The organisation that supports the financial technology – ‘fintech’ – sector in Scotland has announced a strategic partnership with Morgan Stanley.
FinTech Scotland is to work with the investment banking giant to enhance financial technology innovation in Scotland and accelerate the fast-growing sector’s global connectivity.
Morgan Stanley joins FinTech Scotland’s existing strategic partners including financial services firms, academia, technology solution providers and public sector organisations, to further enhance the development of Scotland’s fintech cluster through the support of strategic initiatives and the harnessing cross-regional collaboration.
For Morgan Stanley, a significant technology participant in Scotland, partnering with FinTech Scotland opens up new engagement opportunities with cutting-edge technology providers, a key part of Morgan Stanley’s fintech innovation strategy.
The collaboration will also support the firm’s Multicultural Innovation Lab and accelerator programme, that promotes financial inclusion and provides access to capital and expertise for early-stage technology and technology-enabled start-ups led by entrepreneurs from diverse backgrounds.
The partnership demonstrates Morgan Stanley’s continued commitment to Glasgow and broadens its support of the Scottish technology ecosystem. The firm has a workforce in excess of 2,000 in Glasgow and recently announced further investment in local talent, providing career opportunities to over 200 young people as part of its largest graduate recruitment programme to date.
The investment bank, headquartered in New York, will get involved in the collaborations that continue to progress the FinTech Research and Innovation Roadmap, driving innovation in financial regulation, climate, open finance and payment & transactions.