As global partners unveiled...
Nucleus CEO Ferguson to chair FinTech Scotland
FinTech Scotland has announced that Nucleus founder and CEO David Ferguson will be the first chairman of its board and that it has signed up a number of global strategic partners.
They are: professional services firm Deloitte, the legal practice Pinsent Masons, digital media and marketing agency Dentsu Aegis Network, and digital transformation organisation Sopra Steria.
FinTech Scotand CEO Stephen Ingledew said: “It is a privilege to be working with such world-renowned organisations who are committed to supporting Scotland’s fintech economy.
“Following many conversations with a range of large firms over recent months, these strategic partners demonstrated their commitment and market leadership which will support our aspirations and plans.
“We are currently in discussions with a view to confirming additional strategic partners in the coming weeks.”
Mr Ferguson has been promoting the sector since being appointed by the Treasury in December 2016 as one of two regional fintech envoys for Scotland to develop a greater level of co-ordination and collaboration between fintech companies, government, investors and regional fintech hubs.
Mr Ingledew said: “It was essential for us to have a highly respected fintech leader chairing our board and David, who has built one of the most successful businesses in the country managing over £14 billion on their wrap platform, ticked all the boxes and more.”
Speaking about his appointment, Mr Ferguson said: “It is a great privilege to have been appointed as chair of the FinTech Scotland board.
“Fintech is a fantastic opportunity for Scotland and I am excited to build on the great strides we have recently made to position ourselves as a global leader.
“The country should have a bright and prosperous fintech future ahead of it and I am greatly looking forward to helping Stephen and the team drive the sector forward and deliver meaningful action to help both start-ups to flourish and the more substantial financial services establishments to modernise.“
The strategic partners are joining Mr Ferguson, Scottish Enterprise and Edinburgh University on FinTech Scotland’s board. Additional board members will be announced soon which will include representatives from Scotland’s fintech community.
The appointments were confirmed this week at the joint Scottish Government and industry Financial Services Advisory Board (FiSAB) meeting chaired by the First Minister, Nicola Sturgeon and chairman of Scottish Financial Enterprise and CYBG, Jim Pettigrew.
At the meeting Mr Ingledew set out FinTech Scotland’s vision and strategy to make Scotland a top five global fintech centre by 2020.
Fintech Scotland has been established by the Scottish Government, the financial services sector and University of Edinburgh to ensure that Scotland seizes these fintech opportunities and achieves critical mass in the sector by encouraging financial innovation, collaboration and inclusion across the ecosystem as part of the country’s broader digital economy objectives.
The founding partners were the Scottish Government, Scottish Enterprise, The University of Edinburgh, HSBC, Avaloq and Lloyds Banking Group.
FinTech Scotland will act as a strategic enabler focused on leveraging the potential economic (i.e. productivity, business creation) and social (i.e. access to financial products and employment) benefits arising from becoming a leading global centre focused on data driven fintech innovation.