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Scottish fintech may help shape mobile trading as it’s set to become such a major force for innovation in the coming years
Scotland is undoubtedly becoming a major hub of innovation and technology. With many opportunities for startups and entrepreneurs to begin business ventures and develop their own fintech, it is now possible that technology will continue to come out of Scotland which greatly benefits the financial sector. Here are some of the ways Scottish fintech might benefit mobile trading.
Booming financial sector
Scotland is laying fertile ground for fintech growth, meaning that there are numerous ways mobile trading could benefit from Scottish fintech. With more money being invested in fintech projects, it is likely that the scene will flourish in the years to come.
There are now fintech accelerators which can help startups take their operations to the next level and speed up the process of achieving business goals. One of the largest, Leve39, has stated that it wants Scottish businesses to ‘have access to our campus, our facilities and our mentors’. This will help to nurture Scottish fintech businesses until they are fully operational.
New trading technology
Since online trading is a technological innovation in itself, there have been constant improvements and developments since its inception. It is now by far the most common way for people to access global markets to buy and sell assets.
Mobile trading was one such development which revolutionised the online trading sphere, making it even more accessible and convenient for investors. It allowed platforms like metatrader4 to be easily transferred to mobile devices, and has opened up new possibilities for traders worldwide.
With this in mind, it is likely that plenty of Scottish fintech will focus on revolutionising mobile technology and creating innovative ways of improving the various financial applications which people use.
Since fintech seems to be gaining a lot of ground in Scotland, it could be the case that fintech firms find ways to make mobile trading even more advanced in terms of trade execution, usability and professional tools/features. One of the main problems with mobile trading is that it is confined to a small screen, whereas professional traders usually require multiple screens to operate effectively. If Scottish fintech were to solve this problem, it could have a very positive effect on mobile trading overall.
Ultimately, Scottish fintech may help shape mobile trading as it is set to become such a major force for innovation in the coming years. As Scotland now offers promising opportunities for fintech startups, there could well be scope for entrepreneurs to focus on making mobile devices a truly advanced, well developed platform for traders worldwide.