Seopa’s scholarship is looking to get students from outside the fintech sector to explore a potential career by providing a blog post discussing the future of fintech.
The blog posts aim to encourage students carry out research into fintech and “get excited about everything it has to offer,” according to Seopa. “Students may even find a specialism that might appeal to them from a career perspective,” they said.
As part of the process, winning students get a £1,000 bursary towards their education, fees, learning materials and living costs.
Seopa said that they students do not have to take part in an ongoing scholarship programme and that the bursary is a “one-off” award “with no further obligations”.
The return of the scholarship comes as the industry faces a talent shortage. It’s return aims to fill the talent pool gap and attract a ‘diverse range’ of students who may have never considered a path into financial technology.
Data from a wide range of research firms and government agencies, including the Department for Education, suggests the talent shortage is the single biggest concern for senior leaders in the financial services industry.
According to the recent Global Fintech Report by PwC, 42% of both financial services and Technology, Media and Telecommunications organisations are struggling to fill roles.
Commenting on the scholarship’s return, Greg Wilson, the fintech entrepreneur behind comparison site Quotezone.co.uk, said: “Talented graduates are the lifeblood of the fintech sector and in our experience, teams that are more diverse tend to perform better and create more sustainable growth for the business.
“The financial sector is being reinvented and we need aspiring students to think outside the box and drive innovation forward. The list of contributions made to fintech by those with non-traditional backgrounds is extensive and the main driver behind the disruptive nature of fintech which has been so pivotal in embracing change.
“We want this scholarship to be a trigger that opens minds and shows talented young Scottish students where they could be in five years’ time.”
Scotland is seen as a global leading fintech hub. The country boasts 15 universities teaching fintech courses, more than 175 successful fintech startups and opportunities for investment from the public, private and academic sectors.
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In further signs of growing interest in Scottish fintech, the University of Edinburgh, the Financial Data and Technology Association, and Fintech Scotland were awarded £22.5m in UK Government funding to boost the use of financial data in Britain.
Stephen Ingledew, executive chair at FinTech Scotland, said: “The immensely positive contribution by fintech to the UK’s digital economy is being driven by the creativity and enterprise of people from diverse backgrounds and the Quotezone Fintech Scholarship initiative is a terrific example in ensuring this momentum in financial innovation is accelerated.
“Encouraging participation from the diversity of young people across our communities will further spur fintech innovation in all aspects of our personal and business lives, thereby ensure an inclusive approach to the economic opportunities ahead.”
Join the conversation: Fintech Summit 2021
Now in its eighth year, the Fintech Summit is the largest annual gathering of technology leaders in Scottish fintech.
Following one of the most turbulent periods in modern history, the 2021 Summit will consider the role of financial innovation in socio-economic recovery, featuring talks from a range of industry leaders.
For more details and information on how to register for the 2021 Fintech Summit, please visit: www.fintech-summit.co.uk