Ten years on from Lehman Brothers – the CASS journey

CASS blog imageWhere did CASS as we know it come from? The Lehman collapse was the first time that the CASS rules had been put to the test on a large scale. The sums of money claimed by the UK investment bank’s clients were vastly greater than the sums segregated by Lehman’s as client money.

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Posted on 28/09/2018 | 0 Comments

Management Incentive Plans - The Good, the Bad and the Ugly

Duncan blog image sept 18

The growth of management and employee ownership in recent years has been recognised as a force for good in the success of such businesses in Scotland in recent years.  The benefits are obvious for both management and Private Equity (PE).  Those with an ownership stake are much more likely to be incentivised to drive a business forward, thus increasing the size of the ‘pie’ for the investors. 

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Posted on 21/09/2018 | 0 Comments

Fintech for good: Putting the focus on what is truly important

Fintech for good 3 aug

If Edinburgh is to be the data capital of Europe, we must use this as a platform to create and build solutions that can tackle some important issues. Examples of this could be in addressing challenges such as low levels of financial inclusion, a lack of financial education and awareness and help to structure a broader support network for marginalised communities such as the homeless, or supporting in reducing mental health issues caused by a lack of assistance for some people struggling to manage their finances.

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Posted on 02/08/2018 | 0 Comments

Vision 2035: Extrapolating the present won’t deliver for the future

Vision 2035 blog image

History is littered with examples of brands that once dominated their respective markets but, through a combination of lack of innovation, inefficient execution and focusing internally instead of on customers, have gone on to suffer a massive fall in market share against rivals.

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Posted on 11/07/2018 | 0 Comments

Fintech cities: Building an eco-system

Fintech cities blog_June18

Over the past few months, I have been working across several cities and regions, which have or hope to create, a fintech hub. Although they are all very different, in terms of their existing strengths, their potential, their approach and their progress, at their heart, the process each of these countries are going through to create an effective ecosystem is very similar and in many ways highly repeatable.

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Posted on 28/06/2018 | 0 Comments

A more positive outlook for Scotland’s economy

FoA blog imageScotland’s sluggish economic performance over the last few years has been well-documented. In the face of a difficult period for the North Sea oil and gas industry and, more recently, a decline in construction activity and subdued growth in services, the country’s economy has struggled to build any significant momentum. But could that be about to change? Progress is slow and continues to lag behind the UK, but there is an air of cautious optimism.

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Posted on 21/06/2018 | 0 Comments

Business intelligence, Big Data, AI and machine learning will drive business innovation

Edinburgh uni fintech blog use

To support Deloitte’s leadership role in developing the Fintech strategy in Scotland, we recently ran a workshop with the University of Edinburgh’s MSc Accountancy & Finance students to bring to life the complexities of developing and launching a Fintech start-up. With brilliant mentorship from Craig Paterson of the Data Lab, we set 3 teams the challenge of building a business case with projected expenditure and revenues, considering recent market opportunities presented by Open Banking, and capabilities such as artificial intelligence and robotics.

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Posted on 06/06/2018 | 0 Comments

The increasing accountability in Scottish tax

BF tax blogWith the introduction of the Scottish income tax, we now have a more direct link between the economy, tax receipts and the Scottish Budget. The significance of the Barnett Formula block grant has been reduced, and this will expose the budget in Scotland to the risk of a reduction in economic performance but will mean that the Scottish Government will have more to spend if the economy grows.

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Posted on 26/04/2018 | 0 Comments

Proper planning can help Scotland’s economy tackle Brexit

FoA blog imageWith the end of the financial year upon us, now is a good time to reflect on Scotland’s economic performance over the last twelve months and perhaps more importantly, consider the challenges that lie ahead.

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Posted on 29/03/2018 | 0 Comments

From Datathon to Deloitte: Now it's your turn to get involved...

Datathon invite image

With DataFest 18 coming up and Deloitte’s team organising our second Datathon in the Edinburgh office, I’ve been thinking about how I went from being a casual competition-goer to a consultant in the firm. To quote one of our directors, I’ve gone “from Datathon to Deloitte” – a journey I didn’t necessarily expect to go through one year ago. 

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Posted on 14/02/2018 | 0 Comments