First UK FinTech Consumer Panel has been launched in Scotland

For the first time in the United Kingdom, a consumer panel has been launched for the fintech sector.

FinTech Scotland – a part-government part-university founded organization – wants to connect consumer advocate groups with the fintech community, giving citizens the chance to be included, solve problems and innovate alongside the entrepreneurs.

The aim is to create an “inclusive network” of consumer’s opinion which is easily accessible to fintechs.

First UK FinTech Consumer Panel has been launched in Scotland

The consumer panel aims to bring people directly into the conversation and increase inclusion within fintech and the financial services industry more broadly,” says FinTech Scotland’s chief executive Stephen Ingledew.

He adds:

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.

Founding members of the new panel include Money Advice Scotland, the Scottish government, universities, pensions services, age organisations and mental health services.

Money Advice Scotland’s chief executive Yvonne MacDermid says working with fintech ventures will “help the debt advice sector connect with more people” and give consumers more “confidence in using digital applications”.

Scotland is now home to more than 100 fintech firms. This is due to a combination of start-up enterprises, international firms moving to Scotland and existing technology companies developing new fintech solutions.

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About Chibuzor Aguwa 339 Articles
Chibuzor Aguwa is an Article Writer, ICT Specialist and an Online Entrepreneur. Like the saying does "All work and no play makes Jack a dull boy", some of my hobbies are listening to inspirational songs and watching football. A big fan of Manchester United Football Club.

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