EY Launches First Scottish Fintech Lab with Space Agency Partnership

EY has launched its first Scottish fintech lab in Edinburgh. The innovative space is designed to foster collaboration, experimentation, and rapid prototyping among start-up and scale-up companies in the fintech sector.

Purpose and Vision

The Edinburgh fintech lab brings together fintechs, investors, clients, regulators, and other partners, the lab will facilitate the development of real-world solutions that enhance market and customer service. The focus will be on creating innovative solutions to key financial challenges, particularly in sustainable finance.

First Cohort and Space Collaboration

The lab’s first cohort explored the intersection of space science data and finance. In partnership with FinTech Scotland, Space Scotland, and supported by the UK Space Agency (UKSA), the program aims to deepen the understanding between financial services and the space industry. A notable project by Environment Systems and Earth Blox utilised spatial data to optimise agricultural commodity production while ensuring compliance with environmental regulations.

Leadership Insights

Sue Dawe, EY Scotland’s financial services managing partner, highlighted the importance of sustainable finance and the lab’s role in fostering innovation within Scotland’s fintech sector. Nicola Anderson, CEO of FinTech Scotland, and Hina Khan, Executive Director of Space Scotland, emphasised the collaborative efforts to drive positive economic and social change.

For more information, visit EY Fintech Lab.