FinTech

The FinTech capital of the North

Technology is playing an increasingly important role in financial, professional and business services and Manchester has the talent to help companies grow their tech footprint.

The city has a strong collection of financial technology (FinTech) companies and departments; from well-established businesses, including The Co-operative Bank, HSBC and Barclays, supporting the financial services sector – to smaller firms developing innovative solutions that disrupt traditional business models.

As one of the UK’s fastest growing regions for FinTech, Manchester provides market opportunity, talent, cost competitiveness, research and innovation, and expert support. The city has also been recognised for its FinTech potential by industry body Innovate Finance and the Financial Conduct Authority.

The region is home to 80,000 technology professionals as well as several universities and institutes that have a proven track record of working closely with industry on research and development projects, in addition to providing FinTech businesses with a sustained talent pipeline.

MIDAS, Greater Manchester’s inward investment agency, helps businesses connect with this network of businesses and expertise to help them establish a foothold in one of the top locations for FinTech innovation and investment.

Why Manchester?

Manchester has established a strong business environment, which includes an existing eco-system of bank and insurance technology operations, a strong and growing pool of tech talent, and a robust technology infrastructure.

As well as being home to an array of big brands, Manchester has a growing presence of start-up FinTech firms specialising in a range of areas such as payments, software, platforms, analytics and cyber security. Sector growth in Manchester outstrips anywhere else in the UK, growing 50% over the past decade, which is five times more than the national average.

There is a genuine start-up culture in the city, with numerous tech events taking place and plenty of entrepreneurial spirit. There is also an array of FinTech and digital hubs in Manchester, from commercial accelerators to co-working spaces, providing a base for start-ups, SMEs and larger firms to collaborate.

Get in touch

To find out more about how MIDAS can help your business move to Manchester, get in touch with the team today. You can also keep up-to-date with us via Twitter and LinkedIn.

Download the FinTech Brochure here.