Posted by on 05/17/2019

Industry must stay strong amid Brexit uncertainty

Industry must stay strong amid Brexit uncertainty

It could take a year before the FinTech industry knows what impact Britain’s decision to leave the European Union might have on its potential growth.

London’s position as a financial services powerhouse is under threat and the capital is battling rivals such as Berlin, Amsterdam, Paris and Dublin to be Europe’s top FinTech city.

“The Brexit vote could be good or bad for FinTech in the UK, but we might not know for up to a year,” says Luis Carranza, founder of this month’s London FinTech Week. “This is such a dynamic industry that a challenger London might emerge and that could spur the sector on.”

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