Despite the UK's chancellor lauding its “world-beating fintech sector”, London has been waning as a fintech hub, as startups call for reforms amid SVB UK's bust
Sunak called for a digital big bang and Hunt talked of the UK's world-beating fintech sector; but while there's a genuine desire for the UK to be a global financial centre, there doesn't appear to be the willingness to grasp what's necessary to achieve it. https://www.ft.com/...
“I think everyone's a bit jaded,” said Christian Faes, chair of mortgage lender LendInvest, which listed in London in July 2021. “There was no doubt London was the centre of fintech [ . . .] That's been waning for a number of years.” https://giftarticle.ft.com/...