Fife, Scotland’s Payments capital

In the Fintech Scotland financial and technology ecosystem, Fife has a key role. Some of the foundations of digital payments and transfer systems were pioneered by entrepreneurial innovation arising from the electronics industry. These young companies such as Fortronic and Level 4 software created foundations for the Payment industry. The cluster in Fife has global reach through mergers and acquisitions which have recognised and maintained the pool of skills and experience.

Payments is the leading category in Fintech investment world-wide

Scotland’s First Fintech Skills Academy

In 2018 Fife’s Fintech consortium, which includes several multi billion dollar multinational companies along with  younger local companies, decided on a concerted effort to build a much larger pipeline of skills and experience.  This would ensure that their businesses would not be constrained by a shortage of core Fintech skills.  In association with Invest In Fife and Fife College they created the first industry-led Fintech Skills Academy to build a skills pool to meet the future demand for qualified people.  The first payments course included students from Fife College interested in working in the sector as well as existing staff from the consortium.

Life Work Leisure

To attract the best in talent companies know they need to offer good working conditions and good life style choices

Living and working in Fife gives lower housing costs, an easier travel to work and it’s a great place to bring up a family

For employers, there is plenty of good quality accommodation at far lower cost than in Edinburgh. And employees are less stressed by the daily commute

Fife’s 120 small towns give a friendly community feel. For enjoying leisure time, there is plenty of choice from outdoor activities to motor sports and sailing, to theatres and galleries, enjoying great local food and drink, and, golf at St Andrews!

Fife Fintech Start ups go global

Paul Gardiner, now VP Global ATM Services for Cardtronics started his career with start-up Level 4 Software. Listen to how he describes Fife as being a perfect hub for a global business. After making this video Level 4 video was acquired by Clear2Pay which was then acquired by FIS Global a $40bn giant in Financial systems. On leaving FIS he joined Fife’s AIM listed i-design which led the way in adverting on ATMs. Cardtronics acquired i-design which was used by Sainsbury’s Bank when setting up their ATM screen. Paul now works in Dallas Texas

Ingenico History

  • Ingenico now employs 400 people in its newly renovated premises in DalgetyBay

 

  • The firm traces its history back to 1972 as Fortronic whose breakthrough came in 1977 when to developed and made the first automated counter terminals for Clydesdale Bank

 

  • Ingenico Fortronicwas De La Rue’s payments terminals business and was acquired by the Ingenico Group in 1999

 

  • Ingenico Group is now the global leader in seamless payment valued at $5 billion

Investfife team is dedicated to providing a one-stop service which is tailored to meet potential and existing investors’ requirements.

For further information, please visit  https://www.investfife.co.uk/ or drop us an email at Fifemeansbusiness@fife.gov.uk.

 

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  • AlluvieAlluvie
  • Bravura SolutionsBravura Solutions
  • SabbioSabbio
  • Pinerock FinancePinerock Finance
  • Inicio AIInicio AI
  • Hi55 VenturesHi55 Ventures
  • CodatCodat
  • Indigo.aiIndigo.ai
  • BankishBankish
  • Lerex TechnologyLerex Technology
  • CairtCairt
  • FaciitFaciit
  • LendinvestLendinvest
  • Beanworks by QuadientBeanworks by Quadient
  • Etive TechnologiesEtive Technologies
  • Trace Data LtdTrace Data Ltd
  • Onboard IDOnboard ID
  • Zing CoverZing Cover

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