The Technology Association of Georgia (TAG), the state’s foremost association devoted to the advancement of Georgia’s technology industry, showcased its FinTech society’s report, “The State of Georgia’s FinTech Ecosystem 2016” at this year’s TAG FinTech GA Symposium held at the Renaissance Atlanta Waverly Hotel.
TAG FinTech worked in partnership with Georgia Tech’s Scheller College of Business to create the extensive report about the state’s impact and role within the fintech industry.
Informed by original research and over 20 executive interviews, the white paper is a detailed study that provides important insights to the entire FinTech landscape including: the culture of innovation, accessibility to venture funding, availability of quality talent and the role of government and public/private partnerships. It contains valuable data, company lists, facts and executive perspectives on the state’s financial technology industry as well as the achievements and challenges facing the community. Some of the findings include:
- More than 30,000 Georgians are employed in the FinTech sector;
- Card processing firms are the most visible of Georgia’s FinTech activity, with three of the top five headquartered here;
- Georgia FinTech professionals view the critical mass of FinTech companies and skilled talent pool as key factors behind the state’s leadership position
The state’s FinTech ecosystem includes more than 90 companies.
“TAG FinTech’s State of Georgia’s FinTech Ecosystem 2016 is a vital resource for the entire technology sector- innovative start-ups as well as our base of larger established firms,” said Glen Sarvady, founding principal of Atlanta-based payment strategy firm 154 Advisors and steering committee member of TAG FinTech. “The report clearly lays out our state’s many strengths in the space, the foundation we’ve laid for a robust future, and the necessary steps to preserve our leading position.”
Information for the report was compiled from two dozen executive interviews, comprehensive analysis of public data and an online survey of over 100 FinTech professionals.
“Georgia's FinTech technology sector is an essential building block to our overall state economy, and our research indicates that it will continue to grow,” said Don Campbell, managing principal of RightCourse and steering committee member of TAG FinTech. “We are seeing FinTech as a significant, thriving economic driver, and growing recognition that our state is a leading growth hub for this type of activity with a role in global financial operations.”