Fintech’s workforce surges 24% in 2 years; FinTech Scotland celebrates 6 years

In the past two years, employment by fintech enterprises in Scotland has grown by 24%, according to FinTech Scotland. The increase in jobs can be attributed to several factors, including the growth of fintech SMEs, a mature and collaborative fintech community, and the attraction of international businesses to Scotland. The establishment of fintech innovation labs with large financial institutions has also contributed to job growth. These labs have enabled product development and facilitated partnerships between fintech companies and financial institutions, resulting in positive outcomes for customers. Scotland has become a major destination for fintech companies globally, with 38 international firms including Scotland in their development plans. FinTech Scotland plans to continue supporting the growth of fintech SMEs and fostering investment, international connections, and partnerships in 2024. The organization aims to position Scotland as a global leader in fintech.