Fintech Scotland Appoints New CEO
Former Standard Life and Barclays senior executive appointed to drive innovation, inclusion and collaboration, making Scotland a global Fintech leader.
Fintech Scotland has appointed Stephen Ingledew as Chief Executive Officer.
Mr Ingledew’s role as Fintech Scotland CEO will be to ensure the organisation drives sustainable economic growth through innovation, collaboration and inclusion.
Fintech Scotland is the organisation co-created by the Scottish Government and industry, led by Scottish Financial Enterprise, and the University of Edinburgh, to make Scotland a global leader in global financial technology innovation and development.
Currently a non-executive director of Marketing Edinburgh, Mr Ingledew’s financial services leadership career has included has included senior executive roles with institutions such as Standard Life and Barclays as well as work with small innovative financial enterprises.
He has also a served in a number of non-executive director roles including with Scottish Financial Enterprise, The Institute of Financial Services, The Chartered Insurance Institute and The Financial Services Authority.
Open, Creative, Inclusive
Mr Ingledew has a track record of implementing customer focused and technology enabled profitable initiatives in a wide range of financial services organisations.
An advocate of more open, creative and inclusive financial services through new innovative technologies, Mr Ingledew has encouraged diversity and progressive ways of working as well as improved collaboration across stakeholders and participants.
Global Fintech Leader
Fintech Scotland’s goal is to create an integrated and thriving ecosystem through the provision of funding, support, infrastructure and talent that recognises and responds to the needs of all stakeholders and connects Scotland to other global Fintech centres.
The organisation aims to achieve this by bringing together the innovation and creativity of entrepreneurs; the resources and experience of the established financial sector; the advanced capabilities of technology companies; the economic and social objectives of the public sector; the capital and funding from investors; the innovation facilities of accelerators and incubators; the people development of skills agencies; and the research and development resources of universities.
Scotland’s Minister for Business, Innovation and Energy, Paul Wheelhouse, said:
“I warmly welcome Stephen Ingledew’s appointment as Chief Executive Officer, as this is a very significant milestone in the establishment of Fintech Scotland. Stephen will play a crucial role in cementing Scotland’s position as a world-leader in Fintech, building on our established strengths in both financial services and technology.
“Our Programme for Government committed £250,000 to support the establishment of Fintech Scotland – split between the Scottish Government and Scottish Enterprise – with additional contributions from the University of Edinburgh and from established companies in the financial sector.
“The Scottish Government, together with industry and academic partners, will now work closely with Fintech Scotland to unlock what look to be significant economic benefits of a thriving Fintech sector.”
Mr Ingledew told DIGIT:
“The fusion of financial services and technology can deliver economic benefits of growth and productivity and social benefits of employment opportunities and better consumer outcomes.
“Scotland has a proud heritage of creating these benefits from the combination of financial services and technology, however, new innovation in this digitally data-driven age, along with changing expectations are creating entirely new opportunities to develop more sustainable economic and social benefits.
“I am delighted to be given the opportunity to lead Fintech Scotland, to help drive growth and develop a global presence by asserting Scotland’s capability as a leading and thriving Fintech environment.”
Danny Cusick, Director at Scottish Enterprise, said:
“We’re delighted to welcome Stephen to Fintech Scotland as he brings tremendous experience, insight and leadership. As home to the most important UK financial centre outside of London and one of Europe’s foremost data centres, and with a proven track record in servicing global markets, Scotland has strong heritage and world-class capabilities in banking, financial technology and data-driven innovation.
“With our partners, we aim to harness these attributes and create an effective Fintech ecosystem to drive Scotland’s economic success. We look forward to working alongside Stephen to encourage the growth of Scotland’s Fintech companies and inspire global Fintech companies to locate in Scotland.”
Graeme Jones, Chief Executive of Scottish Financial Enterprise, said:
“We are thrilled at the appointment of Mr Ingledew, who is set to take Fintech Scotland to the next level. We’re proud of what has been achieved in such a short space of time and would like to thank our members for their valuable contribution to our Fintech Strategic Initiative.”
Dr George Baxter, Chief Executive Officer of Edinburgh Innovations, said:
“I’m delighted at Stephen’s appointment. We’re proud to play a role in the establishment of Fintech Scotland as we pursue the University of Edinburgh’s ongoing strategic commitment to the delivery of skills and talent in this sector.”
Louise Smith, UK Fintech Ambassador; Scottish Financial Enterprise Fintech Strategy Group Chair and Head of Design in Personal and Business Banking at the Royal Bank of Scotland, said:
“The appointment of Stephen Ingledew is great news for Fintech Scotland and for the country as we continue to work towards being a leading and thriving Fintech economy.
“We have seen at first-hand the work Fintech Scotland has already achieved in putting Scotland on the global technology map, and across 2017 the organisation has played a key role in bringing the country’s political and business leaders together to identify what is needed to help our Fintech industry move forward.
“Mr Ingledew’s arrival will leave us well placed to build on these learnings and propel Scotland’s Fintech ecosystem into its next phase.”