17 December 2017
visit www.ebaday.com

Belgium builds fintech bridge to London

11 January 2017  |  12792 views  |  0 Canary wharf buildings

While other major European capitals play to Brexit fears in a bid to steal the UK's leading fintech hub status, Belgium is taking a different approach by seeking to build a mutually supportive bridge between startups across both jurisdictions.

A delegation led by Belgian finance minister Johan van Overtveldt has crossed the channel to initiate talks with UK fintech agency Innovate Finance on the establishment of a collaboration between the two communities and to announce the launch of a new Brussels-based hub to support financial technology startups.

B-Hive is the successor of Eggsplore, founded by Jurgen Ingels and with Wim De Waele as CEO, a fintech platform in which a number of major banks, insurers and market infrastructure players started working together on common innovation challenges with the local startup ecosystem. Unlike Eggsplore, B-Hive has secured the explicit backing of the Belgian government via a federal investment fund and attracted new backers from the financial sector.

Van Overtveldt explains: “The new platform is the result of a recommendation made by a high-level expert group on the future of finance in Belgium, which I put in place in 2015, and led by Johan Thijs, CEO of KBC Bank and Insurance Group.”

He says that country wants to build close ties with London, to scout technology companies that want to establish additional offices on the continent and to promote the UK capital as an attractive destination for growth companies from Belgium.

“Brexit will not get in the way of fintech advancing in the UK and Europe," says Lawrence Wintermeyer, CEO of Innovate Finance. “Many continental fintechs continue to see London as an attractive destination and we are keen to support future collaborations for our members on the continent with B-Hive."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Lithuania makes a pitch for post-Brexit UK fintech firms

Lithuania makes a pitch for post-Brexit UK fintech firms

02 December 2016  |  9691 views  |  0 comments | 8 tweets | 7 linkedin
London-Shanghai Stock Connect gets green light; fintech bridge to China agreed

London-Shanghai Stock Connect gets green light; fintech bridge to China agreed

11 November 2016  |  9745 views  |  0 comments | 10 tweets | 2 linkedin
Brexit poll paints confused picture for London's prospects

Brexit poll paints confused picture for London's prospects

02 November 2016  |  6140 views  |  0 comments | 4 tweets | 6 linkedin
Paris urges City staff to 'join the frogs'

Paris urges City staff to 'join the frogs'

18 October 2016  |  5644 views  |  5 comments | 7 tweets | 10 linkedin
Hard Brexit will have a crushing impact on UK tax take and jobs warns City lobby

Hard Brexit will have a crushing impact on UK tax take and jobs warns City lobby

05 October 2016  |  8770 views  |  0 comments | 5 tweets | 9 linkedin
Brexit-scarred London fintech startups enquire about moving to Berlin

Brexit-scarred London fintech startups enquire about moving to Berlin

18 July 2016  |  12358 views  |  2 comments | 18 tweets | 17 linkedin
The vultures are circling: EU states eye up London's finance crown

The vultures are circling: EU states eye up London's finance crown

07 July 2016  |  7609 views  |  0 comments | 11 tweets | 9 linkedin
Fear and loathing dogs London's fintech scene as Brexit dread spreads

Fear and loathing dogs London's fintech scene as Brexit dread spreads

05 July 2016  |  11313 views  |  3 comments | 31 tweets | 24 linkedin
Fintech starts to reflect on the realities of Brexit

Fintech starts to reflect on the realities of Brexit

27 June 2016  |  13145 views  |  1 comments | 17 tweets | 12 linkedin

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.response.ncr.comvisit www.ebaday.com

Top topics

Most viewed Most shared
satelliteRipple completes XRP Lockup
10584 views comments | 3 tweets | 2 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
10174 views comments | 18 tweets | 36 linkedin
Banks tap Ethereum smart contracts for MiFID II complianceBanks tap Ethereum smart contracts for MiF...
7343 views comments | 9 tweets | 10 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
7271 views comments | 19 tweets | 22 linkedin
hands typing furiouslyReshaping Customer Engagement & Da...
6678 views 0 | 4 tweets | 2 linkedin

Featured job

Find your next job