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UK-based executives back London to become world's fintech capital

London - Some 92% of UK-based financial services - SantanderCB

Some 92% of UK-based Financial Services Executives surveyed by Robert Half Financial Services said the UK has the ability to become the field's global leader in fintech. Only 6% of the 100 executives surveyed were not confident in the UK's ability to fill such a role. New York, Hong Kong and Frankfurt were named as the top cities capable of challenging London in being the world's fintech capital. When asked what the greatest barriers were to London taking the top position, some 44% cited a lack of investment in technology innovation and the same proportion said a lack of skilled professionals. According to Robert Half, 36% of financial services executives said a barrier could be the perceived lack of 'Silicon Valley culture of innovation". And 28% cited industry regulation.

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

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