Fintech a ‘key priority area’ for Northern Ireland

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Northern Ireland’s fintech sector is a “priority area”, said the region’s economy minister.

Speaking at the first ever Northern Ireland FinTech Symposium, held in Belfast yesterday (23 March), Northern Ireland’s Economy Minister Gordon Lyons MLA said the region was building a “global fintech reputation” underpinned by a highly skilled and adaptable workforce. and “a business-friendly culture with innovation and collaboration at its heart”.

The symposium was hosted by Fintech NI and brought together over 70 delegates to discuss the future of fintech in Northern Ireland. Fintech NI aims to create thousands more jobs in the fintech sector and attract over £25m in foreign direct investment to the province.

Participants heard from Innovate Finance, the UK fintech industry body, as well as fintech leaders from Northern Ireland, Scotland, Northern England and the West Midlands. Key topics of discussion included how to strengthen the local fintech sector by advancing the local investment landscape and safeguarding the skills and talent pipeline.

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“The world may be changing rapidly, but we can always rely on Northern Ireland’s vibrant business community to continue to innovate and position our region as one of the world’s elite small economies,” said said Lyons.

“Nowhere is this clearer than in fintech, a sector that has grown significantly in recent years to become a key priority area.”

“It is sectors like fintech that are central to our economic vision, the 10x economy, and have the potential to be a window of opportunity for Northern Ireland.

“It’s great to see the Fintech NI Association bringing the industry together to celebrate all that has been accomplished to date and, more importantly, charting the course to become a stronger, more vibrant community that will benefit all of society. “

The event was supported by A&L Goodbody, Invest Northern Ireland, Deloitte and Fintech Nexus.

Andrew Jenkins, Chairman of Fintech NI and HMT Fintech Envoy for Northern Ireland, said the event “will be the first in a long series as we seek to implement our three-year strategy and take the sector fintech to the next level”.

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