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Peer2Peer Finance News | June 26, 2019

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Pinsent Masons partners with Fintech Scotland to boost sector outside London

Pinsent Masons partners with Fintech Scotland to boost sector outside London
Marc Shoffman

LAW FIRM Pinsent Masons has been named a global strategic partner with representative body Fintech Scotland.

The business joins Deloitte, Dentsu Aegis Network and Sopra Steria as strategic partners at the Scottish government-backed organisation.

Yvonne Dunn, a partner and financial services technology specialist at Pinsent Masons said London has been the pre-eminent location for fintech in the UK and the world, but the race is on to increase fintech presence outside of the English capital.

Read more: London’s fintech crown under threat as workers look elsewhere

“Scotland has a lot to offer fintech based on the large financial services institutions already established here, our general culture of entrepreneurism and the strength of our universities sending top-rated computer science graduates into the market,” she said.

“Fintech is disrupting global markets, it is a growth industry with massive potential, and it is an emerging sector in which Scotland has an opportunity to play a key role.

“We are looking forward to deploying our skills and experience to help develop a strategy which creates fantastic job opportunities, generates growth and attracts the brightest talent the sector has to offer.”

Dunn said a key objective of Fintech Scotland was to look outwards from the country, with partnerships established with firms both locally and globally in London, Dublin, Dubai, Madrid, Paris and Munich amongst other important hubs.

Read more: UK government unveils first fintech strategy