Last month the new chair of FinTech Scotland was confirmed as David Fergusson, the chief executive of Nucleus Financial.

He will be joined by Linda Hanna of Scottish Enterprise, Hugh Edmiston from the University of Edinburgh, Louise Smith from RBS, Paul Ryan of IBM, Yvonne Dunn of Pinsent Masons, Kent Mackenzie from Deloitte and Melba Foggo of Sopra Steria, as well as Neil Cunningham of Equifax UK, Jude Cook from ShareIn and Anneli Ritari-Stewart from Dentsu Aegis Network.

In addition, Maggie Craig, Scotland head at the Financial Conduct Authority, and Karen Rodger, Head of Financial Services and Fintech Policy at the Scottish Government, will attend board meetings in an observer role.

Fintech Scotland was set up last year by the Scottish Government, the University of Edinburgh and industry as a collaboration between the public and private sectors to grow the financial technology sector in Scotland.

The board members have been chosen as a cross section of the fintech community, including representatives from the six strategic industry partners of FinTech Scotland: IBM, Equifax, Pinsent Masons, Deloitte, Dentsu Aegis Network and Sopra Steria.

Commenting on the board appointments, Stephen Ingledew said: “I’m delighted with the diverse range of experience and expertise we will have around the board table to guide us in taking forward the FinTech Scotland plans.

“Each individual is passionate about making fintech a major success in Scotland and, at a personal and collective level, they will provide wise counsel and guidance in driving our core values of collaboration, innovation and inclusion.”