A fintech trade mission has formed part of the annual Tartan Week celebrations in New York – boosting global opportunities for Scottish fintechs.
Cluster management organisation FinTech Scotland has joined the event in the Big Apple – to help Scottish fintechs maximise connections in the world’s biggest finance market.
Led by CEO Nicola Anderson, FinTech Scotland is accompanied by a select group of innovative Scottish fintech companies, including Terrapin, Tindeco, Grand Bequest, and Broker Insights.
The delegation was organised in collaboration with the UK Department for Business and Trade (DBT) and aims to explore and establish transatlantic market opportunities.
It also coincided with New York FinTech Week, designed to support the growth and emergence of native US fintechs.
The participation reaffirms FinTech Scotland’s commitment to fostering international collaboration and showcasing the Scottish fintech cluster’s strengths.
The delegation’s presence in New York represents a ‘significant opportunity to create ties between the Scottish and US financial services sectors, promoting cross-border innovation and business opportunities,’ FinTech Scotland said.
Nicola Anderson, CEO of FinTech Scotland said: “Our participation in Tartan Week and New York FinTech Week is a fantastic opportunity to highlight fintech innovations and expertise within the Scottish fintech cluster. We are excited to collaborate with our strategic partners PwC and the UK Department for Business and Trade to facilitate meaningful connections and explore new avenues for growth in the US market.”
As part of the Tartan Week celebrations, DBT, FinTech Scotland and Scottish Financial Enterprise (SFE), hosted a reception on April 4th. The event was designed to celebrate and strengthen financial relationship between Scotland and the United States.
During New York FinTech Week, FinTech Scotland and the four accompanying fintech firms have the opportunity to engage in a series of strategic activities aimed at raising their international profile and exploring the US market.
These include participating in reverse pitching sessions – a unique opportunity where investors pitch to fintech companies – roundtable discussions, meetings with investors and banks, and various speaking engagements.
UK Government Minister for Scotland John Lamont attended the FinTech reception as part of his visit to New York for Tartan Week.
He said: “The UK Government wants to harness the immense potential of our transatlantic partnership and encourage US businesses to explore the exciting possibilities Scotland offers in the FinTech sector.
“It’s fantastic that four Scottish companies will be attending New York FinTech Week to showcase their dynamic and innovative work. By collaborating with our US partners, we can encourage growth to create more highly-skilled jobs and opportunities.”
John Thompson, deputy trade commissioner North America, the UK’s Department for Business and Trade, said: “Scotland’s vibrant and innovative fintech community primes Scottish companies for international success. Bolstered by Scotland’s 300-year legacy of financial services excellence and cutting-edge expertise in technologies like AI and data, these firms carry forward a tradition of trust and quality. This solid foundation positions emerging Scottish fintechs to confidently expand their client base here in the US and continue Scotland’s financial services legacy.”