| “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 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’
employs 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 third
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 Metro 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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