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Britain is already suffering from a Brexit-driven drag on fintech

  • UK fintech startups such as TransferWise and Azimo are setting up new European headquarters outside of Britain;
  • Expansion is driven by fears of losing out under Brexit deal and represents lost growth for UK economy;
  • Luxembourg’s fintech lobbyist believes US and Asian fintech businesses looking to expand will now snub Britain as a result of Brexit.

LONDON — It was less than two hours into the Treasury’s first International Fintech conference last week that Taavet Hinrikus pierced the government’s jingoistic bubble.

The conference was meant to promote Britain as a global hub for fintech post-Brexit, with over 400 investors from around the world read more >>>

Source:: BusinessInsider.Com

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