BEGIN ARTICLE PREVIEW:
These are exciting times for the fintech industry. The UK’s fintech startups saw record levels of scaleup investment in 2019, coming in at £4.9 billion. With financial services playing such a key role in the UK economy, these startups are helping the country stay innovative and competitive.
This is especially true for Scotland and its developing tech sector. The number of Scottish fintech companies is estimated to have tripled from 2018 to 2019. Scotland’s financial services sector is the second largest in the UK, after London, and the financial sector employs around 7% of Scotland’s workforce.
With finance and tech accounting for such a significant slice of Scotland’s economy, the combination of the two sectors provides the talent needed to produce a range of exciting and disruptive fintech startups .
As the Scottish and UK economies face one of their greatest trials in the Covid-19 pandemic, financial technology will be vital to the recovery of both countries’ economies. The importance of fintech to Scotland’s financial sector will be explored at length in the Fintech 2020 Virtual Summit.
DIGIT has gathered together 11 of the UK’s hottest fintech startups to find out how they are changing the country’s financial services sector for …
END ARTICLE PREVIEW