Sunday, 21 June 2015

London Technology Week: Britain's brilliant at FinTech - now it must realise its global ambitions

From City A.M. –
“Anyone who’s seen Love Actually will remember the speech by Hugh Grant as the Prime Minister when he stands up to the US President and explains some of the unique things about Great Britain that make our nation truly great.

“We may be a small country, but we're a great one, too. The country of Shakespeare, Churchill, the Beatles, Sean Connery, Harry Potter. David Beckham's right foot. David Beckham's left foot, come to that.”

Whilst we can’t profess to be great at everything, there are some areas that we are brilliant in.

Our ability to compete as the world’s fifth largest economy, or our efforts in hosting the Olympics in 2012 are both fantastic demonstrations of that.

Two areas that we are global leaders in are financial services and technology – no one can question that the UK has evolved a unique FinTech ecosystem with some of the world’s largest banks and some of the leading technology companies calling the UK their home. Some of the most important financial and technology standards have been set in the UK, which explains why 42 per cent (£420m) of FinTech investments into Europe in 2014 were made in the UK and Ireland.”

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