Industry body FinTech Scotland has partnered with insurance and financial services giant, Prudential UK, to drive the continued digitisation of Scotland’s financial services.
Prudential UK has been embracing digital transformation and fintech innovation in an effort to create a simple, modern savings and investment business focused on customers and financial advisers.
Its strategic partnership with FinTech Scotland is said to reflect its ongoing commitment to playing a lead role in the digitalisation of financial services in Scotland, and is demonstrated by the opening of its new innovative, ground-breaking office hub in Edinburgh, for its Wealth Solutions business.
From its new Edinburgh office, the firm hopes to drive digital and data innovations to create financial solutions for customers and independent financial advisers. It will bolster the broader fintech developments in Scotland by increasing collaboration with innovative entrepreneurs and develop opportunities for talent in order to accelerate the digital transformation of its business.
David Macmillan, Prudential UK’s MD of Wealth Solutions, said: “In a short-period of time FinTech Scotland has assembled an impressive range of strategic partners which we’re delighted to be joining.
“Innovation through collaboration is the key to firmly establishing Scotland’s long-term fintech credentials and FinTech Scotland is uniquely positioned to help make this happen. The quality of the fintech community in Edinburgh convinced us to locate our new facility in the city and since doing so in May we’ve not been disappointed.
“We look forward to actively developing the already solid reputation of the community and relish the opportunity to work alongside our universities, government agencies and the other partners to foster entrepreneurial talent across the sector.”
FinTech Scotland chief executive Stephen Ingledew said: “I am hugely impressed with Prudential UK’s ambitious plans and leadership in transforming financial services. Their appointment very much complements the other recently announced strategic partnerships and ensures we are reflecting the fintech opportunities across all aspects of financial services in Scotland and globally.”
Prudential UK is joining IBM, Equifax, Pinsent Masons, Deloitte, Dentsu Aegis Network and Sopra Steria as strategic partners to progress the development of the fintech ecosystem in Scotland and its managing director of Wealth Solutions, David Macmillan, will also join FinTech Scotland’s board.