Technology is rapidly changing the way we spend, save, and manage our money – and Scotland’s fintech sector is brimming with opportunity. As a dynamic meeting point for finance and technology, Scotland sits at the industry’s cutting edge.
If you’re an experienced tech professional with experience in fields such as cyber security, big data, blockchain, AI and machine learning, Scotland is the ideal location to advance your career. Here’s why:
Develop exciting solutions where finance and technology meet
For centuries, Scotland has held a global reputation for financial services and technological innovation. Today it is the UK’s largest financial hub outside of London, with more than 2000 financial services companies attracting diverse talent from across the globe. The FinTech sector in Scotland is buoyant with the community growing 5-fold since 2018 and now with 132 FinTech companies (March 20).
The Centre for Financial Regulation and Innovation predicts that Scotland's fintech sector will create around 15,000 jobs over the next 10 years. By basing yourself here, you can be involved in the latest innovations, choosing from a variety of roles with exciting challenges and new opportunities for career progression.
Edinburgh and Glasgow both have thriving FinTech communities whilst across Scotland FinTech is thriving and the supporting infrastructure spans the breadth of the country.
Many major banks are headquartered here, as well as financial institutions with global reach and these organisations are actively involved in deploying new technologies. Some of the big-name employers include:
- Tesco Bank
- Sainsbury’s Bank
- Baillie Gifford
- Morgan Stanley
- Standard Life Aberdeen
Scotland also boasts a thriving, ambitious tech scene, which has led many financial businesses to base their technology development centres here. For example, Barclays is establishing a new Glasgow campus for its functions, technology and operations team, complete with 2500 jobs. Other companies carrying out fintech research and development in Scotland include JP Morgan, Aviva, Lloyds Banking Group and NCR.
You could also join one of Scotland’s fast-growing fintech startups or scaleups, including:
- Money Dashboard
- Nucleus Financial
- Modulr Finance
- Lending Crowd
Whatever your area of tech expertise, you’ll find your skills are in demand in the diverse and ever-expanding fintech industry.
Join a dynamic community of like-minded professionals
Scotland’s fintech community is known for its open and collaborative approach, with many opportunities to share knowledge and build on your skills. You can take part in a host of regular meet-ups, conferences and events to keep informed of the latest developments.
With more than 88,000 people employed in Scotland’s finance industry and more than 100,000 in digital technology, there’s a growing network of professionals for you to join. Add in Scotland’s high concentration of world-renowned universities – home to cutting-edge research and teaching in Informatics, Data Sciences, Artificial Intelligence and other relevant areas – and you can draw on a wealth of contacts and expertise.
You’ll also benefit from a supportive environment for innovation. Cluster management organisation FinTech Scotland was established in January 2018 and is now recognised as the lead organisation in growing this dynamic sector in Scotland and it is widely supported financially and in kind by Financial Services organisations and others keen to grow the community in Scotland. FinTech Scotland also has a reach into the growing global FinTech community ensuring that finance companies, tech firms and research centres all work together to help the sector stay competitive in a rapidly changing market.
Balance your work with an outstanding quality of life
Outside the workplace, Scotland has even more to offer. Stunning landscapes, a rich heritage and warm and welcoming communities make this a great place to call home.
You can also benefit from an excellent work-life balance, with shorter commutes and lower living costs than in cities such as London. For example, Edinburgh frequently ranks among the best places to live in the UK, with plenty of green space and a highly rated education system adding to its renowned history and culture.
Learn more about Edinburgh’s quality of life:
Scottish cities such as Glasgow, Aberdeen and Dundee also provide a buzzing, cosmopolitan vibe coupled with ready access to the great outdoors, right on your doorstep.
Find out more about living and working in Glasgow:
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