Support services provided
-Promotional activities: Each member of the FinTech Scotland community is offered the opportunity to create their profile on our website. They can also publish content on our blog and news section. In addition, we invite them to speak at events in Scotland, the UK and internationally. We help them get visibility at large global tech events we have partnerships with. Finally, we support all their marketing activities on and offline by maximising their reach through our network.
-Facilitation of cross-sectorial cooperation: We work closely with organisations such as the Law Society of Scotland, ScotlandIS, the Scottish Business Resilience Centre, Police Scotland, The National Crime Agency, The Oil and Gas Technology Centre and more to spot collaboration opportunities. Our mantra is that "fintech is far too important to be left to the Financial Services Sector" and that it cut across all verticals. FinTech Scotland established the first ever Fintech Consumer Panel to help fintech firms tackle societal issues. We're currently in the process of establishing the Global Open Finance Centre of Excellence which will, amongst other things, bring health and financial data together to assess the impact of financial stress on people's physical and mental health in order to help innovative fintech firms create new solutions to tackle those issues.
-Access to the European Internal Market: FinTech Scotland along with 8 other fintech hubs across Europe launched the European Fintech Discovery Programme in September 2019. It enables large financial institutions to access innovation from all around Europe and for fintech firms to be made aware of industry calls from all participating countries. Outside of this programme, FinTech Scotland is travelling to Europe on an on-going basis (Northern Ireland, Copenhagen, Amsterdam, Paris, Zurich, Berlin, etc.) and always bring fintech firms along. FinTech Scotland works in collaboration with Scottish Development International to welcome European delegations to Scotland as well as send Scottish delegations abroad to facilitate knowledge transfer and take to market opportunities.
-Access to public support: FinTech Scotland appointed a third party company called Vivolution to help fintech firms navigate Scottish Enterprise support capabilities as well as European funding opportunities. Those opportunities are then shared via events but also by FinTech Scotland directly via our private Slack channel, email and social media. FinTech Scotland works very closely with Scottish Enterprise to help with the development of new support services and improvement of existing ones.
Facilitation of collaboration between members: FinTech Scotland's main focus has always been to create a vibrant community of innovative firms within a vibrant eco-system. We do that by bringing all 120 SME firms together on a regular basis at private events to network and discuss industry topics. They also have access to an online private Slack channel to discuss, exchange and ask each other for help. Finally, we spend a lot of time connecting them with one another when relevant. Outside of the SME community we are also working very hard to create collaboration opportunities between the SME firms and the large financial institutions that we count amongst our partners. This is why we spend as much time with large firms understanding their problems as we do with smaller innovative enterprises who will bring the solutions.