FinTech

World-Leading Fintech Expertise

The UK's offer

  • Work with regulators with a mandate to help firms innovate
  • Access the world’s biggest pool of client and partner financial and professional services firms
  • Reach out through a global network of fintech bridges reducing barriers to entry to international markets
  • Benefit from more fintech funding than any other centre in Europe
  • Lead the field - in one of the world's most cutting edge fintech industries
  • Join more than 1600 fintech firms - set to double by 2030

Fintech - Shaping The Future Of Financial Services

The acute challenges of the global COVID-19 pandemic have demanded fast responses from the world’s most innovative industries. The UK’s world leading fintech industry is empowering resilience at a time of worldwide uncertainty with innovative solutions and partnerships.

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, insurtech, 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.

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Powering the fintech revolution

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. The UK is taking the lead – whether this is regtech, payments, artificial intelligence or tech for good.

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Financing growth

More fintech investment poured into the UK than any other European centre in 2018, with venture capital and private equity invested a record $3.3bn, putting the UK ahead of Germany at $716m and Switzerland $328m. Growth in funding is only accelerating - this represents an 18% increase year on year.

Table showing growth in fintech investment

Portal to global capital

50% of fintech investment flowed in from overseas, largely North America (25%) and Europe (18%) in 2018

Portal to global capital

A world leading destination for investment

Worldwide only the US attracts more fintech investment than the UK

A world leading destination for investment

A thriving tech sector

The wider tech sector attracted $6.3bn of venture capital investment in 2018 - more than the rest of Europe meaning a healthy pipeline of tech collaborators

A thriving tech sector

WE ARE THE UK: WORKING WITH YOU

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.

76,500 people work in fintech UK-wide with this number set to grow to 105,500 by 2030.

 

The UK is home to the largest and most forward looking cluster of financial and professional services firms,and a consumer base with one of the highest fintech adoption rates in the world at 71%  - providing a huge partner and customer opportunity for fintech firms.

Customers and partners

With the world's largest cluster of financial and professional services providing a vast pool of both clients and partners and a connected consumer market, the UK offers an unmatched opportunity for growth.

Deloitte rates London as 'excellent' for access to fintech customers, with the highest rates of consumer fintech adoption in developed economies - 71% of UK consumers already use fintech services.

71%

Fintech adoption rate

UK fintech adoption rate is 71% - well above global average of 64%

97%

Superfast broadband coverage

by 2020, UK-wide - it currently stands at more than 96%

82%

of incumbent financial services firms

expect to increase fintech partnerships in the next 3-5 years

#1

Deloitte ranks London

as the top city worldwide for fintech

"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

"COVID-19 has highlighted the value of services such as Crossflow in helping businesses. The UK supports this rapid innovation, making it one of the world’s highest regarded financial centres."

Tony Duggan, CEO Crossflow

Partner story

Applied Blockchain: "London, and the City in particular, is such a global business and financial centre, almost unrivalled around the world. "

Applied Blockchain: "London, and the City in particular, is such a global business and financial centre, almost unrivalled around the world. "

Partner story

Worldpay: 'There is a lot of support for companies like ours to establish ourselves and innovate in the UK market.'

Worldpay: 'There is a lot of support for companies like ours to establish ourselves and innovate in the UK market.'

Partner Story

ComplyAdvantage: "London has a huge vitality which serves as a strong pull for global talent."

ComplyAdvantage: "London has a huge vitality which serves as a strong pull for global talent."

Partner story

Revolut: 'The UK market’s openness to innovation makes it the ideal place for us to launch groundbreaking products and services.'

Revolut: 'The UK market’s openness to innovation makes it the ideal place for us to launch groundbreaking products and services.'

Everything you need

The UK offers you everything you need to grow your business.

We have a global outlook, which means we understand your business needs. The depth and breadth of our offer mean unparalleled opportunities for you to grow. Innovation is what we do - creating an inspirational ecosystem where you can thrive. 

Choose the UK