Royal Bank of Scotland brings Silicon Valley to Edinburgh
Royal Bank of Scotland has welcomed some of Silicon Valley’s leading lights to its Disrupt 17 event in Edinburgh.
17 August 2017
The bank’s Disrupt 17 event will hear from tech leaders and host speakers including influential Silicon Valley think tank Singularity University and RocketSpace, the world renowned tech incubator that helped the likes of Spotify and Uber get off the ground. The full day event will be attended by business people, tech entrepreneurs and some of the bank’s own customers.
The Royal Bank of Scotland has in recent years brought Facebook at Work - (now called Workplace), to its employees, introduced AI to help answer customer queries and deployed the latest in biometrics to halt millions of pounds worth of online fraud. These advances have come through the bank’s technology scouting network which takes in the UK, US and Israel.
The bank has built extensive links with innovative companies to enable it to deliver significantly easier, faster and more effective services for its customers.
The event is bringing the best of the world’s innovators to Edinburgh, supporting its growth as a leading Fintech hub in the UK. Edinburgh’s tech community now has a Fintech hub based at the bank’s HQ.
Simon McNamara, Chief Administrative Officer at Royal Bank of Scotland, said: “We’re really excited to be welcoming some of the world’s leading lights in digital innovation to our HQ in Edinburgh to discuss the latest trends in technology and continue the progress we’ve made together to develop new products and services that our customers really value.
“It’s vital that we continue to build relationships with innovative tech firms from around the world, so that we can make the very best technology available for our customers. This event brings partners, customers and colleagues together to help us do just that. This is also a great opportunity for Scotland’s burgeoning Fintech community to build new relationships with global tech entrepreneurs and help boost our economy in the long run.”
RBS has today announced that a two month trial of advanced ‘human’ artificial intelligence has been successful and it is to be rolled out more widely to support employees.
RBS has today committed to helping 2.5 million people in the UK each year to improve their financial capability.
RBS has executed a £1.1bn securitisation deal with Macquarie Infrastructure Debt Investment Solutions (MIDIS), which will allow the bank to recycle capital and increase lending to the sustainable or renewable energy sectors.
RBS has today announced a new £1 billion in funding through NatWest to support female entrepreneurs in the UK to scale and grow – the largest intervention by a UK lender focused specifically on female-led businesses.