25 September 2017
visit www.avoka.com

UK Government to host international fintech conference as Brexit shadow looms

27 January 2017  |  15899 views  |  1 london big ben

The UK Government is to host an international fintech conference in April in a bid to attract more investment into London's financial technology hub.

The conference, which will feature fireside chats, panels and workshops, will seek to bring together fintech fiirms and potential investors, including Sovereign Wealth funds, family offices and high net-worth individuals.

Leading lights from the startup community will have an opportunity to showcase themselves in an exhibition space and during a pitch session.

Britain's fintech sector has boomed in recent years, employing 61,000 people and generating billions of pounds in revenue, buts its status as Europe's leading innovation hub is under threat from a potential exodus of talent and startup funding in the run-up to Brexit.

Paris just held its own two-day fintech forum, attracting more than 1,500 bankers, investors and entrepreneurs. France, like other European financial centres, is relaxing its rules and making overtures to London startups and international investment banks in a bid to lure them away from the UK capital.

While London still laps up the lion's share of fintech funding in Europe, recent figures have indicated a slowdown as investors await the outcome of Brexit negotiations. On the international stage, the UK fintech scene is also falling behind other countries’ sectors in capital investment. In 2015 the country attracted £524 million of investment in fintech in 2015, compared to £3.6 billion by California and £1.4 billion by New York.

The Economic Secretary to the Treasury, Simon Kirby, says the conference is being held to help fill this gap and reassure investors that the UK remains a place to do business.

"The government is determined that London stays at the cutting edge of financial innovation and that’s why we will host a new, annual fintech conference to boost capital investment in one of our fastest growing sectors," he says. "This will bring together hundreds of British fintech firms and investors from around the world and cement our position as the global fintech capital.

Comments: (1)

A Finextra member
A Finextra member | 30 January, 2017, 03:40 Another outing for Eileen Burbidge... :-)
Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
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

Accenture beats Brexit blues with largest-ever London startup programme

Accenture beats Brexit blues with largest-ever London startup programme

16 January 2017  |  17214 views  |  0 comments | 33 tweets | 20 linkedin
Belgium builds fintech bridge to London

Belgium builds fintech bridge to London

11 January 2017  |  12350 views  |  0 comments | 27 tweets | 7 linkedin
Lithuania makes a pitch for post-Brexit UK fintech firms

Lithuania makes a pitch for post-Brexit UK fintech firms

02 December 2016  |  9327 views  |  0 comments | 8 tweets | 7 linkedin
UK government promises money for fintech specialists

UK government promises money for fintech specialists

23 November 2016  |  11046 views  |  0 comments | 25 tweets | 12 linkedin
Brexit depression casts dark cloud over UK fintech investment

Brexit depression casts dark cloud over UK fintech investment

16 November 2016  |  8076 views  |  1 comments | 19 tweets | 11 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  |  9396 views  |  0 comments | 10 tweets | 2 linkedin
Paris urges City staff to 'join the frogs'

Paris urges City staff to 'join the frogs'

18 October 2016  |  5459 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  |  8619 views  |  0 comments | 5 tweets | 9 linkedin
UK startups get Brexit boost while UK funds suffer

UK startups get Brexit boost while UK funds suffer

25 July 2016  |  8779 views  |  1 comments | 13 tweets | 14 linkedin
Brexit-scarred London fintech startups enquire about moving to Berlin

Brexit-scarred London fintech startups enquire about moving to Berlin

18 July 2016  |  12111 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  |  7483 views  |  0 comments | 11 tweets | 9 linkedin

Related blogs

Create a blog about this story (membership required)
visit www.sibos.comvisit www.ncr.comvisit www.capgemini.com

Top brexit topics

Most viewed Most shared
ISO 20022: The common language of choiceISO 20022: The common language of choice
8428 views comments | 1 tweets | 2 linkedin
hands typing furiouslyBanco Popular Espanol: new EU bank supervi...
3706 views 0 | 1 tweets | 1 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job