IBOS member RBS will launch Scotland’s first FinTech hub at the bank’s headquarters in Edinburgh in May 2017.
The new hub will launch one year on from the opening of Entrepreneurial Spark’s dedicated space at Gogarburn, and is set to become a centre of excellence for the burgeoning fintech sector, estimated to be worth up to £6bn to the UK economy. The specialist hub will bring together industry leaders and networks and marry them with Entrepreneurial Spark’s tried and tested approach to build, grow and scale businesses.
This will be a key milestone in Scotland’s journey towards its ambition of being a world leader in fintech and innovation. Fintech entrepreneurs will benefit from Entrepreneurial Spark’s hugely successful enablement programme as well as Royal Bank of Scotland’s tech expertise and networks. Entrepreneurial Spark partners KPMG and Dell EMC will also provide additional resources.
Nicola Sturgeon, First Minister for Scotland, commented:
“This will contribute to the immediate need for physical space for fintech companies while the wider financial services industry continues to work collectively to deliver the fintech strategy. Scotland is already playing an active role in the fintech sector and the strategy will further enhance our standing, both nationally and internationally.”
Louise Smith, Royal Bank of Scotland Head of Design and HMT Fintech Ambassador, added:
“Royal Bank of Scotland and our partners Entrepreneurial Spark have been leading the way in supporting entrepreneurs in Scotland. The fintech sector has huge potential for our economy so it is essential that these entrepreneurs are given all the support they need to ensure Scotland is at the heart of the fintech revolution.”
Read the full article, via RBS’s website, here.