EY is set to open an innovation hub in Bristol.

The multinational’s Business Research Innovation Technology and Engineering (BRiTE) hub will seek to “ramp up” capabilities in financial services design, data analytics and engineering to create “practical and tangible solutions” to some of the big challenges facing businesses.

The new hub and its directors - Dan Harris, Oana Beattie and Liam Snelling - will work closely with FinTech companies based in the south west to help serve clients locally, across the UK and internationally, EY said.

“The launch of the BRiTE hub is the latest in a series of investments that EY has made in the FinTech sector in response to growing market demand,” said Anita Kimber, partner and FinTech strategy leader at EY.

She continued: “The hub will bring new, innovative thinking and experience to the region, with a focus on user-centred design that helps to tackle real life business problems.”

The hub will also collaborate with the University of Bristol.

Noting that the Bristol and the south west region is widely recognised for its creative and innovative culture, Tom Ellson, director for innovation and entrepreneurship at University of Bristol, commented: “This has led to high profile international investment in a number of sectors from cybersecurity and technology through to financial services and engineering.”

Ellson added: “The BRiTE Hub’s arrival in Bristol will form part of a fast-moving ecosystem.”

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