Financial services and fintech

Scotland is one of Europe's leading financial centres and internationally recognised as the UK's largest outside of London. Discover what Scotland can offer to help grow your financial services or fintech business.

£7 billion High value

Scotland's financial and fintech industries contribute £7 billion to the UK's GDP

25-50% Savings

Scotland's cost-base 25-50% lower than London, Paris or Frankfurt

No. 1 Influence

Scotland is the UK's largest financial centre outside London

Why choose Scotland for financial services and fintech

Scotland has been ranked best performing destination for inward investment outside London for six consecutive years, since 2012, according to the EY Attractiveness Survey 2018.

Global financial institution, JP Morgan, has been located in Scotland since 1999 and employs 1,300 people across two sites in Glasgow and Edinburgh. The Glasgow office focuses on software development, including a mobile centre of excellence, working within the cloud

Find out why JP Morgan chose Glasgow for its fintech operations:

New technologies mean new challenges for the financial services industry. They can also mean new opportunities. Greater efficiencies, customer satisfaction, deeper analytics, digital technologies and automation are all primed to deliver increased value for innovative, forward-thinking financial services companies. All areas where Scotland excels.

Scottish companies and universities can help navigate these tricky challenges. They can provide and implement solutions to help improve business efficiency, productivity and growth. A good example of one of these solutions is in the ‘big data’ technology space within Scotland’s Data Lab.

"In Glasgow, we can tap into talent from the universities of Glasgow, Strathclyde, the West of Scotland and Edinburgh, amongst others."

Stephen Flaherty, managing director, JP Morgan

Talent. Connections. Community. Quality of life.

Reasons why Scotland is a brilliant place for financial services and fintech:

Our talented and flexible workforce make Scotland the natural choice for international companies, backed by a strong, connected community of professional advisers and suppliers.

*Employment growth in Scottish financial services outstripped that of the City of London in the last year, according to the latest research by TheCityUK.

Financial and fintech industries in Scotland employ over 85,400 people and contribute £7 billion to the UK’s GDP. It's home to over 600 financial and business service companies, complemented by 19 higher education institutes with over 280,000 students producing a stream of highly skilled graduates across finance, asset management, cyber security, data analytics and fintech.

Scotland has a modern infrastructure and excellent connectivity for financial and fintech companies, including five international airports with transport links across the UK, Europe and North America. We also have the **highest average fixed broadband speed for the UK.

Scotland has strong connections with financial institutions in the City of London. By locating in Scotland you'll benefit from a cost-base that's ***25-50% lower than London, Paris or Frankfurt. And with a range of funding and help available in a supportive business environment, Scotland offers an attractive nearshore location for your financial services operation.

**Source: 2018 Ookla speed test report

***Source: Financial Times, FDI Benchmark Tool


Money Dashboard app tags 500 transactions every second

Discover why Money Dashboard is a shining example of fintech in Scotland that has grown to be successful with our help:

Get the right business support

From financial assistance, to supporting staff recruitment and helping you identify the perfect location, we're here to help.

We'll work with you closely before, during and after your investment, to help you find the right:

  • Premises
  • Staff
  • Funding
  • Partners and suppliers

With support from us and our partners you can rely on established organisations like the Scottish Financial Enterprise, and Financial Services Advisory Board, chaired by the First Minister of Scotland, who are pioneering collaboration between the financial services industry, trade unions, and Scottish Government.

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Our people and skills

Access an exceptionally well educated, skilled and talented workforce.

If you have any questions or want to talk with one of our advisers, we're always ready to help.