Membership organisation, Tech East, which is aiming to make the East of England the subsequent international tech cluster, has commissioned consultancy agency Whitecap Consulting to create a complete report on fintech in Norfolk. 

The brand new report will look to map and quantify the panorama of the fintech trade in Norwich and the remainder of the county, as Tech East begins its marketing campaign to develop the fintech scene throughout Norfolk – driving collaboration and funding within the sector.

Specialist knowledge companion mnAI will even produce a proprietary Affect Index evaluation on the contribution of cohort corporations to ESG (Environmental, Social and Governance) and sustainability targets to assist the report, which is deliberate to be printed at a launch occasion on 24 April.

A Hackathon delivered in affiliation with Aviva Foundry and a public occasion in partnership with FIGNorwich (Monetary Industries Group) will even type a part of the brand new initiative, alongside promotion of the sector on Tech East’s web site and different on-line channels. The Hackathon will happen from 8 to 9 March and can deliver collectively tech, innovators and businesspeople to discover key challenges and devise options over two packed days of collaboration.

Tim Robinson, chief government of Tech East, commented: “Norfolk’s rising fintech neighborhood is already enjoying a pivotal position in driving innovation and development inside the monetary know-how sector.

“Our purpose is to ascertain a vibrant ecosystem effectively related to the broader UK fintech trade that encourages collaboration, data change, and convergence of fintech startups, established entities, buyers, and supporting infrastructure.

“We’re inviting native fintech companies to become involved on this undertaking and attend key occasions to allow them to contribute to the event of the sector, profit from future alternatives and join with trade leaders.”

‘Getting Norwich and Norfolk on the fintech map within the UK’

Cllr Fabian Eagle, Cupboard Member for Financial Development for Norfolk County Council, mentioned: “Norfolk County Council is delighted to have been capable of assist this research into the potential of a fintech cluster in Norwich. Fintech represents a key alternative to inject development and rising talent units into the native economic system.

“We have now a rising variety of fintech companies inside Norfolk and incredible property, such because the Fintech Lab on the Norwich Enterprise College, UEA. We have now little question that companies coming collectively collectively will add appreciable worth and critically, deliver their voice to the nationwide stage as this thrilling sector develops.”

Steve Davidson, Chair of FIG, additionally commented: “FIG is delighted to be working in partnership with Tech East on this undertaking. The monetary {and professional} providers cluster in Norwich and Norfolk is effectively established. We all know the worth of collaboration and innovation and investing in know-how.

“For this reason we’re robust supporters of this initiative – the persevering with emergence of a thriving fintech sector is incredible information for all of us. Furthermore, we hope it leads to getting Norwich and Norfolk on the fintech map within the UK”