The office of the London Mayor is flying the flag for the UK capital's status as a post-Brexit fintech hotspot, reeling out a ream of favourable comparisons to other European destinations ahead of a trade mission to showcase local talent at the Money20/20 show in Las Vegas next week.
Lithuania's efforts to establish itself as an EU-friendly destination for global fintech firms has received a boost with news that Singapore's cross-border payments outfit InstaReM has chosen Vilnius as its base for a push into Europe.
Despite Brexit, the UK's fintech firms remain bullish on their prospects, with half expecting revenues to double over the next 12 months and a third even anticipating an IPO within five years, according to a survey for Her Majesty's Treasury.
The UK's divorce from the EU has led to France and Sweden gaining a larger share of the number of fintech deals done within the Union, according to the research firm CBInsights.
A recently published report states that, contrary to the fears of Brexit-sceptics, the UK's exit from the European Union will create as many as 80,000 new jobs - the majority of which will be in financial services. The only problem for Brexiteers is that the jobs will be in Frankfurt rather than London.
Lithuania is bolstering its credentials as an EU-friendly destination for Brexit startup refugees with the proposed opening of a regulatory sandbox for aspiring firms to test their products ahead of commercial roll out.
The Brexit cloud may loom large but, for now, the UK remains at the centre of Europe's financial technology scene, home to nearly two thirds of the firms that make it into this year's FinTech50.
As a new round of reports suggest a rebound in fintech spending by VCs in London, the founder and CEO of Revolut has hit out at the doom-mongering about Britain's post-Brexit future by his peers at Transferwise and Azimo.
At a government-backed conference designed to trumpet the UK as a post-Brexit fintech powerhouse, the CEO of Transferwise went off-message, suggesting startups should avoid London and confirming that his own firm will move its European headquarters to the mainland.
Phillip Hammond, the UK Chancellor, has highlighted the critical role played by fintech in helping the UK to mitigate any negative economic impact that may result from Brexit.
© Finextra Research 2017