Ingledew will join CFIT as an independent non-executive director, alongside Alex Marsh, the former head of Klarna UK. The appointments aim to bolster CFITs governance structure while it starts bringing together time-limited ‘coalitions’ of experts. 

The aim of the coalitions are to bring better outcomes for small and medium sized enterprises (SMEs) in spaces like academia, technology, and policy. The first coalition will consider opportunities in Open Finance, according to CFIT. 

“Stephen’s experience in setting up and driving national fintech coalitions is invaluable to us. His four-decade long career facilitating collaborations across all UK regional fintech clusters will be instrumental in shaping our operating model going forward,” said the chair of CFIT, Charlotte Crosswell OBE.

Ingledew is executive chair of FinTech Scotland, and also one of the founders of the FinTech National Network, which collaborates across all UK regional fintech clusters.

With CFIT, he will establish and chair the Remuneration and Nomination Committee which is responsible for ensuring board members and executive directors possess the skills , experience, independence, and knowledge to succeed in the position.

Recommended

• Cloud First ‘23 | The Whats, Whys, and Hows of Cloud Centres of Excellence
• Scots Programme to Upskill Ex-Military to Fill Cyber Skills Gap
• Comment: 5G Could Supercharge Economy – If We Unlock Its Potential

Speaking on his new appointment, Ingledew said: “I am thrilled to have been appointed NED for CFIT.

“Having set up Fintech Scotland in 2018 to deliver positive economic outcomes through financial innovation, I have first hand experience of driving collaborations across diverse stakeholders and organisations and can bring my expertise to the team as we, jointly, lead the charge for financial innovation across the UK.”

Crosswell added: “We look forward to working with our new board members to execute on the CFIT mission to support the next stage of scaling for UK-based firms and to solidify the UK as the global leader for financial innovation.”

This announcement adds to an already exciting week in Scottish fintech. Yesterday, Edinburgh-based open banking service organisation DirectID entered a partnership with AI-powered lending platform Zinia AI.