Last week, FinTech Scotland announced its first partnership with New Zealand fintech hub, FinTechNZ. According to the Scotland hub, FinTechNZ is The New Zealand Financial Innovation & Technology Association. It is a working group focused on delivering economic growth in New Zealand through financial innovation. Slightly older than FinTech Scotland they have a member base of just more than 100. It also works closely with the New Zealand government to offer guidance on policies and regulations.
While sharing more details about the partnership, FinTech Scotland stated it is looking to develop a network with other international hubs and several reasons have motived the organization in doing so, which are the following:
Other hubs are not competition, but partners FinTech Scotland are keen to include in its network.
FinTech Scotland was created to be up to date with what’s happening around the world, identify collaboration opportunities and develop a unique offering.
The organization then added:
“One of our goal is to establish Scotland as one of the leading hubs in the world. With so much innovation happening in Scotland we need to outreach to other countries and ensure our success stories are relayed around the world. We also believe this is the best way for us to attract fintechs and incumbents looking for a new base as well as attract investors’ interest to fuel even more innovation.”