FinTech Scotland partners with Deloitte and Sopra Steria

13 June 2018 Consultancy.uk

Professional services firms Deloitte and Sopra Steria are among a quartet of entities which have become strategic partners of a FinTech initiative launched by the Scottish Government. The groups will utilise their global resources to help drive interest in FinTech hubs in Scotland and abroad.

In the last decade, FinTech has attracted more than £37 million in investment in Scotland, according to Scottish Government figures published last month. Research has also suggested that FinTech could bring in as many as 30,000 jobs to the UK, and that UK FinTech is expected to employ an additional 100,000 people by 2030. In order to ensure that this growth is not simply monopolised by often London-centric businesses, Fintech Scotland is an organisation which was established by the Scottish Government, in collaboration with the nation’s financial services sector and the University of Edinburgh, to represent the country’s FinTech community. The group aims to encourage data driven innovation and collaboration activity north of Hadrian’s wall, in order to deliver inclusive growth and achieve critical mass in the sector.

Methods which FinTech Scotland supports in order to achieve this include facilitating an integrated and innovative FinTech ecosystem, supporting innovative and entrepreneurial purpose driven FinTech enterprises, and encouraging the development of relevant skills, as well as fostering diversity and inclusion to help the sector survive increasing competition for talent. The group is also committed to developing FinTech community engagement, inclusion and collaboration, and building international FinTech engagement and collaboration. To that end, the organisation has announced four new strategic partners from the professional services space, who will join Scottish Enterprise and Edinburgh University on the board to help deliver a range of initiatives.

FinTech Scotland partners with Deloitte and Sopra Steria

Big Four professional services giant Deloitte has been drafted in to provide global expertise on driving FinTech growth in Scotland and international hubs across the world. According to Kent Mackenzie, Director and Head of FinTech at Deloitte in Edinburgh, the firm will leverage its global fintech networks to provide advantages for business and organisations working with Fintech Scotland.

Mackenzie added, “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.

Deloitte is joined by IT consultancy Sopra Steria, a major global digital transformation organisation with a proven reputation for software, solutions and delivery. The firm has extensive experience helping public organisations to realise the potential of digital innovation, and was recently employed by the Financial Conduct Authority (FCA) to deliver the UK’s largest digital market data processing platform.

International digital media and marketing agency Dentsu Aegis Network, which recently added to its headcount with the purchase of Merkle, is also a new strategic partner, alongside Pinsent Masons – a law firm recognised as a global leader in FinTech and Open Banking. According to FinTech Scotland, the quartet of alliances are just the beginning, with more plans currently in the pipeline. 

Stephen Ingledew, CEO of Fintech Scotland, said, “Following many conversations with a range of large firms over recent months, these strategic partners demonstrated their commitment and market leadership which will support our aspirations and plans. We are currently in discussions with a view to confirming additional strategic partners in the coming weeks.”

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Grey Consulting and Makerversity announce strategic partnership

05 April 2019 Consultancy.uk

Grey Consulting has forged a new alliance with Makerversity, a 500-strong community of the brightest creative innovators, headquartered at Somerset House, London. The partnership hopes to tap into the experimental community to develop pioneering solutions for Grey Consulting’s clients.

In August 2018, one of the world’s largest design agencies surprised the business world by launching a dedicated consulting outfit. The news came as the two industries continued on their trajectory towards a historic synthesis. The consulting industry has been engaged in a pitched battle with the advertising and design space for the past few years, as the former increasingly encroaches on the territory of the latter via a protracted campaign of mergers and acquisitions; but there had been little traffic moving in the other direction.

At its launch, Grey Consulting was not billed as a direct competitor to established consultancies. However, the firm behind the new entity hopes that its creative experience will give it a competitive edge in winning consulting business from its existing clients. The Grey Group is a global advertising and marketing agency with headquarters in New York City, and 432 offices in 96 countries, operating in 154 cities. Grey Consulting opened its doors with a view to aiding clients within the areas of business and brand design, innovation and digital transformations.Grey Consulting and Makerversity announce strategic partnership

Now, as the firm looks to further expand its footprint in the market, Grey Consulting has unveiled details of a ground-breaking new alliance with Makerversity, a 500-strong community of creative innovators headquartered at Somerset House, London. The alignment with Makerversity is hoped to unlock the potential of collaborating with one of the world’s most experimental communities.

Makerversity curates and convenes the best talent across product design, fashion, art and experimental architecture, sustainable materials, IoT, digital manufacturing, and coding. It provides spaces and workshops for professional makers to develop and create their work, supported by Somerset House Trust. The alliance is expected to enable Grey Consulting to develop pioneering solutions for its clients, together with innovators who make something amazing for a living, every day. 

Leo Rayman, Grey Consulting CEO, commented, “This gives our clients the potential to access a network of some of the most diverse and innovative individuals in the world today. Being so tightly connected to a community of makers means we don’t just develop transformational strategies but can quickly realise them in three dimensions. This sets Grey Consulting apart from the pure play strategy houses who are sometimes criticised for not making their thinking real at the pace modern businesses require.” 

Fiona Dent, CEO of Makerversity, added, “Makerversity acts as a catalyst for unexpected encounters, fostering collaborations between an incredible range of the brightest leading creators and innovators. Our experimental approach and engaged members, whose own practice is defining our world, create highly original new outcomes. We are delighted to bring this philosophy to a wider audience and generate interesting projects for Makerversity members through our partnership with Grey Consulting.”