FinTech Scotland and Wales call for increased R&I

FinTech Scotland and FinTech Wales have proposed increased research and innovation (R&I) to accelerate FinTech development across the UK and support national, regional and job growth.

The report, Research and Innovation for UK FinTech, provides recommendations to increase the pace of R&I.

These include creating challenge-led innovation programmes to create new propositions and mapping the longer-term needs for FinTech R&I in partnership with established researchers,.

It also covers developing a FinTech Innovation Institute via a collaboration of UK FinTech regions and suggests regional FinTechs make contributions that use their local strengths and networks.

The actions have been supported by UK regulators, researchers and academic organisations.

Nicola Anderson, chief executive officer at FinTech Scotland, said: “We know from experience that FinTech across the UK offers real potential for economic growth, future employment, and greater financial inclusion."

She added: “This paper proposes a suite of purposeful and collaborative actions that can achieve success through commitment and regional contributions.

“The paper is just the start and we’re looking forward to continuing this work with fellow FinTech leadership colleagues and teams across the UK.”

    Share Story:

Recent Stories


Data trust in the AI era: Building customer confidence through responsible banking
In the second episode of FStech’s three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech examines the critical relationship between data trust, transparency, and responsible AI implementation in financial services.

Banking's GenAI evolution: Beyond the hype, building the future
In the first episode of a three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech explores how financial institutions can navigate the transformative potential of Generative AI while building lasting foundations for innovation.

Beyond compliance: Transforming document management into a strategic advantage for financial institutions
In this exclusive fireside chat, John Rockliffe, Pre-Sales Manager at d.velop, discusses the findings of Adapting to a Digital-Native World: Financial Services Document Management Beyond 2025 and explores how FSIs can turn document workflows into a competitive advantage.

Sanctions evasion in an era of conflict: Optimising KYC and monitoring to tackle crime
The ongoing war in Ukraine and resulting sanctions on Russia, and the continuing geopolitical tensions have resulted in an unprecedented increase in parties added to sanctions lists.