THE body representing Scotland’s booming financial technology (fintech) sector has revealed a

“key strategic partnership” with Deloitte.

FinTech Scotland has appointed the business advisory firm as its global professional services partner.

Deloitte will aim to bolster Scotland’s international reputation in fintech through existing relationships with other global hubs for the sector and “innovation, collaboration and inclusion”.

According to recent Scottish Government figures, the sector has attracted nearly £37 million of investment in the last decade.

Fintech Scotland CEO Stephen Ingledew said: “We are hugely excited to be working with Deloitte as strategic partner. The firm has already contributed significantly in developing the fintech ecosystem in Scotland and its breadth of professional services expertise and market-leading capabilities will play a valuable role in achieving our ambitions.

“Furthermore, Deloitte’s respected global leadership role with the established and emerging fintech hubs around the world will play a crucial role in developing our international collaboration opportunities going forward.”

Deloitte was central to the creation of Fintech Scotland.

The firm was commissioned by the Scottish Government and Scottish Enterprise in 2016 to conduct a review of the sector, which lead to the development of a fintech strategy for Scotland.

It is now aiming to support the body through its experience of working with banks, helping them “understand and embed” disruptive technologies such as blockchain, artificial intelligence, and automation.

Kent Mackenzie, director and head of fintech at Deloitte in Edinburgh, said: “We are hugely proud to be named as Fintech Scotland’s global professional partner. Since late 2015, we have immersed ourselves in fintech, establishing what it means for financial services, and how Scotland can continue to establish itself as a leading global voice in the sector.

“Scotland’s reputation and expertise carry significant global weight and we intend to help to improve this position and accelerate further growth through our work with Fintech Scotland.”