The UK's offer Work with regulators with a mandate to help firms innovateAccess one of the world’s biggest pools of client and partner financial and professional services firmsReach out through a global network of fintech bridges reducing barriers to entry to international marketsBenefit from more fintech funding than any other centre in EuropeLead the field - in one of the world's most cutting edge fintech industriesJoin a growing community - the UK is home to over 3,200 fintech companies Fintech - Shaping the future of financial services The UK’s proposition for fintech is unique: world-class talent, UK-wide expertise, a forward-thinking approach to regulation, access to capital, and proximity to an innovative financial services sector. This ideal environment has put the UK at the cutting-edge of fintech innovation – from peer-to-peer lending to challenger banks, cyber, insuretech, regtech, AI, paytech, tech for good, and blockchain. Fintech is more than a subsector in the UK. The whole financial services industry has embraced its evolution, delivering new client-centric and innovative products, services, and solutions. Driven by innovation and technology, the sector is increasing the efficiency of established players and strengthening connections with financial centres across the world. Fintech bridges are already in place with Australia, Hong Kong, Singapore, China, and South Korea. Download the brochure for more on the UK’s investable FPS tech sector UK financial and professional services tech: innovation and investor opportunity UK financial and professional services tech: innovation and investor opportunity The UK is taking the lead – whether this is regtech, payments, artificial intelligence or tech for good. Powering the fintech revolution Powering the fintech revolution Over the past decade, the UK has undergone a fintech revolution and today is one of the leading global fintech hubs. The Kalifa review of UK fintech The Kalifa review of UK fintech Financing growth The UK is the leading fintech hub in Europe. In 2022, more than 3,200 fintechs were headquartered in the UK. The UK has seen consistent growth in the number of fintechs based here since 2017, demonstrating the attractiveness of the UK environment to these innovative firms. Portal to global capital In 2023, fintech PE and VC investment in the UK was larger than Singapore, Hong Kong, Japan, Germany and France combined, reaching £10bn Portal to global capital A thriving tech sector Nearly one third of all UK unicorns are fintech firms – a higher share than in any other financial centre A thriving tech sector Forward-looking policy and regulation Innovation-friendly regulators support innovation of new technology solutions from concept to development and beyond Forward-looking policy and regulation UK Fintech: Partnering the world in innovative solutions The digitisation of finance is accelerating as the world responds to global uncertainty. The UK partners the world to find innovative solutions – shaping the world of business for today. And tomorrow. Watch now Access to customers, partners and top talent With the world's largest cluster of financial and professional services providing a vast pool of clients partners and top talent, the UK offers an unmatched opportunity for growth. A sector at the forefront of innovation, the UK is a leading global fintech hub. It brings together innovative minds, supportive policymakers and the finance required for ideas to take off. #1 London ranks first in Europe for its innovation and technology offering 71% UK fintech adoption rate well above global average of 64% Highest share of FinTech 100 in Europe with 12 of the most promising fintech startups 1.4m a record 1.4m tech jobs across the UK in 2022 Centre for Finance, Innovation and Technology The City of London Corporation worked with HMT to launch a new Centre for Finance, Innovation and Technology (CFIT), focused on UK fintech. Discover more Partner story Thought Machine Thought Machine Partner story Plaid Plaid Partner Story Smart Pension Smart Pension Partner story Applied Blockchain Applied Blockchain Partner story FinTru FinTru Partner story Revolut Revolut See more Case Studies "The UK is what you get if you take the best of other regions like Silicon Valley and New York." Fintech on the Cutting Edge EY "Being able to attract money and investment through the City of London means it is always an attractive place for fintechs to start." Jana Mackintosh, Director of Government Affairs and Public Policy Worldpay 1 2 Stay in touch Sign up to our mailing list to make sure you're the first to hear about news, reports, and events relating to financial and professional services from the City of London Corporation. Sign up now Need more information? The City of London Corporation London & Partners Great Campaign TheCityUK Innovate Finance Association for Foreign Banks Association of British Insurers The Investment Association AFME UK Finance