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FinTech Scotland Expands Cluster with Mastercard and CMS as Strategic Partners
ByAinvest
Thursday, Aug 14, 2025 8:13 am ET1min read
FinTech Scotland has added Mastercard and law firm CMS as strategic partners to enhance its capabilities in financial and professional services. The partnership is expected to provide opportunities for collaboration and commercial avenues, as well as entry into international markets. CMS will contribute its expertise in digital assets and blockchain, while Mastercard will leverage its AI and Open Finance capabilities to drive fintech innovation. The move expands the Scottish Fintech Cluster's network to over 35 partners.
FinTech Scotland has bolstered its strategic partnerships by welcoming Mastercard and law firm CMS as new members of the Scottish Fintech Cluster. This move aims to enhance the cluster's capabilities in financial and professional services, fostering innovation and economic growth.Mastercard, a global payments giant, is known for its advancements in AI and Open Finance. The company is already engaged in fostering fintech innovation, particularly in AI and Open Finance [1]. CMS, with a team of over 5,000 lawyers, brings expertise in digital assets and blockchain technologies, which complement Scotland's initiatives in fintech innovation [1]. These additions are in line with FinTech Scotland's Research and Innovation Roadmap, which focuses on AI and Open Finance [1].
The partnership with Mastercard and CMS is expected to offer Scottish fintech companies opportunities for collaboration, potentially leading to the development of new commercial avenues and entry into international markets. CMS Scotland partners Bruce Harvie and Fiona Henderson expressed their excitement, stating, "We are delighted to announce CMS’s strategic partnership with FinTech Scotland, a collaboration that underscores our shared commitment to driving innovation, excellence, and growth across Scotland’s financial services ecosystem" [1].
FinTech Scotland CEO Nicola Anderson welcomed the new partners, highlighting their global reach and commitment to innovation. "We are delighted to welcome CMS and Mastercard to the FinTech Scotland Cluster. Their global reach, commitment to innovation, and deep sector expertise align perfectly with our ambition for the future of fintech innovation in Scotland" [1].
The Scottish Fintech Cluster now comprises over 35 partners, creating a conducive environment for fintech innovation and regional economic development. FinTech Scotland, launched in 2018, is a not-for-profit organization that brings together the financial sector, universities, and Scottish Enterprise to promote fintech innovation for Scotland [1].
References:
[1] https://finance.yahoo.com/news/fintech-scotland-adds-mastercard-law-121031455.html
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