FinTech Scotland wants to hear what you think

FinTech Scotland has launched a Consumer Panel to support inclusive fintech business development. It will connect consumer and citizen advocate groups into the fintech ecosystem with the emphasis on citizen financial inclusion, problem solving and innovation.  

The panel will provide ease of access to a citizen and consumer voice for fintech innovators, and build an inclusive network across consumer groups, innovation and technology. The objective is for open, practical and diverse engagement, to bring citizens and consumers directly into fintech product design. 

Recent UK research showed 24% of UK adults have little or no confidence in managing their money, with 18-24-year-olds rating themselves as the least confident. 

Scottish entrepreneurs are achieving true change. They are introducing easier and better ways to deal with money as well as new products and services that adapt to the changing needs of today’s society. Many are presenting updates during FinTech Scotland’s Festival in September. 

The Consumer Panel offers a practical way to connect fintech entrepreneurs and their growing ability to find new and innovative solutions, with real and everyday financial issues impacting customers/consumers. 

Founding members come from a range of Consumer Advocate organisations, Third and Public sector, as well as Academia.  Those participating include, Money Advice Scotland, Scottish Government, University of Strathclyde and University of Edinburgh, The Big Issue, The Money and Pensions Service, Step Change, Age Scotland, Fresh Start Edinburgh, Passion4Fusion and Mental Health and Money Advice.

Stephen Ingledew FinTech Scotland’s CEO said “This is an important aspect to the work of FinTech Scotland. Fintech provides a major opportunity to improve the way people can engage with their money and finances. The consumer panel aims to bring people directly into the conversation and increase inclusion within fintech and the financial services industry more broadly. It will give greater access to customer insights enhancing the focus for good customer outcomes which is our definition of what the fintech movement is.”

Speaking for Money Advice Scotland, CEO Yvonne MacDermid welcomes this initiative. “Working with fintech propositions will help the debt advice sector connect with more people in a range of different ways and enable consumers to gain confidence in using digital applications”

Kate Forbes MSP fully endorsed this initiative saying “The FinTech consumer panel will help drive inclusion across our society and economy as we make new technological and digital developments. This is a hugely positive and practical step that will ensure that our people are fully involved in the digitalisation of our technology and financial services”.

67 COMMENTS

  1. Does your site have a contact page? I’m having problems locating it but, I’d like to shoot you an e-mail.
    I’ve got some creative ideas for your blog you might be
    interested in hearing. Either way, great site and I look forward to seeing it develop over time.

  2. Hi there, just became alert to your blog through Google, and found that it is really informative.
    I’m gonna watch out for brussels. I’ll appreciate if
    you continue this in future. Many people will be benefited from your writing.
    Cheers!

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Sponsor

Our Other Titles

Latest

Former IBM Greencok site cleared ahed of potential £100m rejuvenation

GROUNDWORK to prepare the historic IBM Greenock site for a potential £100million residential and commercial transformation has begun in earnest.

Continued growth for Addleshaw Goddard in Scotland

DESPITE a challenging period, Addleshaw Goddard has continued to see growth in Scotland, the rest of the UK and internationally with revenues...

Anti-counterfeit team set up by Scottish IP firm to tackle scourge of replica goods

A SPECIALIST anti-counterfeiting team has been created by IP firm Marks & Clerk in response to the growing counterfeit goods trade, which...

Logan Energy gets hydrogen on the road in multi-million pound Teesside project

EDINBURGH-based hydrogen technology specialist, Logan Energy, has been chosen as the preferred partner to supply two of the first publicly-accessible hydrogen refuelling...

Orbis Protect acquires Glasgow-based Optosafe

GLASGOW-based Optosafe has been acquired by Orbis Protect. The deal comes comes following a sustained growth in Orbis Protect...