Rachel Reeves has promised UK fintech the world – now she must deliver Fintech Judgement day looms for Rachel Reeves, and UK fintech will be handing her the verdict. In a keynote speech at Innovate Finance’s 11th global summit, the Chancellor confirmed the Treasury’s inaugural Financial Services Growth and Competitiveness Strategy would be published on 15 July. Reeves has lauded the industry’s growth and touted the achievements of fintech [...]
Inside the rapid rise of UK fintech Fintech There’s a rocket strapped to UK fintech, and it’s only speeding up. On 28 April, UK fintech week kicks off, with industry body Innovate Finance hosting its 11th global summit. This follows another record year for the industry, where businesses saw profits balloon and customer bases swell. Allica Bank – a London-based fintech – was [...]
Revolut UK chief: New York threatening London’s ‘supremacy’ in fintech Fintech London is at risk of losing its fintech “supremacy” to New York, the UK boss of Revolut has said, as the city boasts a plethora of top talent and the depth of its capital markets will tempt companies looking to IPO.