| “The I-4 Corridor that runs through Greater Orlando
is the mecca of the financial software industry – with
representation from four of the big six U.S. software players, and
one of the top international players, plus major financial services
institutions and insurance companies. Combine that with a financial
savvy and multi-language workforce and you get a location
that’s a global hub for the industry.” |
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— Terry Vannoy, co-founder
Optria
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The push for going green takes on a new meaning in Metro
Orlando, as the region has emerged as a national leader for the
financial services and financial technology industry. Led by top
industry players that have major divisions and operations based or
housed in Orlando – such as Fiserv, Harland, FIS, The Bank of
New York Mellon, Charles Schwab and Chase – this ‘most
wired U.S. city’ is home to over 50,000 financial services
and financial technology workers. Perhaps even more noteworthy is
the fact that Orlando is among the top metros in the nation when it
comes to employment growth in this industry. From 2003 to 2007,
Orlando’s financial service employment grew 13 percent, while
FiTech employment grew 30 percent.
Dominating industry growth here are companies in the key
segments of software development, banking and finance, investments
and insurance. And companies such as Fiserv and The Bank of New
York Mellon have expanded numerous times, bringing in sister
companies and subsidiaries. Additionally, Florida is second only to
New York in the number of FINRA securities licenses that are
critical to companies such as The Bank of New York Mellon and
Schwab.
The industry is bolstered overall by a world-class telecom
infrastructure, a strong and ever-growing technology base (which
includes more than 1,000 software and information technology
businesses), and a swelling number of knowledge and multi-language
workers coming from our community colleges and universities. In
particular, the University of Central Florida, now the fifth
largest university in the country, granting more than 800
economics, accounting and finance degrees annually and boasting
top-ranked engineering and computer science programs.
Rounding out Orlando’s competitive edge for the industry
is its central location with global access – one that
provides easy air access to nearly all major U.S. and international
financial centers.
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