TODAY FinTech Scotland and Scottish fintech firms have signed the FinTech For All charter.
The charter is an industry led initiative to promote diversity and inclusion in fintech. It was established in 2020 and is a commitment to use diversity and inclusion as a force for innovation and growth. The work is led by InChorus and is supported by a steering committee of members from the Financial Conduct Authority, Innovate Finance, FinTech Alliance and Level 39.
Signing the pledge reinforces the culture of inclusion across Scotland’s FinTech Cluster. Alongside the cluster management organisation, 23 fintech firms based in Scotland have also signed the pledge and commit to making fintech a sector where diversity is encouraged and businesses continue to build inclusive cultures.
By signing the pledge, the Scottish fintech community became the biggest contingent of signatories since the pledge was launched, reaffirming that fintech is a force for good.
Amongst other things the charter aims to:
- Support FinTech’s in promoting diversity and building inclusive environments
- Ensure the at least one member of the senior team is accountable for Diversity & Inclusion
- Develop employee awareness around what constitutes inclusive practices
The signatories include Scotcoin, DirectID, Gcex, Polydigi, Nude, Float, Exception, Pour, Bellrock, Level-E, Amiqus, LendingCrowd, Zumo, FastPAYE, Caseblocks, Broker Insights, WomensCoins, Hubb Insure, Blockchain Technology Partners, Gobbill, Modulr, Lightbox Rewards
Nicola Anderson, CEO at FinTech Scotland said:
“FinTech Scotland was established in 2018 around the values of innovation, collaboration and inclusion. The FinTech for All charter aligns to those values and demonstrates the ongoing commitment for diversity and inclusion. The FinTech Scotland cluster creates an environment of connection and belonging, welcoming a wide range of diverse participants and we’re stronger for it. Scotland has a strong reputation for FinTech for good and we’re looking forward to seeing this continue to grow.
James Varga, CEO at Scottish fintech DirectID said:
“The FinTech community is crucial to the success of tech within the UK, and we must show leadership in every area we can – including in our workplace culture”.
“As a company DirectID has taken steps to ensure that all employees have an equal voice, and an environment where colleagues are free to speak up. We encourage breadth of contribution and inclusion is vital to our future success. The culture within the company is very important to us, and one we have taken years to foster.”
Phyl Meyer Head of Business Development at Inclusion Scotland said:
“There is widespread recognition that we need to do a lot more to ensure people from all parts of society aren’t excluded from employment. We know from experience that it’s real action that counts, which is why we welcome ambitious efforts to make meaningful progress such as those being taken by Fintech Scotland, recent hosts of one of our Inclusion Scotland internships.”