Economic Development Team Travels to Europe With Focus on FinTech

Thursday, July 6, 2017

Invest Atlanta traveled to Copenhagen and London recently to continue their work attracting global financial technology (FinTech) companies to Atlanta and the state of Georgia.

Randi Mason, Director of Economic Development at Invest Atlanta, joined representatives from the Metro Atlanta Chamber along with other regional partners at the Money20/20 Europe conference in Copenhagen, Denmark. Money20/20 is one of the world’s largest events focused on FinTech, with companies representing mobile, retail, marketing services, data, and technology. More than 3,700 payments and financial services professionals from around the world attended this year’s conference, including more than 1,000 CEOs.

Mason also traveled to the United Kingdom to meet with our counterparts London & Partners about the upcoming P20 Annual Meeting. The P20 will be the first transatlantic payments initiative of its kind, and will convene 20 of the most influential leaders in the payments industry and top UK and US officials and regulators.

The P20 will rotate annually between London and Atlanta, with the inaugural session taking place this October in London. Attendees will gather together to discuss the importance of payments and FinTech to the world economy, the vital role both London and Atlanta play in the industry, and how our cities can work together to promote growth of the industry globally.

Atlanta has become known as “Transaction Alley” thanks to the region’s robust and growing financial technology (FinTech) sector. Seventy percent of the nation’s financial transactions passing through Georgia-based software systems, and the state’s FinTech industry processes 118 billion transactions per year representing $2 trillion in transaction volume. Georgia is home to 90 FinTech companies, employing 30,000 professionals in state, and over 130,000 across the world.

Through incentives, permitting assistance, and recruitment efforts, Invest Atlanta has worked to attract several prominent FinTech companies to the City of Atlanta. NCR is bringing more than 5,000 jobs to its new headquarter towers in Midtown near Technology Square. Global Payments is investing $18 million in a new headquarters in Atlanta’s Buckhead community. And Equifax, the credit reporting and financial technology giant, invested $17 million for an expansion of their offices at One Atlantic Center in Midtown, and will bring 800 jobs into the city.