FintechNI has announced the appointment of Deloitte to support its development of a three-year strategy and roadmap to further develop Northern Ireland as a leading global fintech hub.
The move follows publication of the Kalifa Review earlier this year, which identified NI as one of the fastest growing Fintech clusters in the UK. The review also recommended the development of three-year strategy to support the continued growth of regional ecosystems across the country, in order to ensure the UK remains a global leader in fintech.
FintechNI is the independent, not-for-profit industry association representing Northern Ireland’s rapidly growing financial technology community.
Working closely with professional services firm Deloitte, FintechNI’s strategy will focus on three key areas:
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In November 2020, FintechNI published the first formal analysis of the Fintech ecosystem in Northern Ireland, revealing the region has the highest concentration of Fintech employment in the UK, with an estimated 7,000 FinTech related roles, while boasting core strengths in Regtech and Compliance, TradingTech, Cyber Security and AI and Advanced Analytics.
Alex Lee, chairman of FinTech NI commented, ‘This is a very exciting step for FintechNI and we are looking forward to working with Deloitte on this important piece of work. Having built some real recognition and momentum and over the last two years, we are now at a pivotal point in our journey to define how we as an industry can work together to accelerate our efforts and put Northern Ireland firmly on the global Fintech stage.’
Kent Mackenzie, Lead Fintech & Regtech Partner from Deloitte commented, "We have worked with countries from across the globe on developing these strategies and from my experience, it’s clear that Northern Ireland has a very unique and exciting ecosystem that has huge potential given due care and direction."
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