One of the initial activities of the newly-launched Scotland and North America Fintech Gateway will see FinTech Scotland sign a memorandum of understanding with Atlantic Fintech in Canada to develop cross-border opportunities. The initiative has been launched by Scottish Enterprise and FinTech Scotland during National Innovation Week. Scottish Minister for Business, Richard Lochhead, announced the Gateway at the FinTech Scotland Festival. FinTech Scotland’s analysis shows that 30% of these firms are actively preparing to export, targeting key markets in North America, Europe and Asia Pacific. Of the 82 Scotland-based fintech firms which started elsewhere, a third are North America headquartered.