The Rt. Hon. the Lord Mayor of the City of London, Alderman Alan Yarrow, witnessed the signing of a Memorandum of Understanding (MOU) to help the two capital cities promote technology companies supplying new and innovative software products to the financial sector.

Cllr Frank Ross from the City of Edinburgh Council, Owen Kelly from Scottish Financial Enterprise and Claire Cockerton from Innovate Finance, an independent membership organisation set up to harness and promote the Fintech sector and its various hubs across the UK, signed the MOU following a round the table discussion with a number of leading companies from the Fintech sector across Edinburgh.

The City of Edinburgh Council to ensure active engagement between Innovate Finance, Scottish Financial Enterprise Tech Forum and StartEdin (Edinburgh’s collective for the tech sector on events and policy development).

The City of Edinburgh Council to support Innovate Finance as a new stakeholder in its work with the FinTech business community and academic and policy advisers.
Innovate Finance and the City of Edinburgh Council will co-host a series of events in the region, in partnership with Scottish Financial Enterprise, StartEdin and key stakeholders within the FinTech sector.

Cllr Frank Ross, Convener of the Economy Committee, said: “As capital cities, Edinburgh and London are both globally recognised for their quality of life, culture and heritage. They have very strong connections and a lot in common as both have high-ranking universities that excel in international research and development, internationally competitive financial sectors, thriving property markets and strong ambassadorial and consular communities. This partnership is a great step forward in sharing knowledge and expertise to ensure both cities remain internationally renowned in this sector.”