ATLANTA, GA–April 20, 2016– FinTech Atlanta, the financial technology task force founded in 2015 by the Metro Atlanta Chamber (MAC), the Technology Association of Georgia (TAG) and American Transaction Processors Coalition (ATPC), has named the 20+ companies who will serve as founding members of the organization. These companies met in late February to begin the task force’s work to develop Atlanta as the recognized global capital of the FinTech industry.
“FinTech companies deliver the financial infrastructure every organization utilizes to manage their operation, from accounting to payments and beyond. FinTech solutions power the global economy.” said FinTech Atlanta’s chair, Barry McCarthy, executive vice president of Network and Security Solutions at First Data. “Atlanta has quietly become the global capital of this critically important sector. Through the FinTechAtlanta initiative, I am confident Atlanta will become the recognized global home of FinTech by 2020, just as New York and London are the recognized headquarters of finance.”
The task force will have three main goals: to recruit companies, capital and talent in the FinTech industry; to retain our existing companies and workforce, and to expand our presence in the industry via organic growth and by extending the FinTech ecosystem. The Task Force will do this by developing a skilled workforce, fostering innovation, promoting the story, and working with legislators to make Atlanta and Georgia the best place to conduct business.
FinTech Atlanta is modeled after MAC’s successful Mobility Task Force that launched in 2012. Today, Atlanta is home to more than 90 FinTech companies employing 30,000 people. Additionally, 85 billion transactions, or more than 70 percent of U.S. credit card swipes, debit card payments and gift card purchases, flow through Atlanta, according to ATPC.
“Metro Atlanta’s strong density in FinTech – which includes established corporations to emerging startups – is a major driver for job growth and innovation,” said MAC President and CEO Hala Moddelmog. “The FinTech Task Force serves as a powerful voice for growing and sustaining the region’s preeminent financial technology ecosystem and adding jobs to our economy.”
“Georgia’s FinTech companies process over 118 billion transactions per year; this is one of Georgia’s best kept secrets,” said Tino Mantella, President/CEO of the Technology Association of Georgia. “TAG and the TAG FinTech Society welcomes the formation of this new group and we look forward to strengthening and increasing its dominance as a global FinTech leader.”
“If Georgia’s public and private sectors continue to come together in support of the industry through initiatives like the Task Force, in less than a decade we will see Georgia’s Transaction Alley emerge as the center of gravity for all things FinTech,” said ATPC Executive Director H. West Richards. “Transaction Alley with be the global go-to resource for FinTech innovation, education and talent.”
The Atlanta-based organizations who are founding members of FinTech Atlanta include:
|American Transaction Processors Coalition||Bain and Company||Cardlytics||The Coca-Cola Company|
|ControlScan||Delta Air Lines||Elavon||Equifax|
|First Data||FIS||Fiserv||Georgia Department of Economic Development|
|Georgia Tech||Global Payments||Holland & Knight||The Home Depot|
|InComm||Ingenico||Kabbage||Metro Atlanta Chamber|
|Merchant eSolutions||NCR||Noro-Moseley Partners||Paymetric|
|Patientco||Priority Payment Systems||Russell Reynolds||Sionic Mobile|
|Spencer Stuart||SunTrust||Technology Association of Georgia||TSYS|
|TTV Capital||University System of Georgia||UPS||Venture Atlanta|
About FinTech Atlanta
FinTech Atlanta was founded in fall, 2015 by a group of industry executives, supported by the Metro Atlanta Chamber (MAC), the Technology Association of Georgia (TAG), the American Transaction Processors Coalition (ATPC) and consulting firm, WNA, with the mission to establish Atlanta as the recognized global center for financial technology. FinTech Atlanta members work to recruit, retain and expand businesses and jobs across metro Atlanta and the state of Georgia.