Nicola Anderson

The partnership builds on NCR’s strong innovation track record as a software and services provider with a long-established heritage of applying new technology developed through its Dundee Discovery Centre.

The announcement follows the recent release of FinTech Scotland’s ground-breaking Research and Innovation (R&I) Roadmap which, developed in conjunction with key players in the financial industry, includes a key focus on the future of payments and transactions and financial regulation.

Spanning more than 130 years, NCR has a rich history of delivering innovative solutions for consumers and businesses. With expertise in payments, transactions, digital banking and strategic advisory services, NCR will join FinTech Scotland and its other thirty strategic partners, including fourteen of the largest financial services firms, to drive forward a customer- and digital-led financial innovation transforming how people, communities and businesses engage with money and finance.

FinTech Scotland, the cluster management body for strategic partnerships within the country, will work closely with NCR, a major employer in Dundee, and its 600-strong financial experts in the region to develop innovation opportunities with fintech firms and financial institutions, plus the wider cluster stakeholders such as universities and innovation centres.

Nicola Anderson, chief executive, FinTech Scotland, said: “We are hugely excited to about the strategic partnership with NCR and their dynamics and pioneering approach to developing technology will further accelerate innovation with fintech SMEs and large financial firms in the cluster. Our industry-driven, action-orientated R&I Roadmap will provide the ideal framework to advance new financial services innovations with NCR and we look forward to the collaboration with the NCR team in Dundee as well as the USA and across the globe.”

Colin Payne, corporate vice president, NCR professional services, added: “In my experience the value of regional fintech powerhouses is undeniable, bringing raw talent and passion into the space and guiding the development of next-generation financial businesses.

“In Scotland, this is particularly true given the rich engineering heritage, innovative mindset and history of outstanding customer-focused financial services – this unique combination brings us a new generation of powerful fintechs. We are delighted to partner with Fintech Scotland to support the scaling of these amazing new solutions.“