London Fintech Week 2016 in Quotes
The term “fintech” has entered the mainstream, thanks to payment solutions by global behemoths such as Google and Apple, new and innovative solutions created by emerging players such as Nutmeg and also a major setback by an early star, San Francisco’s Lending Club.
London’s unique position as both a financial centre and start-up hub has placed it at the heart of the fintech revolution, helped in no small part by its unrivalled ability to attract the best talent in the world.
The UK’s financial regulator, the FCA, has furthermore encouraged new businesses. Its highly regarded Sandbox programme supports disruption while helping innovators comply with rules from the beginning.
Some view Brexit as a potential threat to London’s dominance, and speakers rightly addressed it.
While a Linklaters survey at the event found that 48% of respondents thought Brexit was negative for the UK’s fintech sector, only 12% said they were as a result considering relocating to another EU jurisdiction.
London’s third annual Fintech Week took place on 15-22 July, and once again Linklaters was proud to be a lead sponsor.