🌍🚀 Scotland's Fintech Sector is thriving. We're pleased to share insights from a recent highlight by Scottish Development International, celebrating the vibrant growth in our fintech landscape. Find out more below. 🢃
Scotland's fintech sector is thriving, with over 220 startups and a strong ecosystem of established financial firms. Key drivers include innovations in data, AI, and machine learning from leading universities like The University of Edinburgh, University of Glasgow and University of Strathclyde. Edinburgh's Bayes Centre and Edinburgh Futures Institute support cutting-edge AI and data science programs, while the Smart Data Foundry provides secure consumer data sharing for impactful projects. The dynamic financial services landscape here has fostered innovative collaborations between established institutions and emerging startups. A prime example is Scottish fintech company Aveni, which has partnered with Lloyds Banking Group to enhance customer service within its life insurance division. In July 2024, Aveni secured £11 million ($14.28 million) in Series A funding to advance its groundbreaking large language model, designed specifically for the financial services sector. With collaborations across the sector and initiatives like the AI Accelerator, Scotland's fintech scene is a magnet for international companies such as EedenBull, supporting growth and attracting global investment. Read GlobalData Financial Services' full article to learn more about Scotland’s fintech ecosystem 👉 https://ow.ly/zpEx50UgQcU #ScotlandIsNow #FinTech