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Fintech

UK fintech warns of Brexit risks to London’s lustre

Founders and executives are concerned that the capital will lose its standing as a hub for the industry when the UK exits the EU

Thursday, 13 April 2017 at 06:33

Taavet Hinrikus, co-founder and chief executive officer of TransferWise
Taavet Hinrikus, co-founder and chief executive officer of TransferWise Photo: Getty Images

Financial technology firms in the UK have called on the government to do more to ensure that London remains an attractive hub for the industry after the country leaves the European Union.

The Chancellor of the Exchequer, Philip Hammond, opened the government’s first international fintech conference on April 12 with a promise to increase investment in UK fintech to help the country maintain its advantage in the sector.