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Georgia’s financial technology (FinTech) sector leads the nation. The state offers a critical mass of
companies, highly skilled talent, world-class logistics infrastructure and collaborative pro-business climate.
Georgia: Driven by Innovation, Proven by Performance
Georgia is home to 100+ FinTech companies:
ADP
Elevon
Equifax
Fiserv
First Data Corp.
FIS Global, Inc.
Global Payments
InComm
LexisNexis RIAG
NCR
S1
TSYS
World Pay
Georgia is the epicenter of payment processing, supporting 118 billion transactions annually.
• 70% of U.S. financial transactions pass through Georgia
• Top 50 Georgia-based FinTech companies generate annual revenue of more than $72 billion
• 6 of the 10 largest U.S. payment processing firms are Georgia-based
• More than $208 million in investments and 1570 jobs created in Georgia’s FinTech sector since 2013
• 115 information security companies in Georgia, which generate 25 percent of the worldwide security revenue market
• 16,250 technology companies employing 198,000 high-tech workers
• 37% of high-tech talent employed in software and IT services
• 30,000+ people employed by Georgia-based FinTech companies
• $2 trillion in purchase volume processed by Georgia FinTech companies
• Georgia FinTech companies serve 3.9 million merchants
TRANSACTION ALLEY
Georgia Department of Economic Development | Technology Square | 75 Fifth Street, NW, Suite 1200, Atlanta, GA 30308 - USA | (+1) 404.962.4000 | Georgia.org
Georgia is:
• 1 of the top 10 states for high-tech job growth
• 1 of the top 5 states for software publishing employment
• Ranked 11th in the nation for overall high-tech employment
Georgia’s colleges and universities offer a wide range of information technology courses, certificates, degrees and training programs. Public colleges and universities in the state award more than 2,400 IT bachelor’s degrees annually.
Georgia’s higher education institutions can custom deliver training to FinTech companies, working with the company to develop a curriculum –and student experiences– tailored to meet the company’s needs.
Ranked No. 1 in the U.S. for workforce training, Georgia Quick Start provides free, comprehensive workforce solutions for qualified new and expanding companies.
• Two of the country’s largest fiber routes (North/South and East/West) intersect in metro Atlanta, along with major research lines Internet2 and the National LambdaRail (NLR)
• Every major international and North American fiber provider possesses a core interconnection point in Atlanta
• Lower risk of business disruption based on Georgia’s geographic location
• Highly reliable, redundant electricity coupled with moderate costs
RESOURCES
American Transaction Processors Coalition atpcoalition.org
Technology Association of Georgia tagonline.org
FinTech Atlanta fintechatlanta.org
Metro Atlanta Chamber metroatlantachamber.com/business/technology/payment-processing
Georgia Center of Innovation for Information Technology georgia.org/COI
TALENT
ROBUST INFRASTRUCTURE
Georgia Department of Economic Development | Technology Square | 75 Fifth Street, NW, Suite 1200, Atlanta, GA 30308 - USA | (+1) 404.962.4000 | Georgia.org
TOP 5
ACCESS
STATES FORTOTAL FIBER/BANDWIDTH
17GC04799_Oct 2016
“Atlanta is the epicenter of financial services technology with access to innovative talent, infrastructure and creative business which positions us best for continued growth.”
- Tony Catalfano, CEO, Worldpay
State2010-2015 Historical Growth
2015-2025 Projected Growth
Florida -1.3% 9.5%Texas 5.4% 8.9%Georgia 8.1% 8.0%Washington 8.4% 6.5%United States 3.0% 5.1%California 10.0% 4.7%Massachusetts 2.8% 3.3%Illinois -3.8% 3.0%New York 3.9% 2.1%New Jersey -5.2% 2.0%Pennsylvania -8.5% 1.5%
Source: Moody’s Economy.com, October 2015 via Georgia Power
TOP GROWING IT INDUSTRIES