Finance.
2) -There is no room for complacency from the cluster – Scotland must continue to push forward with more research, collaboration and innovation to continue the growth of the sector and to make Scotland the first choice destination for anyone who wants to scale up a Fintech business.
3) -There are still many challenges facing the industry, none more so than attracting and retaining talent. Small FinTech firms need to give consideration to how they can compete with larger financial institutions who are now starting to hire inhouse teams for their technology projects.