A report by EY, commissioned by HM Treasury, to compare the UK environment for FinTech against other leading FinTech hubs internationally.
Financial Technology – or FinTech – refers to the use of technology to provide financial services. Examples include payment services, alternative finance such as peer-to-peer platforms and digital currencies. Just as the UK is a leading financial services capital so we are also a leading FinTech capital. This report considers the UK environment for FinTech and compares it to the environment in other leading FinTech hubs (such as New York and California).
FinTech hubs are considered across four factors: access to skilled talent; investment in FinTech; government and regulatory policy; and demand.
The report highlights areas where the UK is strong and makes recommendations for actions the UK could take to improve the environment it offers to FinTechs, drawing on best practice from other leading FinTech hubs.