Fintech in Edinburgh

Global driver of fintech

Edinburgh has a rapidly growing financial technology (fintech) sector. Multiple financial services firms have chosen Edinburgh for their technology operations, including Tesco BankTSB, and Computershare, which has its Global Technology Centre in Edinburgh. Edinburgh has also attracted global fintech companies such as Zürich-based core banking software provider Avaloq (which has a research and development centre in Edinburgh); the American fintech company Broadridge and wealth management platform provider FNZ.

A number of fintech companies have originated in Edinburgh and gone on to national and global success. The innovative companies originating in Edinburgh include electronic point-of-sale and payment app specialist Graffter, payroll app developer fastP.A.Y.E., peer-to-peer lending platform LendingCrowd, AI-based trust and safety platform Pasabi, and fintech-for-media platform provider Recast.

 

 

As a truly international capital city Edinburgh has a bright future and is a natural home for a global company. As a growing business we need the skills and hard work we see on offer in this city.

– Stuart Irving, President and Chief Executive Officer, Computershare

Scaling in Edinburgh

Global fintech players grow in Edinburgh

Global fintech players grow in Edinburgh

Clearwater Analytics, a supplier of automated data aggregation and reporting software for investment portfolios, has its European operations centre in Edinburgh, while ClearScore has an open banking centre of excellence in Edinburgh. Other market-leading fintech companies with a presence in Edinburgh include the German company KAL (one of the world’s leading ATM software providers), digital payments specialist Modulr, the Swiss company Tindeco (which provides software for portfolio management), the Singaporean company TranSwap (which provides a cross-border payment platform), and the American company Abacus Group (a provider of IT solutions for alterative investment firms).

Edinburgh possesses growing expertise in blockchain technology. Companies based in the city active in this field include Blockchain Technology Partners (which is partnering with the Tel Aviv Stock Exchange to develop a new blockchain securities lending platform), SICCAR (which uses distributed ledger technology to facilitate collaborations between different organisations), the blockchain solutions provider SageCity, the cyptocurrency wallet provider Zumo, and the ticketing platform provider Citizen Ticket. Start-up BetDEX is developing a new blockchain-based sports betting exchange.

Edinburgh is home to two academic laboratories focusing on blockchain research: the University of Edinburgh’s Blockchain Research Laboratory, and Edinburgh Napier University’s Blockpass Identity Lab.

 

For further information visit www.investinedinburgh.com/fintech

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