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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: Driven by Innovation, Proven by Performance · 2018-10-31 · Georgia is: • 1 of the top 10 states for high-tech job growth • 1 of the top 5 states for software publishing

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Page 1: Georgia: Driven by Innovation, Proven by Performance · 2018-10-31 · Georgia is: • 1 of the top 10 states for high-tech job growth • 1 of the top 5 states for software publishing

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

Page 2: Georgia: Driven by Innovation, Proven by Performance · 2018-10-31 · Georgia is: • 1 of the top 10 states for high-tech job growth • 1 of the top 5 states for software publishing

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