Georgia is 3rd in the nation, just behind New York and California in FinTech revenue. Georgia FinTech companies have produced more than $83 billion of shareholder value since 1995 and revenues are more than $34 billion annually.
Wages in Atlanta’s financial and IT industry are lower than competitive markets. Here, there is a convergence of three key sectors: finance, IT, and software, all of which have a strong presence in Atlanta, along with an abundant IT, software and financial labor force.
Atlanta’s Payment Processing Sector (Georgia Power 2011)
- Metro Atlanta’s payment processing employs nearly 40,000 workers
- More than 250,000 people work in finance-related occupations
- 80,000+ work in IT-related occupations in metro Atlanta
- Newly-located Fortune 500 headquarters such as First Data and NCR
- Wages in Atlanta’s financial and IT industry are lower than competitive markets.
- Convergence of three key sectors: finance, IT, and software, all of which have a strong presence in Atlanta (Georgia Power 2011).
- Abundant IT, software and financial labor force and competitive wages compared to competitive markets (Georgia Power)
Georgia’s FinTech Ecosystem (Georgia Power 2011)
- Trade Payment
- Electronic Billing & Presentment
- Retail Banking Solutions
- Capital Markets
- Prepaid/Loyalty & Points
- Gateways/Alternative Payments
- Card Processing/POS
Top ranked programs supporting FinTech:
- Goizuetta Business School- Emory University
- Georgia Tech College of Management
- Terry College of Business- University of Georgia
Top Payment Processing Employers:
- ADP, Inc.
- Fiserv, Inc.
- LexisNexis RIAG
- Macy’s Systems & Technology
- RBS WorldPay
- First Data Corp.
- GE Money
- Global Payments, Inc.
- S1 Corp.
- TSYS | Total Systems Services, Inc.
- Fidelity National information Svcs.