Software & Technology

Edinburgh has a rapidly growing financial technology (fintech) sector. Multiple financial services firms have chosen Edinburgh for their technology operations, including Tesco Bank, TSB, and Computershare, which has its Global Technology Centre in Edinburgh. Edinburgh has also attracted global fintech companies such as Zürich-based core banking software provider Avaloq (which has a research and development centre in Edinburgh); the American fintech company Broadridge; and wealth management platform provider FNZ. Global professional services firm EY operates a Fintech Lab in Edinburgh.

As a truly international capital city Edinburgh has a bright future and is a natural home for a global company. As a growing business we need the skills and hard work we see on offer in this city.

– Stuart Irving, President and Chief Executive Officer, Computershare

The Abacus Group, a leading Managed Services Provider to the alternative investment sector, has an office in Edinburgh providing research and development and customer support services. Clearwater Analytics, a supplier of automated data aggregation and reporting software for investment portfolios, has its European operations centre in Edinburgh. ClearScore has an open banking centre of excellence in Edinburgh. Other market-leading fintech companies with a presence in Edinburgh include the German company KAL (one of the world's leading ATM software providers), digital payments specialist Modulr, the Swiss company Tindeco (which provides software for portfolio management), the Singaporean company TranSwap (which provides a cross-border payment platform), and the American company Abacus Group (a provider of IT solutions for alterative investment firms).

“We uncovered that there is a rich pool of cyber-security expertise in the Edinburgh area. There is a consistent cadence of talent coming through the education system in Scotland and the new office directly enables us to capture a share of those skills.”

– Tom Cole, Managing Director, UK & Europe, Abacus Group

A number of fintech companies have originated in Edinburgh and gone on to national and global success. The innovative companies originating in Edinburgh include electronic point-of-sale and payment app specialist Graffter, payroll app developer fastP.A.Y.E., peer-to-peer lending platform LendingCrowd, AI-based trust and safety platform Pasabi, and fintech-for-media platform provider Recast.

FinTech Scotland, the representative body for Scotland's fintech sector, is based in Edinburgh.

Blockchain

Edinburgh possesses growing expertise in blockchain technology. Companies based in the city active in this field include Blockchain Technology Partners (which is partnering with the Tel Aviv Stock Exchange to develop a new blockchain securities lending platform), SICCAR (which uses distributed ledger technology to facilitate collaborations between different organisations), the blockchain solutions provider SageCity, the cyptocurrency wallet provider Zumo, and the ticketing platform provider Citizen Ticket. Start-up BetDEX is developing a new blockchain-based sports betting exchange.

Edinburgh is home to two academic laboratories focusing on blockchain research: the University of Edinburgh's Blockchain Research Laboratory, and Edinburgh Napier University's Blockpass Identity Lab.