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14 September 2018

Scotland’s first ‘Fintech Skills Academy’ launches in response to growth of sector

Scotland’s first ‘Fintech Skills Academy’ launches in response to growth of sector: Fintech Skills academy

A consortium of international Fintech companies together with Fife Council, Fife College and Fintech Scotland, have joined forces to launch Scotland’s first ‘Fintech Skills Academy’.

The consortium, which includes Renovite Technologies and Ingenico Group, officially launched the Fintech Skills Academy at the premises of Paywizard in Kirkcaldy yesterday, September 13th.  

The aim of the Academy is to provide a steady flow of highly qualified applicants for the growing number of specialist roles in Fintech in the region and to avoid the potential of a skills gap developing.

The core members of the consortium were joined by members of the public, including current students of the college, along with other local Fintech businesses that have expressed an interest in joining the Academy consortium

Speaking at the launch event Jim Tomaney, chief operating officer at Renovite Technologies, said:

“As Scotland’s Fintech sector grows so does the demand for people with the right skills. To avoid the emergence of a skills gap, as we’ve seen happen in several other STEM industries, we’ve developed an innovative plan to pre-emptively plug it.

“The Fintech Skills Academy programme will help candidates successfully prepare for new roles while at the same time, help employers by improving candidate’s understanding of the standards Fintech employers want. It’s a win-win scenario that we hope will be replicated nationwide.” 

Matthew Jones, solution architect for Ingenico Group, added:

“Ingenico Group are strong investors in the training and development of our teams, but for start-ups and smaller businesses, allocating resources to bridging the gap between what students learn in the classroom and what they need to know at work is something rarely affordable. Our aim is to help provide that extra bit of experience and training through the Fintech Skills Academy, so when this generation of workers retire, the next generation will be ready.”

Courses to pilot from January 2019

The Fintech Skills Academy syllabus is aimed at both young people about to enter work for the first time and adults with a background in IT wishing to upskill or retrain specifically for employment in financial technology environments. Courses will be based on practical industry experience but taught in a structured learning framework, having been designed in a collaboration between Fife College and Fintech businesses.

Krystyna Marett of Fife College who is developing the course curriculums said:

“We are launching the Fintech Academy with a Retail Card Business Course January 2019 for IT professionals already working in the payments industry. We are excited to be working with Fife Fintech employers to develop training for their sector.”

Subject areas will range from specialisms such as payment processing to systems testing, device certification and business domain knowledge, amongst others. The courses at the Fintech Skills Academy will be funded by partaking businesses with the potential for further support where applicable.

Cllr. Altany Craik, Fife Council’s Economy, Tourism, Strategic Planning & Transportation Committee, said:

“This Fintech Skills Academy will provide an opportunity for Fife residents to access skills and jobs in a dynamic and growing sector within our economy. Building on the success of the Skills Academy model in other key STEM (Science, Technology, Engineering and Maths) industries, it will help to expand the Fintech Payments skills pool.

“I am delighted that the Opportunities Fife Partnership is working with Fintech Scotland and industry-leading, Fife-based companies such as Ingenico Group, Renovite Technologies and FIS Global to shape the content of the Fintech Skills Academy and offer opportunities to access their skills and experience.”

The FinTech Skills Academy launch is the first event in Fintech Scotland’s Fintech Fortnight which runs from September 13th – 27th.

Stephen Ingledew, chief executive of FinTech Scotland, said:

“Developing people’s skills in an imperative for the future growth of the fintech sector in Scotland and the launch of the Academy is a further indication that the community is turning its aspirations into tangible actions that will create great opportunities. It is very poignant that the Academy is being launched in Fife which has a deep heritage of innovation in financial services, especially in the category of payments, and I am delighted the initiative is being unveiled at the start of FinTech Fortnight.”

ENDS

Notes to editors:

Fife Council Economy, Planning and Employability Service is leading the project and will be working in partnership with the following organisations:

  • Opportunities Fife and Employers to provide Work placement and support
  • Fife College – developing and delivering the programme in partner with Industry experts
  • Skill Development Scotland and Fife College - Employer Engagement

Opportunities Fife is the employability partnership member who will help support work experience activities working closely with partner agencies and companies. For the purpose of this programme, it will consist of Fife Council employability and skills teams.

The Fintech Sector Academy Programme for 2019 will be monitored by the Employability Compliance Officer at Fife Council with the support Programme Delivery Teams.

ABOUT

Renovite Technologies Inc

Renovite Technologies Inc. is an electronic payments specialist with a proven track record of delivering and managing software worldwide. We are present across America, Europe and India supporting and delivering mission-critical payment systems. We are a company led by experts with an average of 25 years’ experience in delivering leading-edge solutions in the payments domain. Our core competency is the satisfaction of those leading-edge requirements through the deployment of a leading-edge technology coupled with a client-focused, 21st-century delivery model.

For more information, please visit: www.renovite.com

Ingenico Group

Ingenico Group (Euronext: FR0000125346 – ING) is the global leader in seamless payment, providing smart, trusted and secure solutions to empower commerce across all channels, in-store, online and mobile. With the world’s largest payment acceptance network, we deliver secure payment solutions with a local, national and international scope. We are the trusted world-class partner for financial institutions and retailers, from small merchants to several of the world’s best known global brands. Our solutions enable merchants to simplify payment and deliver their brand promise. Learn more at:


www.ingenico.co.uk | www.ingenico.com | @Ingenico

 

Contact information

Laura Suarez
Scottish Enterprise
0300 013 3306
07747 007256
laura.suarez@scotent.co.uk

Scottish Enterprise is Scotland's main economic development agency and aims to deliver a significant, lasting effect on the Scottish economy. Our role is to help identify and exploit the best opportunities for economic growth. We support ambitious Scottish companies to compete within the global marketplace and help build Scotland's globally competitive sectors. We also work with a range of partners in the public and private sectors to attract new investment to Scotland and to help create a world-class business environment.

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