RBS is bringing a bit of Silicon Valley to Edinburgh with ‘Disrupt 17’

The Royal Bank of Scotland is bringing technology entrepreneurs from across the world to its Edinburgh HQ to discuss the latest trends in technology.

RBS said the event, dubbed Disrupt 17, will also be an opportunity meet local fintech entrepreneurs, customers and bank staff.

Delegates will hear from technology leaders, including representatives of Singularity University, the influential Silicon Valley think tank, and RocketSpace, the technology incubator that helped the likes of Spotify and Uber get off the ground.

Building relationships

Simon McNamara, chief administrative officer of RBS, says: “It’s vital that we continue to build relationships with innovative tech firms from around the world, so that we can make the very best technology available for our customers.

“This event brings partners, customers and colleagues together to help us do just that. This is also a great opportunity for Scotland’s burgeoning Fintech community to build new relationships with global tech entrepreneurs and help boost our economy in the long run.”

The event follows the recent establishment of a technology and innovation committee at the bank and a fintech hub at its Gogarburn HQ.

The bank also has an extensive scouting network for new tech-led initiatives, which takes in the UK, US and Israel. It recently introduced Facebook at Work for its employees, deployed AI to help answer customer queries and biometric technology to crack down on fraud.

Struggling with legacy

But RBS is still struggling to reshape its core legacy technology estate.

News of Disrupt 17 comes just days after the bank announced that it is planning to cut nearly 900 technology jobs in London by 2020.