North East England offers a superb support network for fintech companies and the region has an established supply chain of financial services companies with large technology operations and significant IT spend.
Dynamo North East is the only dedicated fintech cluster group in the North of England. It is made up of individuals working in the wider financial services sector and provides opportunities to collaborate, increase skills and explore innovative technologies.
Our ecosystem of business networks is strong. Sunderland Software City and North East and Tees Valley Digital Catapult are established centres of dedicated support that offer networking, training and investment advice.
We have strong academic research networks to facilitate knowledge transfer and the development of new technologies and services. Our universities are global leaders when it comes to supporting fintech companies.
Institute for Data Science (IDAS) is Durham University’s multidisciplinary platform for new ideas in data science. IDAS helps to develop the curriculum in the academic departments of Durham University at undergraduate and postgraduate level by providing an umbrella for the MSc in Scientific Computing and Data Analysis postgraduate course and by co-hosting the STFC-funded Centre for Doctoral Training in Data-Intensive Science (DDIS).
Durham University’s Computer Science Department has a wide span of research interests, including artificial intelligence (AI), machine learning (deep and shallow), data analytics and novel applied research. It has strong connections with industry (having worked with Microsoft, NVidia, Boots, Being, P&G and Dyson), has generated spin-offs such as Intogral and supplies all current REF impact cases.
Other facilities at Durham University include:
- Algorithms and Complexity Research Group
- Innovative Computing Group
- Centre for Banking, Institutions and Development (CBID)
- Centre of Innovation and Technology Management (CITM)
- Quantitative Research in Financial Economics (QRFE) Research Centre
Newcastle University’s AI and science research is distinguished by strong collaborations between researchers in computing and statistics. There is significant core expertise in machine learning and AI and these methods are applied to transform research and industry in a wide range of data-rich application areas. The university’s exceptional research has attracted over £100 million of external funding in the last decade, including major national projects such as the National Innovation Centre for Data and National Innovation Centre for Ageing. Newcastle’s core data science research in computing was judged as predominantly world-leading in the last UK Government Research Evaluation (REF).
The Northumbria Cyber Security Research Group leads Northumbria University’s research across this area. This multidisciplinary group combines technical research on biometric encryption, wireless sensor networks, web security protocols and image recognition, with human-centred work on usable security, privacy, trust and behaviour change.
Sunderland University has specialisms in advanced computer forensics, current issues in cybersecurity and digital forensics, and advanced cybersecurity.
Teesside University’s School of Computing is ranked as one of the 14 best in the world. Its Centre for Digital Innovation looks at computational systems biology and data analytics, beneficial artificial intelligence and STEAM education. AI and machine learning, visualisation techniques and communication technologies are central to much of the university’s research. It has also recently been awarded several scholarships through the Office for Students for its MSc programme in Applied Data Science.