An innovative cluster of financing companies, tech companies and educational institutions

We have a great environment for finance and an innovative cluster of banks, financing companies, insurance companies, tech companies and educational and research institutions working on the financial services and solutions of tomorrow.

The Finance innovation cluster has set ambitious goals on innovation, growth and value creation, and aim to increase export of Norwegian fintech to international and global markets.

Our project builds on regional business cluster dynamics, has a national scope and a global ambition. We welcome new fintech businesses to settle in our region.

International goals

The goal is to create new financial services and solutions through existing and new companies, and to increase the export of fintech to international and global markets, therefore the cluster is interested in your competence and your technology.

With a world class financial system, the third most efficient payment system in Europe and being the second most digitalised country in Europe, Norway is extremely well-positioned to take lead positions in, and significantly increase the export of, fintech both in Europe and overseas. With a wide range of players, including market leaders in banking, insurance, tech, and research along with a vibrant start-up environment and investors, the fintech cluster has the best of prerequisites to lead the way in building this position.

Regional starting point

Over the last decades, the finance sector and technology sector in Bergen have developed strong bonds based on common challenges and possibilities. With a rapidly accelerating digitalisation over the last years, the bonds have tightened into a vibrant fintech cluster with self-reinforcing effects and with national and international branches, collaboration being comprehensive.

The cluster has fostered the first only online bank in Norway, award winning user experience on mobile banking and payments, new technology driven banking start-ups, rapidly growing tech start-ups in for example robotic process automation, new flexible banking platforms, and a ground-breaking investment platform aimed for non-professionals.

The number of employees in the finance sector in Bergen is 6200, representing a value creation of 13.5 BNOK – a growth of 164% over eight years. The information technology sector has 3500 employees and a value creation of 4.1 BNOK, and the related education and research institutions 18400 students and 3800 employees.

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