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Scotland showcases its strength with fortnight of fintech events

Scotland is focusing on its fintech future with a series of business events aimed at showcasing how the sector is driving innovation and the economy across the country.

VisitScotland Business Events has partnered with FinTech Scotland, a community of entrepreneurs, large financial firms, investors, students and fintech enthusiasts, to create ‘FinTech Scotland Fortnight 2018’ from 17-28 September. It aims to ensure Scotland’s place as a significant player in the global fintech movement, and attract talent, entrepreneurs and investment.

Scotland has a flourishing fintech sector, with diverse skills coming from its universities, a thriving tech sector and a history of attracting financial services companies providing a strong foundation for development. In 2017, Stratchlyde University’s Centre for Financial Regulation and Innovation launched the UK’s first fintech degree course; that year The University of Edinburgh also announced a partnership with Hong Kong-based cryptocurrency research and development company, IOHK, to create a $1m Blockchain Technology Laboratory. Stirling is home to the UK’s largest technology incubator, CodeBase; while Abertay University in Dundee is the only UK based university to offer an Ethical Hacking MSc, teaching ‘offensive’ Cybersecurity to identify and address security issues.

The fintech sector alone has attracted £37 million worth of investment over the last 10 years, and more than 50 fintech companies – from start-ups to listed companies – are now based there. Scotland was also recently named the best place in the UK to launch a start-up by Expert Market, and Edinburgh has been ranked second on a global quality of life survey by Deutsche Bank, further enhancing the country’s appeal.

Rory Archibald, Business Development Manager – Associations & Sectors, VisitScotland Business Events said: “Through these events we want to seize the opportunity to showcase Scotland’s fintech sector to the world. By doing this we hope it will act as a springboard to attract more business events into Scotland by showcasing this is the place to be for fintech. Scotland is already a significant figure in this sector but through this, and other collaborative efforts, it’s universities, government, businesses and entrepreneurs will come together to secure and grow its future.”

‘FinTech Scotland Fortnight 2018’ will encompass 18 conferences and meet-ups across Glasgow, Edinburgh and Stirling. VisitScotland Business Events’ own ‘Innovate the Nation’ event will return with a specially hosted fintech-themed event in Stirling with speakers from fintech Scotland, University of Strathclyde, Encompass Corporation and Sustainably.

Stephen Ingledew, Chief Executive, FinTech Scotland, said: “Creating Fintech Fortnight with VisitScotland Business Events’ team broadens our collaboration and allows us to be even more inclusive by sharing the fintech opportunities more widely. We are focused on growing the Scottish fintech sector by attracting more innovation, a diversity of people, greater investment resulting in enhancing our reputation as a leading global fintech centre.”