Monday 4 April 2016 5:49 pm

UK financial services executives back London to become world’s fintech hub


I write about M&A, deals, IPOs, private equity, asset management, media and a few other areas for City A.M. I also write news features and am always interested in interviewing and profiling high-profile business figures. I previously worked for Press Gazette and Mail Online.

I write about M&A, deals, IPOs, private equity, asset management, media and a few other areas for City A.M. I also write news features and am always interested in interviewing and profiling high-profile business figures. I previously worked for Press Gazette and Mail Online.

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UK-based financial services executives are backing London to become the world's fintech hub.

Some 92 per cent of those surveyed by Robert Half Financial Services said the UK has the ability to become the field’s worldwide leader.

Read moreThese are the most influential people in UK fintech

Six per cent of the 100 executives surveyed were not confident in the UK's ability to do so.

New York, Hong Kong and Frankfurt were named as the top cities capable of challenging London to be best for fintech.

The executives were also asked what the greatest barriers to the UK taking top spot were.

Some 44 per cent said lack of investment in technology innovation and the same number said a lack of skilled professionals.

Read moreFintech is coming to take your banking job

According to Robert Half, 36 per cent of financial services executives said a barrier could be the perceived lack of “Silicon Valley culture of innovation”. And 28 per cent named industry regulation.

Luke Davis, vice president of Robert Half, said: “Fintech has moved beyond a buzzword phase and is now recognised as a rapidly maturing market.”

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