FinTech Scotland

Due to popular demand, Scottish #fintech Zumo are organising one last briefing session before Christmas on demystifying #MiCA #sustainability requirements for #Crypto Asset services providers. This 101 session will be conducted by our experts Kirsteen Harrison, Sustainability Director and Daniel Taylor, Research and Policy Lead. Thursday 19th December at 11am. https://lnkd.in/e3eZZjfV

Join Simran Singh from the Financial Conduct Authority and Lauren Cassells from FinTech Scotland for an interactive session on the 2024 Financial Inclusion and #AI in Market Abuse Surveillance TechSprints. This session provides a deep dive into how these flagship initiatives tackled pressing challenges in financial services, from improving access to financial products for underserved communities to deploying AI to enhance market abuse detection. Gain insights into the innovative solutions that emerged, the collaborative environment that fostered them, and the tangible impact of technology in creating a fairer, more inclusive financial ecosystem. Part of Cambridge SupTech Lab, hosted with the World Economic Forum as content partner https://lnkd.in/eMB2m63F #fintech #consumerprotection #moneylaundering #climaterisk

Harnessing the Power of AI in Financial Services According to Hays’ latest research, #AI is revolutionising the financial services industry—enhancing fraud prevention, personalising customer experiences, and optimising operations. But to fully unlock its potential, we must tackle a critical challenge: the skills gap. https://lnkd.in/eykTEhyP #FinTech #FutureOfFinance #Collaboration #SkillsDevelopment

We’re thrilled to share Financial Regulation Innovation Lab latest white paper, "Promoting Fairness and Exploring Algorithmic Discrimination," which delves into the transformative potential of Explainable Artificial Intelligence (XAI). As AI continues to shape financial services, ensuring fairness and mitigating algorithmic bias is more crucial than ever. This white paper explores: 1. The implications of algorithmic discrimination in financial decision-making. 2. The role of XAI in fostering transparency and accountability. 3. Practical steps for financial institutions to enhance fairness and inclusivity. Dive into this insightful resource and join the conversation about the ethical deployment of AI in fintech. Let’s work together to build a future where technology empowers fair and equitable outcomes for all. Read the full white paper here: https://lnkd.in/gfNMQQGm #FinTechScotland #ArtificialIntelligence #XAI #EthicalAI #FairnessInFinance #AlgorithmicBias #FinancialInnovation @Kushagra Jain Mark Cummins James Bowden Trish Quinn Giovanna Cucchi Christine Sinclair John Finch Nicola Anderson

Today marked a milestone in collaboration as we gathered with our strategic partners for the end-of-year All Strategy Partners meeting. This assembly is a testament to the shared commitment to innovation and excellence that continues to drive Scotland's fintech success story. Your dedication is pivotal in helping Scotland become one of the world's leading fintech clusters. A special thanks to EY, Lloyds Banking Group, University of Glasgow, University of Strathclyde, Edinburgh Napier University, M&G plc Sword Group, Financial Conduct Authority, Barclays UK, Baillie Gifford, BT Group, Equifax, Fujitsu, Hays, HSBC, Morgan Stanley, Phoenix Group, Royal London, Scottish Enterprise, Scottish Friendly Society, The Scottish Government, Tesco Bank, abrdn, BlackRock, Cisco, Deloitte, KPMG, Natwest Group, Pinsent Mason, PWC, and Smart Data Foundry or your continued support and contributions. We were inspired by the fintech businesses—HAELO, siccar Profylr, and Pytilia—who presented on technical regulatory reporting systems, AI, and Distributed Ledger Technology. A heartfelt thank you to Catherine Anderson, Lyndsey Gates, and the team at JP Morgan for hosting us at your beautiful campus and for helping us meet our step goals! Finally, kudos to the FinTech Scotland team—Trish Quinn, Giovanna Cucchi, Lauren Cassells, Stephen Ingledew OBE, Nicola Anderson, Mickael Paris, Vicky Gorman and Shery Johnston—for your hard work and dedication. Together, we are shaping the future of fintech in Scotland!

Wonderful afternoon kicking off at J.P. Morgan’s new office in Glasgow today for our quarterly Strategic Partners meeting. Thank you Mark Napier for hosting. We’re looking forward to insightful talks from Darren Kennedy on how JP Morgan are approaching #AI, Dr Mick O'Connor CEng CDir from HAELO on simplifying compliance, Matt Lowe on how the Financial Conduct Authority is using its new AI lab to drive In’ovation. We’ll also be hearing from Neil Sinclair at Pytilia on future proofing compliance, Vipul Sood from Profylr on the future of Data, Rob Mossop from Sword Group on accelerating #fintech collaboration by moving beyond legacy challenges and we’ll be finishing up with Jonathan Jones from siccar on better connection through trusted data.

We’re proud to share that Amélie Arras, Marketing Director at Zumo, has been appointed Co-Chair of the MENA FINTECH ASSOCIATION’s Sustainable Fintech Alliance, the aim to champion sustainability in fintech and digital assets by fostering education, collaboration, and innovation. Amélie’s vision aligns with the UAE’s leadership in sustainability, aiming to drive meaningful impact for both people and the planet. Congratulations to Amélie on this impactful new role! Read more: https://lnkd.in/ed8aMsyA #recognition #collaboration #fintechcommunity

The financial services industry is at a pivotal moment, with quantum computing emerging as a transformative technology that could redefine how we approach complex challenges in the sector. From enhancing fraud detection to optimising risk management and improving transaction speed, the potential applications are game-changing. At the FinTech Scotland Financial Regulation Innovation Lab (hashtag #FRIL), we are committed to driving innovation at the intersection of quantum computing and finance. Collaborating with industry, academia, and regulators, we are fostering research and solutions that could shape the future of financial services. This article delves into the exciting possibilities of quantum technology and highlights how FRIL is leading efforts to explore its practical applications within finance. https://lnkd.in/g8_bgwdX #FinTechScotland #QuantumComputing #Innovation #FinancialRegulation #FinTech Lauren Cassells Gemma Milne Nicola Anderson Trish Kirsty McKenna Giovanna Cucchi John Finch Mark Cummins Christine Sinclair Vicky Gorman

We are proud to share Hope 4U work in empowering people to tackle immediate issues and underlying problems for expecting families. Hope 4U enables users to discover and apply for financial aid programs similar to Scotland’s Scottish Child Payment or Best Start Grant, demonstrating its adaptability to regional contexts. Read their full work here: https://lnkd.in/eh_4SCjD #empowering #collaboration #community

Scottish fintech company Amiqus has taken a significant step forward in strengthening its anti-money laundering (AML) capabilities with the appointment of Graham MacKenzie as Director of AML & Financial Crime Risk. With over a decade of experience in AML and financial crime regulation, including leadership roles as Chair of the UK AML Supervisors Forum and Head of AML at the Law Society of Scotland, Graham brings a wealth of expertise to Amiqus. At FinTech Scotland, we’re proud to highlight innovative strides like this within the Scottish fintech community. By investing in talent and technology, Amiqus is setting a benchmark for ethical, sustainable, and impactful growth in the fight against financial crime. #FinTech #AML #Innovation #Scotland https://lnkd.in/gssj8X6v