19 September 2017
visit www.avoka.com

FinTech50: London continues to dominate European scene

07 June 2017  |  19271 views  |  0 European flags

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.

Now in its fifth year, the FinTech50 claims to showcase the 50 European fintech firms - as picked by a gaggle of industry experts - doing the most to transform the financial services industry.

In a booming sector, the 50 firms were whittled down from a longlist of more than 1500, and in a sign of how rapidly the scene is changing, 24 of the businesses are new to the list.

Making the rankings are challenger banks such as Atom and N26, core banking vendor Mambu, DLT outfit Ethereum, risk management provider OpenGamma and PayKey, which is one of 15 startups to make the Fintech Pavilion at this year's EBAday in Dublin.

Some of the biggest names in the industry - including Adyen, eToro, iZettle, Transferwise and Zopa - have been shunted off from the main list to a 'Hall of Fame', while a 'Hot Ten' of up-and-comers to keep an eye on includes ClearBank, Nxchange and 10xBanking.

Speculation is rife that London's position at the top of Europe's fintech tree could be damaged by Brexit, with the likes of Paris and Berlin making concerted efforts to woo startups. However, for now the UK remains dominant, home to 33 of the 50.

Meanwhile, there are signs that the gender imbalance in fintech is starting to correct, with nearly 20% of the list's firms having a female founder or CEO.

Other trends include the rise of AI, partnerships between fintechs and between fintechs and banks, and M&A as banks acquire market-leading challengers.

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

Fifteen startups selected for EBAday Fintech Pavillion

Fifteen startups selected for EBAday Fintech Pavillion

02 June 2017  |  28373 views  |  0 comments | 8 tweets | 9 linkedin
Did someone cancel the fintech revolution?

Did someone cancel the fintech revolution?

29 May 2017  |  28807 views  |  6 comments | 73 tweets | 51 linkedin
Bank/fintech collaboration can take transaction banking to new heights

Bank/fintech collaboration can take transaction banking to new heights

23 May 2017  |  15879 views  |  1 comments | 12 tweets | 24 linkedin
Fintech unicorn Transferwise moves into the black

Fintech unicorn Transferwise moves into the black

17 May 2017  |  7353 views  |  0 comments | 25 tweets | 18 linkedin
Revolut founder hits back at Brexit scaremongers

Revolut founder hits back at Brexit scaremongers

20 April 2017  |  8659 views  |  0 comments | 11 tweets | 6 linkedin
Transferwise boss warns fintech startups against Brexit Britain

Transferwise boss warns fintech startups against Brexit Britain

12 April 2017  |  13318 views  |  6 comments | 15 tweets | 8 linkedin
Chancellor and BofE governor bang the post-Brexit drum for UK fintech

Chancellor and BofE governor bang the post-Brexit drum for UK fintech

12 April 2017  |  8907 views  |  0 comments | 7 tweets | 7 linkedin
London and Singapore remain world's top fintech hubs

London and Singapore remain world's top fintech hubs

10 April 2017  |  14854 views  |  0 comments | 34 tweets | 30 linkedin
Paris to build seven new skyscrapers to accommodate banks fleeing Britain

Paris to build seven new skyscrapers to accommodate banks fleeing Britain

22 February 2017  |  5838 views  |  0 comments | 9 tweets | 12 linkedin
UK Government to host international fintech conference as Brexit shadow looms

UK Government to host international fintech conference as Brexit shadow looms

27 January 2017  |  15879 views  |  1 comments | 26 tweets | 17 linkedin
Belgium builds fintech bridge to London

Belgium builds fintech bridge to London

11 January 2017  |  12328 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  |  9307 views  |  0 comments | 8 tweets | 7 linkedin
Paris urges City staff to 'join the frogs'

Paris urges City staff to 'join the frogs'

18 October 2016  |  5445 views  |  5 comments | 7 tweets | 10 linkedin
Brexit-scarred London fintech startups enquire about moving to Berlin

Brexit-scarred London fintech startups enquire about moving to Berlin

18 July 2016  |  12096 views  |  2 comments | 18 tweets | 17 linkedin

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.temenos.comdownload the paper now

Top topics

Most viewed Most shared
IBM and UBS team on blockchain payments for carsIBM and UBS team on blockchain payments fo...
10533 views comments | 18 tweets | 36 linkedin
JPMorgan Chase chief says he would fire traders dealing in bitcoin for stupidityJPMorgan Chase chief says he would fire tr...
10423 views comments | 16 tweets | 29 linkedin
Equifax hack: Visa and Mastercard flag 200k compromised credit cardsEquifax hack: Visa and Mastercard flag 200...
9677 views comments | 6 tweets | 17 linkedin
iPhone X gets Face ID for Apple PayiPhone X gets Face ID for Apple Pay
8853 views comments | 11 tweets | 22 linkedin
Dutch bank sentences teenage DDoS culprit to community serviceDutch bank sentences teenage DDoS culprit...
8747 views comments | 6 tweets | 3 linkedin

Featured job

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

Find your next job