Fife, Scotland and its role in the foundations of Fintech from ATM to EFTPOS

1. Fife means business.
World Leading
Business and Financial Services

2. Fife means business.
Business and Financial Services
Fife Edinburgh City Region, Scotland

3. Fife means business.Fife means business.
In 2014/2015 Employment in the
Financial and Business Services growth
sector in Scotland stood at 226,700 or
8.9% of employment.
Total exports from the Financial and Business
Services growth sector stood at £12.6bn in
2014, accounting for 16.6% of Scotland’s total
exports.
In March 2015, there were 26,945 registered
enterprises operating in the Financial and
Business Services growth sector, representing
15.8% of all registered businesses operating in
Scotland.
Business and Financial Services

4. Fife means business.
Edinburgh City Region
Edinburgh is the UK’s second largest
financial centre.
It is one of the world's top fund management hubs
and a major European centre for asset servicing
employing over 36,000 people.
• Sainsbury’s Bank
• Lloyds Banking Group
• Sky
• Nationwide
• Vets Now
• Infoplex - Glenrothes
• TCM Solutions - Glenrothes
• Freeagent - Fife
• Intuitus - Cowdenbeath
• One Click Cash Collection - Glenrothes
Financial Services
Major UK Businesses
• Diebold - Dunfermline
• FIS Global - Dunfermline
• Ingenico - Dalgety Bay
• Verifone - Dunfermline
• Paywizard - Kirkcaldy
• Schneider Electric – Dunfermline
Global Business Services
Technology Growth Companies
• Cooper Software - Dalgety Bay
• Exterity - Dalgety Bay
• AviIT - Dunfermline
• Bitwise - Dunfermline
• Planys - Dunfermline
• Queensway Data Centres - Glenrothes

5. Fife means business.
Kirkcaldy
Fife’s three main population centres - Bridgehead,
Mid Fife and St Andrews – enjoy easy
communications with the rest of the Edinburgh City
regions and are well served by a variety of top
class business parks and office developments.
Connected
BRIDGEHEAD
MID FIFE
ST ANDREWS

6. Fife means business.
Evolution of Sector
• Global Business Services
• Secure Payments
• Business Systems

7. Fife means business.
Evolution of Fintech in Fife

8. Fife means business.Fife means business.
• Sainsbury’s Bank New customer services centre will employ 400 people.
• Lloyds Banking Group more than 3,000 staff in customer-facing roles for the retail division.
• Sky Dunfermline is its flagship operation and employs over 2,000 staff
• Nationwide World’s biggest building society expanding to pioneer Video conferencing advisory service and
now employs over 350 people .
• Vets Now Dunfermline supports 1000 vets practices across the UK and employs over 70 staff.
• Virgin Media based in Glenrothes, provide Technical support to Virgin Media customers across the UK.
• Schneider Electric (Acquired M&C) The leading global energy management specialist continues to expand.
Established for over 15 years the contact centre industry boasts a highly
experienced work force and companies are locating increasing value added
services here in Fife.
Global Business Services

9. Fife means business.Fife means business.
World Leading
“Fife has a proud
history of being at the
forefront of technology
and Innovation, especially
in self-service banking
technology.
Fife is the perfect hub for
a global business”
Paul Gardner
Operations Director
ATM Software Market leadership
Diebold acquired Phoenix Interactive and its base in Carnegie Campus in 2015
FiS Global originally Level 4 Software then Clear2pay payment and payment-related
solutions for financial institutions and their clients
Point of Sale Top 3 worldwide
Ingenico the Dalgety Bay site serves as growth engine for the whole Ingenico Group
Verifone the global leader in secure electronic POS solutions
Spire Payments is one of the fastest growing European POS solutions providers
Technology created in Fife has Global Reach

10. Fife means business.
Business Systems
Fife’s history of market leading financial services technology has led to the formation of
a number of software companies. The global presence of these produces and services
is the foundation for new Fintech companies to become tomorrow’s leaders.
Cooper Software is a leading technology consultancy and secure systems integration specialist.
Exterity solutions enable organisations to distribute broadcast quality digital TV & video over IP networks.
AvilT Software solutions for aviation industry and for international passengers
BitWise provide product development assistance to international high-tech OEMs.
Planys Mobile Mobile and Web App development company specialising is Strategic & Tactical Mobile &
SaaS systems
Cashmaster is a leading, global manufacturer of count-by-weight (CBW) cash management solutions.
Scottcomms (STG) is the UK's leading sports membership programme and industry innovator, delivering a
range of custom card-based solutions around the globe.

