A £450,000 grant from
Scottish Enterprise is helping Glasgow based fintech disruptor
Soar develop a cloud-based,
fully-integrated banking platform for credit unions and other
not-for-profit banking organisations.
The grant has led to the creation of 15 additional jobs -
bringing Soar's total headcount to 22 - allowing it to target new
overseas markets including Ireland, Germany, the USA, Canada and
Australia.
Soar's new software will be the first of its kind, allowing
ethical banking institutions to analyse and manage data more
effectively and securely, use artificial intelligence, make better
and faster loan decisions and offer state-of-the-art online and
mobile banking products to their members.
Public Finance and Digital Economy Minister, Kate Forbes is
pictured with Soar's Eva Luckhiram on a recent visit to the
company's Glasgow office where she met the team and representatives
from credit unions.
She said: "Projects like Soar's help sustain Scotland's
international reputation for innovation, moving us closer towards
achieving an even more elevated status in the global innovation
sector."
Established just over a year ago, Soar has grown rapidly,
already developing a successful mobile banking app for credit
unions, helping them to stand out in an increasingly competitive
market.