The Fusion of New Technology with Financial Services – FinTech: An opportunity for NXDs
This practical programme, led by experienced Chairs and NXDs, focuses on key issues which every NXD should be aware of and caters for those with interests in all types and sizes of organisations – listed, private, entrepreneurial, SMEs, public sector and not-for-profit. Each interactive session has been extended this year to provide even more vital learning to cope with a variety of changes facing Non-Execs.
Session 7: The Fusion of New Technology with Financial Services – FinTech: An opportunity for NXDs
Speaker: Stephen Ingledew CEO, FinTech Scotland
The financial services industry is changing at an unprecedented rate, as is the expectation of consumers and businesses. Fintech involves using new technology and data to transform how financial services can deliver better customer outcomes, improve efficiency and create innovative business models. It is applied through established financial services businesses, industry suppliers and new small and medium-sized entrepreneurial entrants to the market.
Scotland has all the participants, track-record, components and environment required to capitalise on this new fusion of financial services and technology to develop a thriving Fintech ecosystem. In fact, there is an opportunity to establish the country as a top five global Fintech centre with an international reputation for data driven innovation and inclusive growth.
Becoming a leading global Fintech centre will require the creation of an even more integrated ecosystem focused on data driven innovation driving inclusive growth through the provision of funding, business support, infrastructure and talent development. This creates opportunities for NXDs to help drive rapid and sustainable growth in these businesses. This session will therefore explain the Fintech landscape, challenges for companies in the sector, and how NXDs can help drive growth.