Google Cloud signs up to boost Scotland's fintech community

Google Cloud has joined a growing number of global organisations supporting the fintech revolution in Scotland.

Scotland is establishing itself as a global hub for high-growth financial technology firms. Picture: AP Photo/Marcio Jose Sanchez
Scotland is establishing itself as a global hub for high-growth financial technology firms. Picture: AP Photo/Marcio Jose Sanchez

The tech giant is joining forces with industry organisation FinTech Scotland to support the growth of the fintech – financial technology – small and medium-sized enterprise community north of the Border.

The addition of Google Cloud to FinTech Scotland’s cluster will enable “new innovation at speed” as well as providing the benefits of the tech company’s cloud knowledge and expertise, bosses said.

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Since its launch in January 2018, FinTech Scotland has been growing the number of global organisations involved in the cluster, leading to a surge in the number of fintech businesses in the past 12 months as the country establishes itself as a global hub for high-growth fintech firms.

FinTech Scotland’s executive chairman Stephen Ingledew said: “We very much welcome Google Cloud expert engagement with the fintech community and cluster as it acts as a further boost to driving impactful innovation.

“Google Cloud data capabilities and know-how will certainly be of great value to the innovative SME community in Scotland.”

Earlier this year, FinTech Scotland sealed a key partnership with FinTech Alliance, the digital platform uniting the UK and global financial technology sectors.

The agreement is part of FinTech Alliance’s mission to “bring together the strengths of the UK’s fintech ecosystem on one all-encompassing platform”, while supporting the continued growth of the industry.

That followed Scotland being recognised as a fintech cluster centre of excellence by the European cluster accreditation body which benchmarks the impact of innovation and collaboration across all sectors of the economy.

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