Local context
A capital where finance, data and culture share the same streets
Invest in Edinburgh describes a fast-growing fintech sector in the city. Banks and investment firms such as TSB and Computershare run technology operations here, global software providers including Avaloq, Broadridge and FNZ have a presence, and FinTech Scotland, the body that represents the sector nationally, has its home in the capital. Two university laboratories, at the University of Edinburgh and Edinburgh Napier University, research blockchain and digital identity.
Data is the other pillar. Scottish Development International points to the Bayes Centre, the National Robotarium, the Data-Driven Innovation hubs and CodeBase, which it calls the UK's largest tech incubator, as reasons the wider region has become a centre for data-led businesses. The Edinburgh BioQuarter adds health technology and life sciences to the mix, while the Port of Leith Renewables Hub links the city to offshore energy.
Then there is the Festival Fringe. It began in 1947, when eight theatre groups arrived uninvited at the Edinburgh International Festival, and it now runs for three weeks every August. Venues, producers, accommodation providers and hospitality businesses have to handle a year's worth of demand in a single month, and that pressure exposes every weak spot in booking, ticketing and staff rostering systems.