Accountability for accuracy in AI models
The use of artificial intelligence has progressed rapidly in the financial services sector with firms using AI via chatbots, fraud detection systems and generative AI tools. The regulation of AI…
Amplifying economic growth: A revolution in collaborative innovation
In the fast-paced world of fintech, success relies on two key elements: growth and innovation. Data, the driving force behind innovation, plays a crucial role in shaping new products, enhancing…
Two fintechs awarded £50,000 each after winning ‘synthetic data’ innovation challenge
Two fintech companies have each been awarded £50,000 after winning a ‘synthetic data’ innovation challenge. Xpand and Skwile Ltd took home the prize after working on novel datasets to help strengthen…
New innovation lab in Glasgow will boost UK financial tech regulation
A new innovation lab in Glasgow is set to boost the UK’s financial technology – or ‘fintech’ – industry’s approach to regulation. The Financial Regulation Innovation Lab (FRIL) will be…
New partnership for Scotland’s first bank ‘solely dedicated to small and medium sized businesses’
A new partnership has been struck for Scotland’s first bank ‘solely dedicated to small and medium sized businesses’. Alba Bank, founded by Scottish entrepreneur Jim McColl in 2018, with its…
New talent platform will use AI to skills match candidates to fintech companies in Scotland
A new talent platform has been launched using AI to skills match candidates to over 220 fintech companies in Scotland. The ‘Fintech Talent’ platform will enable professionals to showcase their…
FinTech Scotland appoints Scottish Government director to accelerate plans for ‘financial regulation innovation lab’
FinTech Scotland has appointed a senior government director to accelerate plans for a financial regulation innovation lab. Trish Quinn, who was a digital programme director with the Scottish Government, will…
FinTech Scotland partners with TSB on third annual ‘innovation labs’ programme
FinTech Scotland is partnering with TSB on its third annual ‘innovation labs’ programme – with a call for fintechs to apply to the scheme. The cluster management organisation for Scottish…
FinTech Scotland partners with Phoenix Group to tackle ‘gender pensions gap’
FinTech Scotland is partnering with the Phoenix Group to devise ways of using financial innovation to tackle the ‘gender pensions gap’. The cluster management organisation is working with the UK’s…
FinTech Scotland and Smart Data Foundry launch innovation challenge with UK banks
FinTech Scotland is joining forces with the Smart Data Foundry to launch an innovation challenge with some of the leading UK banks. The cluster management organisation for Scottish ‘fintech’ will…
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