FinTech continues to grow-Lynne Darcey Quigley
Why is that so? With the acceleration of the digital economy and society, the Scottish fintech community will come together to address key business and social challenges, including how people and businesses manage, manage and supervise money. I guessed it.
In particular, technology has been used to democratize the financial operations of companies that have been lagging behind in adopting innovative technology over the last few decades, such as Scotland’s resolute SME community. As both businesses and consumers continue to gain more value from FinTech and how technology continues to shape our daily lives, this sector is moving in only one direction: astronomical growth. I don’t.
In addition to the many great initiatives and funding that are taking place today, there is no reason why this sector cannot be expected to continue to innovate and grow. Covid-19 pandemic.
For example, the Strength in Places Fund invests in research and innovation projects aimed at driving economic growth in certain parts of the UK. St. John’s Land received $ 23 million from the Strength in Places Fund and opened the Global Open Finance Center of Excellence (GOFCoE). It supports the development of technologies and education that help organizations leverage financial data to improve their lives and address challenges such as fair access to credit, property ownership and savings.
In addition, the fact that some major banks are headquartered in Scotland is doing well given the rapid growth of the Scottish fintech industry. Banks are known to have outdated technology stacks and processes, but have found that some banks are laying the groundwork to keep up with changing consumer behavior and expectations for banking services. .. Banks headquartered here in Scotland need access to many talents to take FinTech to the next level.
Scottish companies will certainly face difficult situations for some time to come, but collectively, we face these challenges head-on. A proud country, always a collaborative hive, and our tech community is no exception.
Sharing ideas and challenging the status quo is something the Scottish people are proud of. It plays an important role in helping the post-Covid economy move forward for this sector, such as financial services and fintech.
This article was first published by exbulletin.com