As an emerging powerhouse in financial technology, JAXUSA is representing the Jacksonville region’s assets and opportunities overseas at London Fintech Week this week.
Jacksonville’s emergence as a leader in the fintech industry complements its long history as a banking and finance center. With more than 20 major banks, insurance and investment firms on Fortune’s Global 500 List, companies in this space are flocking to Northeast Florida due to having no personal income and payroll taxes and a low corporate tax rate.
Throughout the Jacksonville region, a collection of leading companies is creating a fintech ecosystem that is positioned for long-term success. The region has a strong technology base, a growing talent pool and offers a pro-business community that provides the perfect environment for fintech firms to thrive. Among the ranks are major players like Jacksonville-based Black Knight and SS&C Technologies, SoFi, SmartStream Technologies and Deutsche Bank, who have experienced expansion efforts in the region over the last few years.
Central to the area’s fintech focus is Jacksonville-based FIS, a Fortune 500 company and the largest fintech companies in the world, following its 2019 acquisition of Worldpay. In that same year, FIS announced the creation of 500 new high-wage jobs and $150 million in capital investment with the construction of a new 300,000-square-foot headquarters along downtown Jacksonville’s riverfront opening in late 2022.
Solidifying Jacksonville’s stature as a fintech hub, Dun & Bradstreet, a leading provider of business decisioning data and analytics, moved its global headquarters to the region, bringing with it 500 new high-wage jobs and $75 million in capital investment.
According to Dun & Bradstreet CEO Anthony Jabbour, “Jacksonville is an attractive marketing to recruit and retain future, diverse talent and we look forward to building our presence in the market and creating greater opportunities for advancement for the local community.”
The region’s tech leaders agree that Jacksonville’s innovation ecosystem is ripe for tech, particularly in the fintech space, highlighting why companies and talent should be here: