finance

FinTech Scotland develops business plan to grow digital economy



FinTech Scotland has unveiled its 10-year research and innovation roadmap.

The plan comes in response to the recommendations highlighted in the recent Kalifa FinTech Sector Review, which referenced Scotland as the second largest fintech cluster in the UK.

The roadmap will advance the FinTech Scotland Cluster in a number of ways, including:

  • Developing priority innovation themes such as financial inclusion, net zero and wellbeing.

  • Aligning research strengths and capabilities with innovation priorities and efficiencies.

  • Enhancing Scotland’s national and global reputation for fintech innovation.

  • Shaping innovation challenges and influencing future Government innovation strategies.

The roadmap is being developed in collaboration with the Global Open Finance Centre of Excellence (GOFCoE) and together they have appointed Whitecap Consulting to progress the initiative.

Nicola Anderson, chief executive of FinTech Scotland, said: “The roadmap will further advance and grow Scotland’s fintech cluster, bringing insight and specific focus to accelerate fintech innovation.”

Richard Coates, managing director of Whitecap Consulting, added: “The development of FinTech Scotland’s roadmap calls for us to utilise a combination of our core strength in strategy and planning, our extensive work across the UK’s regional fintech ecosystems, and our experience working with and connecting key stakeholders across public, private and higher education organisations.”

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