Fintech Scotland appoints new CEO
Fintech Scotland is an organisation that was est...
Fintech Scotland has announced the appointment of Stephen Ingledew as its new Chief Executive Officer.
Fintech Scotland is an organisation that was established by the Scottish Financial Enterprise (SFE) Fintech Steering Committee that aims to propel and innovate the country within the finance sector through the use of technology.
“Stephen has already indicated that he would focus his efforts on creating an integrated and thriving ecosystem through the provision of funding, support, infrastructure and talent that recognises and responds to the needs of all stakeholders and connect Scotland to other global Fintech centres,” Fintech Scotland said.
Ingledew previously held a number of senior roles at Standard Life between 2007-2016, as well as having worked as a Commercial Director at Barclays Wealth prior to this.
Further, Ingledew has vast industry experience, having also worked for Scottish Financial Enterprise; The Institute of Financial Services; The Chartered Insurance Institute and The Financial Services Authority.
“Our new CEO will work closely with a broad range of stakeholders including members the fintech community through the FinTech Practitioners Forum, SFE’s Fintech Steering Committee, and our 2 HM Treasury envoys,” said Fintech Scotland.
ServiceNow pumps millions into EU service compliance
ServiceNow, the digital workflow company, has announced a multimillion euro investment to help EU customers meet compliance requirements.
The legal, technical and organisational safeguards will help companies to comply with the the Schrems II judgment and European Data Protection Board (EDPB) Recommendations issued in June 2021.
ServiceNow’s investment means all EU-hosted data will be exclusively handled within the EU, and the cloud-hosted digital workflow provider claims its solution will come “without impact on current delivery and service”.
ServiceNow upgrade: free of charge
There will be no cost for current customers to opt in to the data compliance solution, even though ServiceNow is investing an unspecified multimillion euro sum and hiring more than 80 new staff across the bloc.
Mark Cockerill, vice president legal, EMEA and global head of privacy at ServiceNow, said: “With any regulation change, cloud services companies have a choice. They can adopt a ‘wait and see’ approach or get proactive and help customers and partners innovate. At ServiceNow we are on the front foot, continually investing in our customers, allowing them to operate with the highest level of choice and control over their EU data.
ServiceNow upgrade: ‘peace of mind’
“Our new EU-centric service delivery model will give our current customers and partners peace of mind. For customers and partners operating in highly regulated industries, or in the public sector, or those that have yet to make the switch to the cloud, this model gives them certainty and simplicity when selecting the cloud service that best suits their needs.”
Carla Arend, lead analyst, cloud in europe for IDC, said, “The Schrems II ruling has led European organizations to revisit their cloud-related data protection policies and processes when it comes to international data transfers through cloud services.
“Contractual, privacy, and security safeguards and the assurance that data will be kept and handled in the EU help European organizations to comply with European data protection laws while taking advantage of global cloud platforms. Vendors, such as ServiceNow, that invest to support their customers in response to this ruling are providing essential choice to their customers.”