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FinTech Scotland Marks Third Anniversary with New Chief Exec Appointment

Ross Kelly


FinTech Scotland

When the cluster was formed in January 2018, the nation’s fintech SME community stood as just 26 firms. This month, FinTech Scotland welcomed its 150th.

FinTech Scotland has confirmed the appointment of Nicola Anderson as its new Chief Executive Officer.

Anderson has spent two years on secondment at the cluster leadership body from the Financial Conduct Authority (FCA), where she was a senior regulator.

Most recently, Anderson served as interim Chief Executive when Stephen Ingledew stepped into a new position of Executive Chair.

In a statement today, FinTech Scotland said she brings with her a wealth of experience in working for small enterprises and larger institutions, with a focus on customer experience and operational change.

Commenting on her appointment, Anderson said: “I’m absolutely delighted to be appointed into this role and for the opportunity to further the great work already achieved by FinTech Scotland.

“Joining the team has reinforced my passion for entrepreneurial innovation and how it can benefit citizens and the economy. I’m very much looking forward to championing the fintech community and cluster through innovation, collaboration and inclusiveness.”

FinTech Scotland announcement comes as it reaches its third anniversary and the continued growth of the fintech SME community over the last twelve months by 31 firms to a total of 150.

When FinTech Scotland was formed in January 2018, the nation’s fintech SME community stood as just 26 firms, marking a huge increase in recent years.


The growing strength of the fintech community and cluster has been accelerated over the past twelve months with additional milestone achievements for the FinTech Scotland cluster.

These include:

  • Continued investment funding in Scottish fintech SME’s and on a par with 2019 levels
  • Being the first UK fintech body to be recognised for cluster management excellence recognition by the European Cluster Accreditation Body.
  • In collaboration with the University of Edinburgh, securing Innovate UK multi-million funding for the Global Open Finance Centre of Excellence, to enable research and innovation through financial data, another first for the UK.
  • Founding member of a Europe-wide fintech hubs collaboration group involving sixteen fintech centres across the continent to support international inward investment and exports.

FinTech Scotland said the milestones – combined with the growing number of fintech SMEs and the breath of global strategic partners – “continue to demonstrate the innovative, collaborative and inclusive impact of the fintech cluster”.

Executive Chair of FinTech Scotland, Stephen Ingledew said: “I’m delighted Nicola has accepted the role of chief executive and is deserved recognition of her valuable contribution since joining the team.

“I would like to thank the FCA for their ongoing collaboration through over the last two years. I am looking forward to supporting Nicola take Fintech Scotland on to the new stage of its exciting journey.”

Ross Kelly

Staff Writer

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