Manchester FinTech Virtual Mission

More than 100 virtual delegates heard about the benefits of establishing FinTech businesses in Manchester at an online event last week.

Organised and delivered by MIDAS – Manchester’s inward investment agency – the Manchester FinTech Virtual Mission attracted online delegates from as far as America, Australia and Singapore.

FinTech professionals from around the world heard about the continuing growth of Manchester’s thriving FinTech scene as well as from companies that have already invested in the city region and are driving the FinTech agenda.

Supported by Tech Nation, the Department for International Trade and FinTech North, more than 20 expert speakers participated in the two-day virtual mission; covering topics as broad as how to secure FinTech funding, setting up in the UK, partnering with universities and attracting specialist talent.

FinTech lead for Tech Nation, Liam Gray, opened the virtual mission by stating,

"It’s no secret the UK FinTech ecosystem is world leading, with £4 billion being invested in the sector in 2019 – double what was invested in 2018.”  

He added that around 45% of Europe’s existing and future FinTech unicorns have a base in the UK, also noting that the UK FinTech industry is rapidly growing – with Manchester’s ecosystem being one of the most prominent.  

Tim Newns, MIDAS CEO, talked about the convergence of Manchester’s long-standing financial and professional services scene with its continually growing and evolving digital and technology industry, which led Savills to name Manchester one of the top five European cities for FinTechs to locate in earlier this year – alongside London, Berlin, Paris and Barcelona. 

Participating in a showcase of FinTech operations in Manchester, Gaj Sasson, Managing Director of Bank of New York (BNY) Mellon, which has 1,500 employees across two city centre offices, explained the emphasis the bank has put on financial technology; praising Manchester’s talent, lower operating costs and lower cost of living for enabling it to compete with “nimbler and faster” FinTechs also based in the city region. 

Sitting on a virtual panel chaired by FinTech North, alongside representatives from pureplay FinTechs Raisin, Nivo and Collctiv, Sasson said:

"The simplest way I can introduce BNY Mellon is that we are the bank your bank banks with – but technology is technology no matter where you are, and we have some of the similar issues that smaller companies have. Manchester is a key part of our technology strategy and as we look at growth targets, such as where to establish an artificial intelligence or robotics team, hubs like Manchester that pop up on the list before London and New York.” 

Other sessions included representatives from Manchester’s digital skills and funding networks – both of which celebrated the collaborative nature of the city region.

Catch up on demand 

If you missed the live event, catch the sessions on demand at a time that suits you:

Introduction with Tech Nation – Manchester’s thriving FinTech scene 

  • Liam Gray, FinTech Lead, Tech Nation 

  • Tim Newns, CEO, MIDAS 

  • Deborah Walker, Head of Financial Services, MIDAS 

  • Rachel Eyre, Business Development Manager, MIDAS 

Attracting and retaining the right FinTech talent

  • Beckie Taylor, CEO, Tech Returners  

  • Amul Batra, Chief Partnerships Officer, Northcoders 

  • Adele Reynolds, Principal Skills Manager, GMCA 

Partnering with the city's pioneering universities

  • Markos Zachariadis, Greensill Chair of Financial Technology (FinTech) and Full Professor of Information Systems, Alliance Manchester Business School 

  • Rachel Kenyon, Business Engagement Lead for FinTech, University of Manchester 

Setting up a FinTech in the UK – in partnership with the Department for International Trade

  • Nigel Jones, Sector Specialist - Tech, Digital and Creative, Department for International Trade 

  • Luke Stubbs, Partner, Shoosmiths 

Securing FinTech funding in Manchester

  • Sam Booth, CEO, pro-Manchester 

  • Damian Mohammed, Investment Director, GC Angels 

  • Mark Robinson, Regional Head of High Growth & Entrepreneurs, Barclays 

  • Anish Kapoor, CEO, AccessPay 

FinTech North Showcase 

  • Julian Wells, Director, FinTech North 

  • Amy Whitell, CEO & Co-founder, Collctiv 

  • Polly Taylor-Pullen, Business Development, Nivo 

  • Kevin Mountford, Managing Director, Raisin 

  • Gaj Sasson, Managing Director, BNY Mellon 

Click here to learn more about the FinTech landscape in Manchester 
 

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