Latest recruit to digital team
Prudential UK signs up as Fintech Scotland partner
Stephen Ingledew: Prudential helping to lead the way (pic: Terry Murden)
FinTech Scotland has announced Prudential UK as its latest strategic partner, part of the company’s move towards a digital transformation of its business.
It has opened a hub in Edinburgh for its Wealth Solutions business from where it will drive digital and data innovations to create financial solutions for customers and independent financial advisers.
Managing Director of Wealth Solutions, David Macmillan, who will also join the FinTech board, said: “In a short period of time FinTech Scotland has assembled an impressive range of strategic partners which we’re delighted to be joining.
“Innovation through collaboration is the key to firmly establishing Scotland’s long-term fintech credentials and FinTech Scotland is uniquely positioned to help make this happen. The quality of the fintech community in Edinburgh convinced us to locate our new facility in the city and since doing so in May we’ve not been disappointed.
“We look forward to actively developing the already solid reputation of the community and relish the opportunity to work alongside our universities, government agencies and the other partners to foster entrepreneurial talent across the sector.”
With the pension savings, investments and wealth management sectors being so prevalent in Scotland, the partnership with Prudential UK was an important step for FinTech Scotland.
Chief executive Stephen Ingledew said: “We’re delighted to welcome Prudential UK as a new strategic partner who are very much leading the way to innovate in the pensions, investments and wealth management sectors with new technologies.
“I am hugely impressed with their ambitious plans and leadership in transforming financial services. Their appointment very much complements the other recently announced strategic partnerships and ensures we are reflecting the fintech opportunities across all aspects of financial services in Scotland and globally.”
Prudential UK is joining IBM, Equifax, Pinsent Masons, Deloitte, Dentsu Aegis Network and Sopra Steria as strategic partners to progress the development of the fintech ecosystem in Scotland.
Stephen Ingledew with Ava Tait and Jim Tomaney of Renovite (pic: contributed)
Skills academy launches
A consortium of international companies together with Fife Council, Fife College and Fintech Scotland, have joined forces to launch Scotland’s first Fintech Skills Academy.
The consortium, which includes Renovite Technologies and Ingenico Group, launched the academy at the premises of Paywizard in Kirkcaldy.
The aim is to provide a steady flow of highly qualified applicants for the growing number of specialist roles in Fintech in the region and to avoid the potential of a skills gap.
Core members of the consortium were joined by members of the public, including current students of the college, along with other local Fintech businesses that have expressed an interest in joining the Academy consortium
The Fintech Skills Academy syllabus is aimed at both young people about to enter work for the first time and adults with a background in IT wishing to upskill or retrain specifically for employment in financial technology environments.
Courses will be based on practical industry experience but taught in a structured learning framework, having been designed in a collaboration between Fife College and Fintech businesses.
Krystyna Marett of Fife College who is developing the course curriculums said: “We are launching the Fintech Academy with a Retail Card Business Course January 2019 for IT professionals already working in the payments industry. We are excited to be working with Fife Fintech employers to develop training for their sector.”
Subject areas will range from specialisms such as payment processing to systems testing, device certification and business domain knowledge, amongst others. The courses at the Fintech Skills Academy will be funded by partaking businesses with the potential for further support where applicable.