The competition to be the top global fintech hub is heating up.

  • The UK is one of the leading global fintech hubs thanks to availability of tech talent, capital investment, and its supportive regulatory policy.
  • However other countries, including the U.S. and China, compete closely for this coveted top spot.
  • For the UK, a booming fintech industry is desirable for two reasons:
  1. It helps the national economy – the UK fintech industry generated £20 billion ($28 billion) in revenue in 2014, and
  2. It promotes competition and growth in the financial services industry.

Source: Business Insider

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