Fintech strategy group to help Scotland capitalize on sector growth

Scottish Financial Enterprise (SFE) has announced the launch of SFE Fintech Strategy Group in Edinburgh in a move to help Scotland get benefited on the growth within the sector.

According to a London-based media, the new strategy group brought more than 30 leading figures in the fintech industry together with government and higher education representatives and met for the first time in the month of May.

“This is an exciting time to bring people together. I am looking forward to working with the group to take advantage of our close links and historic strengths and make the most of the opportunities fintech brings,” Graeme Jones, CEO of SFE said, as reported by City A.M.

More financial service institutions including Royal Bank of Scotland, Aberdeen Asset Management, JP Morgan, and Standard Life among others are rapidly expanding in fintech sector. Apart from this, specialists like Avaloq, the Swiss banking software firm, are also expanding its research and development facility in the country.

“The new strategy group will map out a five-year plan for fintech in Scotland to ensure we keep ahead of the game in this fast-paced environment. There are lots of things to consider. We must be alert to potential challenges but also quick to respond to the opportunities such new, innovative developments bring,” Jones added.

SFE will also host Young Professionals event on 15th September that will have a discussion on how young professionals can engage with the opportunities that fintech industry creates.

Scottish Financial Enterprise examines a range of policy issues which are of interest to the financial services industry in Scotland.  It works closely with governments at all levels to exchange information, provide advice and views and promote the work of the industry.