JournoLink uses cookies JournoLink requires cookies to function. You can read more in our Privacy Policy

Scotcoin and Scotesq

The Pillars of Scottish Fintech

12 June 2017 08:15

FOR IMMEDIATE RELEASE

Some time ago I was privileged, as a major investor in Scotcoin, to be invited with others to the Consultation on Scottish Fintech hosted by Deloittes with Scottish Enterprise.
Firstly, what is Fintech? It is the all encompassing word for the financial architecture of the digital age. It covers market infrastructure, payments, settlements, digital currencies, and data analytics. Its protagonists utilize software and programming code to provide financial services.
In the world ecosystem of Fintech, London is Number One.
But Scotland is number 18 – and that is entirely creditable given our size.
The object of the consultation was to delineate what was needed to boost us from eighteenth into the top ten – and potentially higher.
So what is needed?
Firstly – and perhaps most importantly – we need to draw world attention to Scotland. How difficult can that be? We have a fantastic country with good communication systems, superb countryside, and an eager and responsive workforce. We have an excellent online community already, with some real winners to the fore.
Secondly, we need to push connections together. Scotland is ideal for a “hub and spoke” set up. We need available service centres and spaces to bring people together, to allow ideas to be born and flourish, and reach maturity.
Thirdly, education. This doesn’t just mean top down , but at the very start of children’s schooling. We need educated participants. We need to make them evangelists for Scottish Fintech, and we need a continuous stream of new participants. We need to build on what we have already, but we need to strengthen and broaden what there is. We have to up our game at all levels.
Fourthly, finance. There are some seed funds available, but we need to expand them and scale up. In order to attract new people and businesses, we have to nurture them, to welcome them, to support them and help them navigate through the beginnings of their business into the full flood of their maturity.
If we do all that, we can easily get into the top ten. And who knows maybe even higher than that!


Download as PDF | Report this press release


Attached Images


Press Contacts

Temple Melville

Owner

Tel: 074 1111 7848

Email: temelco@live.co.uk


About Scotcoin and Scotesq

Scotcoin is Scotland's very own digital currency
Scotesq is the only Scottish supplier of CPD courses in the Blockchain and Crypto Currency, and provides trading platforms

scotesq.com

View JournoLink Profile

Share

Share to Facebook Share to Twitter Share to LinkedIn

Journalists...

For more information on JournoLink and how to receive more content like this, please visit https://journolink.com/journalists.