FinTech focus groups set up to support the FinTech Scotland Roadmap

FinTech-Tables have announced a new FinTech event series focused on collaboration and stakeholder engagement.   

The engagement platform’s FinTech Research and Innovation Event Series 2022-23 is supported by FinTech Scotland and global law firm Pinsent Masons. They hope the series will play an important role in supporting the development and delivery of the recently published FinTech Scotland Research and Innovation (R&I) Roadmap. 

The events will provide a platform for discussion that will continue to support an industry-led approach to research, innovation and impact across four main underpinnings of the roadmap; financial regulation, payments and transactions, climate finance, and open finance data. Key contributors will meet to examine actions outlined against each theme in roundtables and panel discussions. 

The opening event in September this year will consider the role of technology and data in financial regulation. 

The R&I Roadmap sets out the foundations to create 20,000 new FinTech-related jobs and increase economic value from £598m to more than £2bn in the next ten years, it is claimed. 

Scotland has more than 200 FinTech businesses that are driving growing levels of investment while creating high-value jobs. The finical services industry in the UK collectively contributes £132bn to the economy.   

Nicola Anderson, chief executive of FinTech Scotland, said: “This Roadmap event series continues to show the demand and ambition across Scotland to play a leading role in shaping the future of FinTech innovation and enable the future of finance that will serve the needs of citizens and businesses as we continue to see the digital economy grow and emerge.   

“FinTech innovation in Scotland is already demonstrating a future that can drive better outcomes for us all. By building more collaboration and embracing our strengths in innovation, finance, and technology we will continue to play a leading role in advancing finance across the world.”   

Yvonne Dunn, a partner at Pinsent Masons, said: “As FinTech continues to develop and advance it is disrupting global financial markets, but much needs to be done for it to affect genuine change. Put simply, innovation in technology combined with adapting attitudes and behaviours across society will be a catalyst to drive meaningful change.   

“As we look across the international landscape, Scotland will play a vital role in advancing FinTech given its financial heritage, the strength of its universities and an ingrained culture of entrepreneurialism.   

“The FinTech Scotland cluster is a demonstration of what can happen through collective action. This roadmap event series gives us a forum to move in the right direction and genuinely propel FinTech into a new era of innovation.” 

Ian Davey, founder of FinTech-Tables, said: “FinTech in Scotland is a movement and what makes this sector unique is the willingness and desire of the entire ecosystem to come together and work for the greater good of the cluster and people in Scotland as a whole.   

 “This first-of-its-kind event series will provide a platform for engagement around the FinTech Scotland Research & Innovation Roadmap and an opportunity for the industry to take action as a group to help shape the future of Fintech in Scotland through collaboration, innovation and inclusion.”