A new report into the Leeds City Region FinTech ecosystem has highlighted significant growth potential for FinTech, driven by the established Financial Services sector’s increasing desire to engage with FinTech innovation.

The report details the output of an extensive analysis and has been supported by a number of key organisations in the Leeds City Region including Leeds City CouncilCYBGFirst DirectYorkshire Building SocietyBruntwoodEquiniti Credit ServicesNexus (University of Leeds)Leeds Beckett University, and FinTech North.

Based on research conducted over several months, the Leeds City Region’s FinTech ecosystem has strong Financial Services, data and technology sectors, with a clear demand for FinTech innovation and partnerships from established Financial Services and technology stakeholders. The research also identifies significant growth potential due to a lower than expected number of FinTech start-up and scale-up firms relative to its supportive ecosystem, and a lack of hubs and workspaces dedicated to FinTech in the region. As a result, the ecosystem is only partially formed, and represents an opportunity for new FinTechs in the region.

See the attachment at the top of the page to download the report or visit the press release for more information on the publication here.