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Scotland, England agreement to drive fintech growth

Wednesday 29 April 2015 09:30 CET | News

Scottish and English political representatives have signed a key Memorandum of Understanding (MOU) to promote the development of the financial technology sector within Edinburgh between Innovate Finance, Scottish Financial Enterprise and the City of Edinburgh Council.

The collaboration strengthening relationships with the innovation hubs that are springing up around the City of London as a centre of finance, whether at Level39 or Barclays Accelerator to name, miicard.com reports. It also aims at elimination of barriers that hinder efficient communication between both sides. Financial organisations need help locating promising startups with innovations, matchmaking that provides entrepreneurs with the ability to scale their businesses and ultimately, find an exit for their hard work.

The MOU also focuses on FinTech startups who are given as much help as possible with progressing past committee decisions in these large oil tanker businesses as quickly as possible to ensure that all parties have the greatest possible chance of reaching a successful conclusions.


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Keywords: Scotland, Edinburgh, agreement, fintech, growth, increase, legislation, UK, payments industry, payments technology, innovation
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