Peer2Peer Finance News
The UK's first peer-to-peer finance magazine for investors and the industry
  • Home
  • News
    • Personal Finance News
    • Industry News
    • SME News
    • Global News
  • Property
  • IFISA
    • IFISA Guide
  • Video
  • Open Banking
  • Cryptocurrency
  • Features
    • Joint Ventures and Promoted Content
  • Comment & Analysis
  • What is P2P?
  • Partners
  • Events
    • Past Events
  • P2P Power 50
    • Power 50 2018
    • Power 50 2017
  • Sign up to our e-newsletters
  • Magazine
  • Directory
  • Log In
shutterstock_461270917
December 8 2016

New government envoys to support Scottish fintech

Kathryn Gaw Industry News, News Edinburgh fintech, fintech, Float, government, LendingGrowd, Nucleus, Scotland, Simon Kirby, The ID Company, Treasury

SCOTTISH peer-to-peer lenders such as LendingCrowd will be supported by new government envoys hired to develop Scotland’s growing fintech industry.

The Treasury said on Thursday that David Ferguson, chief executive of Nucleus, and Louise Smith, head of design in personal and business banking at the Royal Bank of Scotland, have been appointed as the government’s new fintech envoys for Scotland.

Read more: LendingCrowd gains full FCA approval

The envoys “will look to build regional and national fintech networks and foster a culture of collaboration to help Scotland take advantage of the fintech boom currently taking place across the UK”, the Treasury said.

Scotland has a number of large fintech firms, including Nucleus, LendingCrowd, The ID Company and Float. After London, it turns out the most fintech graduates in the UK.

“I’m delighted that David and Louise have agreed to become the government’s fintech envoys for Scotland,” said City minister Simon Kirby. “Their in-depth knowledge of the industry and excellent reputations make them the right people to drive forward positive change and allow Scottish fintech to flourish.”

Read more: Fintech front of queue for £2bn innovation investment

Fintech is one of the fastest-growing parts of the UK economy, contributing £6.6bn to economic growth in 2015 and employing over 61,000 people.

Edinburgh University is the largest informatics school in Europe and 35 per cent of all technology spin-out companies in the UK come from Scotland’s educational institutions.

Wellesley & Co narrowly avoids being struck off FCA to toughen rules on P2P

Related Posts

Michelle-Mone-photo-credit-Dan-Kennedy

Industry News, News

Michelle Mone’s crypto platform rebrands again

shutterstock_529618147

Industry News, News

Assetz Capital dips into provision fund to refund wind energy investors

shutterstock_1383378692

Global News, Industry News

Funding Circle urges US regulators to follow UK model

Popular posts:

  • Lendy administrator confirms how P2P investors will…
  • P2P platform collapses serve warning about taking…
  • RateSetter: P2P lending approaching ‘watershed…
  • Landbay exits retail P2P lending market
  • Funding Circle goes live with secondary market changes
  • Hargreaves Lansdown’s P2P lending architect joins RateSetter
  • Home
  • Contact
  • About
  • Team
  • Advertising
  • Subscribe
  • Privacy
  • T&Cs
  • Disclaimer

Follow Us on Social Media

© Peer2Peer Finance News 2019 • Additional design by