KPMG UK Joins FinTech Scotland

KPMG UK has joined FinTech Scotland, the cluster management organisation for fintech in Scotland, with the two organisations set to work closely together to foster innovation, accelerate growth and drive technology adoption within the Scottish financial technology sector.

KPMG UK will add its expertise, helping to develop Scotland’s leadership as a fintech cluster as well as supporting the firm’s own plans for further growth in Scotland.

The professional services network said that it will bring some of the latest thinking in financial services innovation to a sector that is being disrupted by new technologies such as AI, Distributed Ledger Technologies, and Open Finance.

According to the firm, its leadership will also play a role in ensuring that Scotland’s fintech cluster continues to lead by example through innovation driven by collaboration to ensure financial inclusion.

“We’re excited to be working with Fintech Scotland and deepen our relationships with firms in this growing sector,” said Ann Devine, partner at KPMG UK.

“Scotland is one of the key clusters for UK fintech activity and this collaboration demonstrates our ongoing commitment to local fintech businesses in the region.”

Fintech Scotland’s cluster includes over 250 fintech SMEs, 35 established financial and professional services institutions, global technology enterprises, as well as universities, regulators and those in the public sector.

Acting as a strategic enabler and management body for firms in the financial technology sector, FinTech Scotland focuses on leveraging the potential economic and social benefits that come with fintech innovation, aiming to position Scotland as a global leader in the sector.

Recommended

Commenting on KPMG UK joining the cluster, Nicola Anderson, CEO of FinTech Scotland, said: “This partnership with KPMG UK strengthens our shared commitment to fostering innovation, collaboration, and growth in Scotland’s fintech cluster.  

“Thanks to KPMG’s global expertise and the thriving Scottish fintech community, I’m confident we can accelerate innovation and support the scaling of innovative businesses that contribute to Scotland’s economic and societal progress.”

The news follows KPMG UK’s reshuffle of its Scottish office this month, with a new leadership team now in place to help the firm grow its footprint north of the border.

Related