Northern Powerhouse Virtual FinTech Mission Programme

Northern Powerhouse Virtual FinTech Mission to the US

MISSION CLOSED - RECORDINGS AVAILABLE

The Department for International Trade (DIT) invites businesses from across the Northern Powerhouse (NPH) region to express their interest to join a virtual trade mission programme and take part in our FinTech Mission to the US.

The mission is ideal for businesses working in the FinTech sector (including LegalTech and InsurTech) who are wanting to explore opportunities in the US. We also welcome companies from across the Financial and Professional Services sector who want to gain an understanding of the US market (Part 1 only).

We are delighted to be collaborating with FinTech North and DIT Atlanta, Georgia to deliver this mission. Georgia is a great place to start for UK companies wanting to break into the US market. Atlanta is known as Transaction Alley as it is known for being the payment capital of the US, processing roughly two thirds of all US payment transactions in 2018 (Technology Association of Georgia).

Past Events

Virtual Meet the Client/Customer Event 

• Potential client/customer introductions
• An opportunity to pitch your solutions to potential US clients
• Pre-matching with clients looking for your solutions to maximise potential outcomes
• Networking with other FinTech companies

Please note, companies who attended Part 1 of the mission will be invited to meet potential clients based on demand for their solutions and their readiness to enter the market. Companies who missed Part 1 can access the recordings below to ensure they are still considered for the Virtual Meet the Client/Customer event. 

Why you should join

• Opportunity to meet potential US clients interested in your solutions
• Cost-effective, risk-free insight to a key trading market
• Export-focused market and sector briefing with strategies for marketing your solutions in the US
• Expert overview and Q&A on regulatory aspects of market entry from key figures in the Atlanta Fintech ecosystem
• Support from DIT UK/US and the opportunity to find out about funding options for your business

The US is one of the most popular markets for NPH companies and understandably so, with massive opportunities for in the Financial and Professional sector and in FinTech specifically.

Why Georgia?

• FinTech companies in Georgia generated more than $72 billion worth of revenue in 2019, placing the state third in the nation, behind only New York and California
• Six of the largest FinTech firms in the world have consolidated into three and it all happened in Georgia: the $21.5-billion merger of Global Payments and TSYS, Fiserv’s $22-billion purchase of First Data and the $35 billion FIS/WorldPay merger. There is a strong effort to help these companies’ continued growth in Georgia
• Georgia FinTech players include big companies like Global Payments, Equifax, NCR, Fiserv, Elavon, SunTrust, InComm, Cardlytics, OneTrust, Kabbage, eVestment, a Nasdaq-owned company that provides institutional investment information and technology to its clients, and many more
• Microsoft Corp., a worldwide leader in software, services, devices and solutions, plans to invest $75 million to open a brand-new facility in Atlanta according to the announcement of the Governor of Georgia
• UK FinTechs that have established a presence and become successful in Georgia include: Salary Finance, Featurespace, TruRating

The US and the UK are both leaders in the FinTech landscape and share many similarities with market-oriented economies, comparable regulatory approaches, a common language, similar culture and a focus on innovation. This relationship offers a tremendous potential for the exchange of ideas as well as trade opportunities.

Delegates will receive support in advance of and after the mission from both DIT UK and US.

The virtual trade mission will give your business the opportunity to explore the US marketplace and look at the possibilities in the FinTech and broader Financial and Professional Services sector.

The trade mission is open to businesses from the NPH region working in the FinTech/Financial and Professional Services sector and we welcome multiple delegates from each company to part 1. To be eligible for part 2 of the mission, delegates must be from small or medium-sized enterprises with fewer than 250 employees which do not exceed €50 million in annual turnover.

These events would usually be chargeable, but we are pleased to offer the entire programme for free to eligible companies.

Join us for this great trade mission to explore the demand for your solutions in this popular market, get up to speed on regulatory considerations and get in front of potential clients and decision makers. 

Past Events

Understanding the US Market

This two-part introduction to the US will provide an overview of the market and give delegates an understanding of the opportunities and challenges of doing business in the US. The programme includes:

Roadmap for Success: US Market Entry Strategies & Opportunities

Click here to view the recording

•  Discussion by local experts on the current position of the US market, opportunities and challenges and how to succeed as a new entrant
• Advice and best practice from industry leaders on creating an effective US market entry strategy with a focus on the Atlanta, Georgia FinTech ecosystem
• A case study of a FinTech/FPS company based in the Northern Powerhouse successfully winning business in the US
• Information about the support available to your business including grants from DIT’s Internationalisation Fund to help you establish your business in the US

Speakers

• Robert Green, Senior Counsel, Holland & Knight
• Colleen Murphy Jones, Vice President, TrevelinoKeller
• Tommy Marshall, Executive Director, Georgia FinTech Academy
• Julian Wells, Founder, FinTech North & Director, Whitecap Consulting Limited
• Opening remarks by Andrew Staunton, Her Majesty’s Consul General in Atlanta
• Moderated by Colin Russell, Sector Specialist, Northern Powerhouse, DIT

Entering the US Market: A Regulatory Guide for FinTech Firms

Click here to view the recording

• Opening remarks by Andrew Staunton, Her Majesty’s Consul General in Atlanta
• An overview of the US regulatory frameworks and legal implications that FinTech companies should be aware of when setting up in Georgia
• Q&A with the opportunity to put your questions to the panel

Expert Panel Speakers

• Roth Kehoe, Partner, Holland & Knight
• Chris Stanley, SVP, Atlantic Capital Bank
• Tansy Jefferies, Principal RSM US LLP, Chairwoman & Immediate Past President of the British American Business Council Miami
• Jessica Washington, Federal Reserve Bank Atlanta
• Sam Taussig, Head of Global Policy, Kabbage

Part 1 of the mission is open to all companies of any size, at any stage of their export journey across the Financial and Professional Services sector based within the NPH region but some content may be more relevant to FinTech companies.

Agenda

Conditions

On registering for this event, we will be collecting personal information as part of our registration process. This information will be processed and shared within the Department for International Trade (DIT) and with selected third parties for purposed connected with DIT performing a task in the public interest or to fulfil an official function and the task or function has a clear basis in law. DIT takes your privacy very seriously. Your personal data shall be processed according to the Department for International Trade's Fair Processing Notice.

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