Playing our part in powering the growth of fintech in Scotland

Nucleus has been proud to be an active member of FinTech Scotland ever since our chief executive David Ferguson was first appointed to the role of fintech envoy back in December 2016.

We’re now excited to announce that David has been appointed as the first chairman of the FinTech Scotland board.

David says: “It’s a great privilege to have been appointed as chairman.

“Fintech is a massive opportunity for Scotland and I’m greatly looking forward to helping chief executive Stephen Ingledew 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.”

For the uninitiated, FinTech Scotland has been set up by the Scottish government, the financial services sector and the University of Edinburgh to ensure Scotland seizes the opportunities fintech has to offer.

Its ambition is to make Scotland a top five global fintech centre by 2020.

Alongside David’s appointment as inaugural chairman, FinTech Scotland has announced it is working with five global strategic partners to support the fintech ecosystem in Scotland.

These partners are professional services firm Deloitte, law firm Pinsent Masons, tech giant IBM, international digital media and marketing agency Dentsu Aegis Network, and fintech firm Sopra Steria.

FinTech Scotland chief executive Stephen Ingledew says: “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.”

Playing our part

David was first appointed by the UK Treasury as one of two regional fintech envoys for Scotland, along with Royal Bank of Scotland design and transformation head Louise Smith.

Their remit was to build regional and national networks to try and bring about more collaboration between fintech companies, government, investors and regional fintech hubs.

Reflecting on his experience recently, David said it’s been inspiring to listen and learn from other firms, hearing from both start-ups and more established businesses.

He added: “This is about creating a culture and a system that together with universities and the public sector, starts to answer the question of how do we, in the round, make Scotland a great place to do fintech.”

Categories: Chief executive.

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