The UK FinTech industry is evolving, currently home to over 1,600 FinTech firms and bearing witness to an increasingly sophisticated FinTech ecosystem as start-ups and established operators step up their collaboration efforts.
Interventions on the future of regulation, including the FCA’s Open Finance initiative and the Bank of England’s Future of Finance report, show there is a willingness to consider how best to support innovation.
Our report, produced in collaboration with TheCityUK and with the input of over 20 industry leaders draws on interviews with more than 20 individuals holding senior positions in UK, US and European FinTechs, financial institutions as well as UK and US regulators.
UK FinTech rose 18% to a record $3.3bn in 2018.
employed in FinTech and this is predicted to rise further to 105k by 2030
expect to increase their FinTech partnerships over the next three to five years
The report focuses on four elements essential to supporting the next stage of FinTech growth:
As a global leader in this space, the UK should be striving to match the innovation of our FinTechs with the collaboration and support of our regulators.