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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 aims to foster innovation and provide opportunities for Scottish fintech companies to collaborate and enter international markets. CMS brings expertise in digital assets and blockchain, while Mastercard is engaged in fostering fintech innovation through AI and Open Finance. The Scottish Fintech Cluster now comprises over 35 partners collaborating to drive regional economic development.
FinTech Scotland has expanded its strategic partnerships with the addition of Mastercard and law firm CMS, aiming to enhance its capabilities in financial and professional services. The move is part of the organization's broader strategy to foster innovation and provide Scottish fintech companies with opportunities for collaboration and entry into international markets.Mastercard, a global payments giant, is already engaged in promoting fintech innovation, particularly in areas such as AI and Open Finance. CMS, with a team of over 5,000 lawyers, brings expertise in digital assets and blockchain technology. These areas align with the objectives outlined in FinTech Scotland's Research and Innovation Roadmap.
The partnership with CMS and Mastercard will offer Scottish fintech companies opportunities to collaborate, potentially leading to the development of new commercial avenues and entry into international markets. CMS's expertise complements Scotland's initiatives, including the upcoming Centre of Excellence in Distributed Ledger Technologies, which is being developed in partnership with Edinburgh Napier University.
Bruce Harvie and Fiona Henderson, partners at CMS Scotland, expressed their delight in the strategic partnership, stating that it underscores their shared commitment to driving innovation, excellence, and growth across Scotland's financial services ecosystem. Nicola Anderson, CEO of FinTech Scotland, echoed this sentiment, noting that the partnership aligns with their ambition for the future of fintech innovation in Scotland.
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. The Scottish Fintech Cluster now comprises over 35 partners collaborating to create a conducive environment for fintech innovation and regional economic development.
References:
[1] https://finance.yahoo.com/news/fintech-scotland-adds-mastercard-law-121031455.html
[2] https://www.tradingview.com/news/reuters.com,2025-08-14:newsml_Zaw9q70cB:0-pressr-zand-and-mastercard-announce-a-strategic-collaboration-to-enhance-cross-border-payment-solutions/
[3] https://fintech.global/2025/08/08/almost-750m-raised-across-this-weeks-fintech-deals/
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