Spotcap Welcomes Applications for Fintech Fellowship to Address Skills Gap

Spotcap Welcomes Applications for Fintech Fellowship to Address Skills Gap
17.04.2018 05:27 pm

Spotcap Welcomes Applications for Fintech Fellowship to Address Skills Gap

Banking , Wholesale Banking , IT Innovations

Online lender Spotcap today opened the Fintech Fellowship to applicants. The programme offers an £8k award to a postgraduate student studying a fintech related course at a UK university. Applications will be open for four months and close on the 1  August 2018.

The fellowship launched last year to raise awareness of the fintech talent gap and to encourage industry stakeholders to get involved in addressing the skills shortage. Forty-two universities from across the UK supported the programme. Last year’s winner was Mohammed Hussan, who is using the award to support his MSc in Computer Science.

“Seeing positive collaboration between groups of talented entrepreneurs and established financial institutions really inspired me to apply”, said Mohammed. “I believe it is a game-changer.”

Fintech and talent

The fintech industry is the fastest growing sector in the UK with higher than average growth expected; however, finding the right talent can be challenging. 58 percent of respondents to the UK FinTech Census 2017—which was commissioned by HM Treasury—reported that they considered attracting suitable and qualified talent as one of their top three challenges, with access to coding and software skills being of particular concern.

Niels Turfboer, Spotcap’s managing director, comments: “The possibility that access to skilled workers from Europe will be reduced after the UK leaves the EU in March 2019, has put talent on everyone's radar. The fintech sector, academia and the government are all trying to find ways to plug the growing skills gap, but we can achieve more if everyone collaborates with each other.”

This year’s judging panel

Spotcap is delighted about this year’s Fintech Fellowship judging panel, which consists of the following key industry leaders and fintech experts:  

  • Marilena Ioannidou, Director & Team Lead on Fintech Investments, British Business Investment

  • Stephen Ingledew, Chief Executive, FinTech Scotland

  • Elizabeth Lumley, global fintech commentator and advisor

  • Tanya Andreasyan, Managing Director and Editor, FintechFutures/Banking Technology

  • Niels Turfboer, Managing Director, Spotcap

Marilena Ioannidou from British Business Investments, comments: “Initiatives such as the Fintech Fellowship are vital in supporting and inspiring talented graduates, helping to secure the future of the sector. ”

Elizabeth Lumley, a global fintech commentator and advisor, adds: "Fintech provides a great opportunity to improve banking and financial services for society as a whole. I welcome initiatives like the Spotcap Fintech Fellowship which can offer an opportunity for people to expand their knowledge and create innovation and advancement."

Tanya Andreasyan from FinTech Futures/Banking Technology adds: “Everything is speeding up, technology is making such huge strides forward. We have to make sure the industry keeps up with the times and the pace of change, and it’s great that initiatives such as the Fintech Fellowship strive to address the issue! Without the right talent, we won’t be able to progress – it’s simple as that.”

For more details on the fellowship, visit the dedicated site:

https://www.spotcap.co.uk/fintech-fellowship/

Related News

RBI publishes second edition of CEE Fintech Atlas

Today, Raiffeisen Bank International (RBI) is launching the second edition of its CEE Fintech Atlas. It provides a profound overview of 19 fintech ecosystems... Read more »

Robocash Group runs pre-IPO round to launch its Philippine neobank

Getting prepared for an initial public offering (IPO) on the Australian Stock Exchange (ASX) in December 2020, Singapore-headquartered ... Read more »

Cognitive Credit and IHS Markit enter strategic alliance to collaborate on global credit data services

Cognitive Credit, the UK-based credit analytics software company, is pleased to announce a new alliance that brings best-in-class credit market data from IHS Markit to the... Read more »

Sopra Banking Software signs strategic partnership with Tink

Sopra Banking Software (SBS), a global leader in digital banking and financing software, announces a strategic channel partnership with Tink, Europe’s leading open... Read more »

iProov to provide biometric technology to challenger bank Knab, part of AEGON

Today, iProov is proud to announce that its technology is to be deployed by Dutch challenger bank Knab, to provide an effortless online biometric experience to its nearly 500,... Read more »

FintechOS named the hottest FinTech Startup in Europe

FintechOS, the global provider of technology for the digital transformation of banks, insurance companies and other financial services organisations, is this year’s hottest... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel