Geneva is the place to be for ambitious global fintechs this week. As a leading financial services event, the annual sibos exhibition and conference takes place from September 26 until 29, 2016. And SDI is pleased to attend the event.
If you're transported by technology, staggered by statistics and fascinated by one of the fastest-growing sectors on the planet, then look no further than sibos 2016. Over four days, tech heads, financial thinkers and delegates at large will be immersed in an industry that is taking businesses by storm.
For one week every year, sibos unites some 8,000 business leaders, decision makers and topic experts from many financial institutions, multinational corporations and technology partners.
Scottish Development International (SDI) looks forward to meeting delegates and companies at sibos 2016, introducing them to the many commercial opportunities within Scotland’s fledging fintech industry.
Scotland's fintech sector is a major player in Europe
Graham Hatton, SDI’s International Senior Executive for Financial and Business Services, says: “At sibos, we aim to meet people interested in Scotland’s growing fintech sector. Scotland is home to over 600 financial and business service companies, including global institutions such as Morgan Stanley, Barclays and JP Morgan which have innovative fintech operations."
Other large financial organisations include Virgin Money, Tesco Bank, RBS, PwC, Dell SecureWorks, Lockheed Martin and ZoneFox, while Scotland has a vibrant start-up tech community in amongst it 1000 technology companies.
Drawing on its large banking and financial status, Scotland is the UK’s leading financial centre after London, offering academic centres of excellence, which provide expertise and resources across all areas of fintech, including cyber security and big data analytics.
Leading innovation in the global financial services sector
The UK, including Scotland, recognises it has a huge opportunity to lead innovation in the global financial services sector. Economic activity in finance and insurance contributed £1126.9 billion or 8% of Gross Value Add to its economy in 2014.
NCR is a prime example of a global fintech that has taken advantage of Scotland’s thriving fintech industry. It acquired software supplier, Mobiqa, in Edinburgh and is now at the forefront of transforming its parent company from a financial hardware house to a major fintech player.
Today, with a revenue of over $6 billion, made up of 43% products ad 57% services, NCR intends to increase into a more software-focused organisation.
Its business is all about managing personal transactions, some 550 million of them daily range from cash machines through to point of sale devices to internet banking services.
Another example of a successful fintech in Scotland is Ingenico, a chip and pin payment technology firm that has its northern European office in Fife. With over 25 million terminals deployed in more than 125 countries, Ingenico chose Scotland for a number of strategic reasons – not least for its abundance of tech talent and fintech infrastructure.
Ingenico is a global leader in seamless payment solutions, working with 70% of the top 30 global retail brands.
Scotland is an excellent commercial environment for fintechs
Graham Hatton summed up: “Companies such as NCR and Ingenico clearly demonstrate that Scotland is an excellent commercial environment for fintechs to grow from the country’s well-established sector infrastructure. Scotland also has a thriving fintech start-up sector. I look forward to meeting people at sibos who are interested in either growing their firms here, investing here or partnering with existing fintech organisations."
You can reach Graham at sibos by emailing him - firstname.lastname@example.org or:
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