FinTech Scotland is an independent body established by the financial services sector, universities and Scottish Government to ensure that Scotland seizes the fintech opportunities and achieves positive economic and social outcomes by encouraging financial innovation, collaboration and inclusion as part of the country’s broader digital economy objectives. The organisation acts as a strategic enabler focused on leveraging the potential economic (i.e. productivity, business creation) and social (i.e. access to financial services and employment) benefits arising from becoming a leading global centre focused on data driven fintech innovation. FinTech Scotland’s objectives are to develop an innovative community of fintech firms, generate impactful collaborations between firms of all sizes and foster an inclusive cluster which is globally recognised. FinTech Scotland was initially founded in January 2018 as a joint initiative by Lloyds Banking Group, HSBC, University of Edinburgh, Scottish Government and Scottish Enterprise. The organisation is now supported by a broad range of global financial services, technology and professional services firms as well as University of Edinburgh and University of Strathclyde, the Financial Conduct Authority, Scottish Government and Scottish Enterprise In January 2020, FinTech Scotland was formally recognised for the development for the fintech cluster in Scotland and accredited with the bronze label for Cluster Management Excellence by the European Secretariat for Cluster Analysis.