Fintech Scotland enters into a partnership with Morgan Stanley
Cluster management body FinTech Scotland has announced a new strategic partnership with Morgan Stanley, in a move the organization says will “further strengthen the growth of financial technology innovation and excellence across Scotland and accelerate the fast-growing sector’s global connectivity.”
Morgan Stanley joins FinTech Scotland’s existing strategic partners, including financial services firms, academia, technology solution providers and public sector organisations, in an effort to further enhance the development of Scotland’s fintech cluster through the support of strategic initiatives and the leveraging of cross-regional collaboration.
The collaboration will also support the firm’s Multicultural Innovation Lab and accelerator program, which promotes financial inclusion and provides access to capital and expertise for early-stage technology and technology-enabled startups led by entrepreneurs from diverse backgrounds.
Morgan Stanley has a workforce of over 2,000 in Glasgow and recently announced further investment in local talent, providing career opportunities for over 200 young people as part of its largest graduate recruitment programme.
The investment bank will involve itself in the collaborations that continue to advance the FinTech Research and Innovation Roadmap, which drives innovation in financial regulation, climate, open finance and payments and transactions.
Commenting on this new partnership, Khalid Rafiq, Chief Technology Officer in Glasgow at Morgan Stanley, said: “We are thrilled to deepen our ties with the Scottish fintech community and help foster the growing start-up ecosystem.
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“Playing an active role in the Fintech Scotland cluster not only ensures we fully support our local community, it gives us the opportunity to share our expertise and deepens our commitment to fostering tech talent and diversity to drive innovation and business value in vibrant Scotland marketplace.”
Nicola Anderson, CEO of FinTech Scotland said: “We look forward to working with Morgan Stanley, building even more global connectivity as we continue to build, grow and advance the FinTech Scotland Cluster.
Plans for the coming year will see more fintech innovation in the capital markets and further support to enable greater diversity infintech innovation. Morgan Stanley’s strategic engagement will enable further fintech innovation and opportunity in Glasgow, which continues to see fintech growth, building Scotland’s national reputation for fintech innovation.”
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