The Scotsman asks if FinTech could rival North Sea oil in Scotland and what Scotland could do to be a leader in the field and describing how the nation is positioning itself for the trend.
CityAM reported on the RBS / Entrepreneurial Spark FinTech centre opening in 2017.
There is tremendous local support and investment in the sector, such as the dedicated sector team at Scottish Development International.
In this Scotsman article Nick Freer comments that Scotland could be a front runner in the industry, and Encompass Founder Wayne Johnson says he’d start another FinTech company here, that Brexit woes won’t hold back the sector or the country.
Sharein is an example of a buzzing Edinburgh FinTech startup. Their revenues trebled last year alone, with the company reporting year-end revenue in the region of £700,000 to October 2017.
Another huge success story is FreeAgent, a Cloud-based accounting firm acquired by RBS for £53m.
Scotland’s #financial #services sector is growing at a faster rate than London’s, with 10,000 posts added in the past year, according to research by TheCityUK https://t.co/tw2jvn4pCS #ScotlandIsNow #investscotland
— Scot Enterprise News (@ScotEntNews) July 10, 2018