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Britain is already suffering from a Brexit-driven drag on fintech
|04/19/2017||Posted by BusinessMediaguide.Com under General World News||
- 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 >>>