Australian FinTech BlackArrow has picked Glasgow as its new centre of global operations.
Founded in 2014, the FinTech provides an AI-based financial planning app.
The move will create 45 new software developer and technical support jobs in the Scottish city.
The decision by BlackArrow, which also has offices in Sydney and Dublin, follows the receipt of a £573,000 grant award from Scotland’s national economic development agency.
Consultancy services will also be provided from the new office to financial services institutions that need to reassess their compliance with changing regulations.
In January, FinTech Scotland and FinTech Wales proposed increased research and innovation (R&I) to accelerate FinTech development across the UK and support national, regional and job growth.
“Scotland will become the centre of BlackArrow Financial Solutions’ global operations and this represents a massive vote of confidence in our recovery from the pandemic,” said Scottish Government business minister Ivan McKee. “Artificial intelligence technology promises significant opportunities for Scottish businesses and their customers and BlackArrow is creating exactly the kind of high-value and innovative jobs we need here.”
He added: “Scottish Enterprise has a lengthy relationship with the company and this agreement is another tangible step towards post-COVID-19 prosperity.”
The Future of Intelligent Finance
FStech Group Editor Mark Evans sits down with Jason Cao, President of Global Financial Services Business Unit, Enterprise BG at Huawei ahead of its Intelligent Finance Summit which was held on 3rd and 4th of June in Shanghai. This Q&A delves into key trends in digital transformation of the financial services industry as well as a look at how data, robotic infrastructure, intelligent storage and innovative technologies are shaping the future for FSIs.
The Rise of Instant Payments
Instant payments are creating new business opportunities for banks by providing more touchpoints than ever. With these evolutions underway, Featurespace brought leading industry experts together to discuss how they are protecting customers from fraudsters in real time, utilizing innovative and disruptive solutions to reduce fraud. Click here to find out more.
Offloading Cyber Risk in the Cloud
As cyber attacks and data breaches are in the news on an increasingly regular basis - with regulatory penalties and customer trust on the line for financial services firms - it has never been more crucial to be compliant in the cloud.
This video, with Akamai’s EMEA director of security technology and strategy Richard Meeus, will help explain what your company can be doing to make sure it’s not embroiled in the next big fine or front-page scandal.
This video, with Akamai’s EMEA director of security technology and strategy Richard Meeus, will help explain what your company can be doing to make sure it’s not embroiled in the next big fine or front-page scandal.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories