FinTech Northern Ireland has announced a three-year plan to attract more FinTech investment into the country.
In Brief:
It plans to attract more than £25mn foreign direct investment.
FinTech NI has worked on the plans in partnership with Deloitte.
It says it wants 100 FinTech firms to be located in Northern Ireland by 2024.
What does this mean?
The roadmap follows the Kalifa Review into UK FinTech and aims to promote Northern Ireland as one of the most important FinTech clusters in the UK. Currently Northern Ireland benefits from its proximity to both Ireland (which is in the European Union) and the UK, as well as talent and skills – specifically around areas like cybersecurity and data.
At this time its FinTech cluster is valued at £392mn.
