FinTech Scotland has revealed the UK’s first research and innovation ten-year roadmap.
In Brief:
The Research & Innovation roadmap aims to boost economic recovery, drive growth and create jobs.
Over the next 10 years, over 20,000 FinTech related jobs will be created in the country.
Currently, FinTech innovation has a gross value add of £0.5bn in Scotland – the aim is to bring this to £2.1bn by 2030.
What does this mean?
The roadmap has been pulled together by the cluster body FinTech Scotland in collaboration with FinTech entrepreneurs, the financial services sector, academia, regulators, Government bodies and consumer groups. Four key strategic areas of innovation are open finance data, climate finance, financial regulation and payments.
Nicola Anderson, Chief Executive, who co-authored the Roadmap with Executive Chairman Stephen Ingledew, commented:
“The R&I Roadmap demonstrates how collaborative FinTech innovation can drive positive economic and social outcomes. I would like to thank industry, academia and all participants for their enthusiastic engagement and contributions in producing this action orientated Roadmap. As a dynamic tool, work is already underway with partners across the FinTech Scotland cluster and the UK.”
