Leeds’ FinTech sector continues to grow according to a report

A report by Whitecap Consulting has found the FinTech sector in Leeds City Region has shown considerable growth.

The new report updates the previous one in November 2018, it dissects the region’s FinTech ecosystem.

Richard Coates, Managing Director of Whitecap Consulting said: “Our analysis indicates that in Leeds the focus tends to be less on startups, the supply side and more focussed on the demand side with a high presence of established financial services organisations seeking collaboration with innovative firms.

“This is being driven by increasing competition, new technology, increased customer expectations and challenges with in-house legacy IT systems as well as reflecting the shift to broader a digital economy.”

Leeds City Council is one of the organisations in support of the report, the Chief Executive Tom Riordan commented: “Leeds’ ambition is to be the best, most compassionate place in Britain for people to live, work, study, invest, stay and thrive.

“Our economy is exciting, modern, mixed and balanced. Our versatile technology sector is one of our great strengths.

“That’s why Leeds City Council are pleased to be supporting this update on the FinTech ecosystem research in the Leeds City Region.”

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