11. Fife means business.
Fife is within the Edinburgh City region.
The City Region Financial Ecosystem
has more FTSE 100 headquarters than
any other UK city outside London. It
ranks as the fourth largest financial
centre in Europe.
Of the region’s 1.6 million population,
23% live in Fife.
City region population
University Graduates
Accessibility
Source of
experienced
skills

12. Fife means business.
Connectivity
Physically connected Digitally connected
Road
Edinburgh (45 Minutes)
Dundee (45 minutes)
Stirling (55 Minutes)
Perth (45 Minutes)
Glasgow (1 hour)
Motorways
South via M6, M74, M8
and M1 North via M90
Air
Airport connections from
Edinburgh
20 direct UK
destinations
87 International
including the
US and Middle East
46 flights per day to
London
Rail
Main East Coast Rail link
Fife Circle – Edinburgh
Main West Coast Rail link
Freight links

13. Fife means business.
Living & Working in Fife
Fife is a destination of many contrasts, situated on the stunning East Coast of Scotland, Fife
offers a wondrous place to live; with a wide variety of options from vibrant bustling towns, to
quaint villages to from the breath-taking coast to the magnificent hills.
Fife offers an endless list of activities, fuelling your work–life balance:
• Blessed with a delicious natural larder - Fife is a foodies heaven - 3 Michelin
Star restaurants and endless award winning food and drink businesses to
visit.
• Fife has been voted Scotland’s number one outdoor destination for the eighth
year in a row by Scottish Natural Heritage – Fife is the home of Golf with over
50 golf courses & home to Scotland’s National Motorsport Centre.
• Fife is steeped in Culture; from Dunfermline, the ancient capital of Scotland –
highlighted through the world-wide TV hit series Outlander to visitors being
welcomed into Fife by the Scottish icon and a symbol of engineering prowess -
The UNESCO World Heritage Forth Bridge.

14. Fife means business.
Business Effectiveness
Property Costs and Supply
High Grade Property
In Fife there is a good selection of quality office
space, particularly within the Forth Bridgehead area
and Kirkcaldy’s John Smith business park.

15. Fife means business.
Staffing Costs
• Overall wage costs in Fife are on
average lower than in Edinburgh
• Pay differentials in typical Financial
Services positions show that Fife is a
better value location, especially for more
skilled or experienced jobs.
Sources: Tower Watson Salary Data & National Statistics, 2012
Annual survey of Hours and Earnings – workplace analysis, ONS

16. Fife means business.
Ease of Recruitment
Living costs
Lower mortgage payments
Public transport network
Leisure and Entertainment
Outdoor activities, cycling, walking, motor
sport, sailing, water sports, football, golf
Cultural activities locally and in Edinburgh,
Glasgow, Dundee and Perth
And not forgetting St Andrews!
As well as there being critical mass in the sector, Fife has other
factors that are attractive for bringing in new talent.

17. Fife means business.
Excellent Support Package
Financial Assistance
Regional Selective Assistance
(RSA) encourages investment creating jobs in
Scotland
Fife is the major area within Edinburgh City
Region that is eligible for RSA funding
32 Awards, £13.5m
Training & Apprenticeships
Opportunities Fife: Bespoke Training &
Recruitment Package
Funding support available
Transportation
Liaison with public transport providers to
establish new services

18. Fife means business.
A streamlined approach to supporting businesses across a
range of needs including recruitment, training, grants, funding,
planning permission, licensing, innovation and investment.
• Dedicated project team
• Nominated planning officer from Priority application team
• Liaison with public transport providers to establish new services
Fife Economy Partnership
• business-led
• brings together private, public and voluntary sectors
Opportunities Fife
• employability partnership Fife creating effective employability measures
Business Networks including
Strongly Networked Team – Partnership Working

19. Fife means business.
Proven Track Record
10 year average
570 jobs p.a
£80.2M
investment p.a

20. Fife means business.
Contacts
Invest in Fife offers a single door approach to working with inward and mobile investment projects
and has a proven track record in securing new business, jobs and investment for the region.
Iain Shirlaw & Ross Mackenzie will be the designated contacts for any project at Iona House, Kirkcaldy.
Ross Mackenzie
Invest in Fife Manager
Fife Council
07904 662242
ross.mackenzie@fife.gov.uk
www.youtube.com/InvestinFife
@investinfife
www.linkedin.com/company/invest-in-fife
01592 583639
enquiries@investinfife.co.uk
www.investinfife.co.uk
Iain Shirlaw
Economic Adviser - Investment
Fife Council
07850 21 21 99
iain.shirlaw@fife.gov.uk