NI recognised as key UK Fintech hub by new NI Fintech Envoy

  • HM treasury's recently appointed Fintech Envoy for Northern Ireland met with the Londonderry Chamber of Commerce and key Fintech leaders in the North West this week.

    The financial tech sector in Northern Ireland has been growing at a record pace over the past several years, with firms in Belfast and Derry competing in the banking and financial service tech sectors with global giants. The financial and professional service sector now employs an estimated 40,000 people across Northern Ireland, and around 25% of those are tech-focused roles.

    HM Treasury has recognised Northern Ireland as a key UK and global Fintech hub, and back in September it appointed Arity director Andrew Jenkins as the Fintech Envoy for the region. Andrew's role involves promoting Northern Ireland's booming Fintech sector and he's involved in establishing strategy to bolster NI's position as a global Fintech hub.

    Andrew met with Londonderry Chamber of Commerce president Brian McGrath this week along with representatives from local Fintech stakeholders FinTrU, Allstate, and North West Regional College. Commenting on his visit, he said "It is increasingly important that collaboration takes place across the various stakeholder groups and I am committed to continuing to work with these groups, businesses and individuals in the North West."

    One of Andrew's immediate goals is to help Fintech companies and startups in the North West find the sources of finance they need to start up and grow globally. Fintech has been recognised as one of the fastest-growing UK economic sectors and has been boosted by the ongoing adoption of digital banking, new global payment tech, and new finance models such as crowdfunding.

    Source: Written based on press release

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