Mark Sanderson

The global business said Edinburgh offers an unrivalled physical base for cross-discipline, collaborative working – as it boasts a major European financial centre, established fintechs, start-ups, and renowned academic institutions with global reputations for artificial intelligence and informatics all next to one another.

Mark Sanderson, UK & international managing director, said that having a physical presence in the capital provides access to “an enviable pool of talent in service excellence and next generation fintech”, which he said is key to Praemium’s plans to grow UK headcount in client-facing functions and development over the next 2-3 years.

Mr Sanderson said: “We’re a digital-first business but we still need physical spaces for collaborative working. Edinburgh provides direct access to the best and freshest thinking in our sector, cultivated within a supportive - and fully supported - fintech ecosystem. And as we have our sights set firmly on leap-frogging developments in fintech and service excellence, we need to be in the thick of the pioneering action. That’s Edinburgh.”

The business’s premises on George Street have been fitted out for agile working and can accommodate up to 25 members of staff. It said it is starting small but sees Edinburgh as central to its future growth plans.

The city’s burgeoning fintech ecosystem, which benefits from local authority, Scottish and UK government support, was recently awarded a grant from the UK Research and Innovation’s Strength in Places Fund to create a new Global Open Finance Centre of Excellence, further cementing its position as a leading location for fintech research and development, according to the platform.