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The Fintech Times

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Fintech Continues to Boom in Scotland, as FinTech Scotland’s Ecosystem Surpasses 11,000 Employees

  • The fintech ecosystem FinTech Scotland has seen over 11,300 people working in the fintech sector in 2024, with an eight percent year-on-year employment growth.
  • Scotland has witnessed a tenfold increase in fintechs since 2018, highlighting the success of the fintech cluster formed by FinTech Scotland.
  • The growth of the fintech sector in Scotland contributes to the UK Government Modern Industrial Strategy and emphasizes the importance of clusters in unlocking the potential of cities and regions.
  • FinTech Scotland's Financial Regulation Innovation Lab (FRIL) has attracted £18 million in investment in its first year, bringing together financial and technology institutions to address industry challenges and create new products.

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