UK fintech industry fears Brexit-induced talent squeeze

Fintech industry investors and entrepreneurs have vented their concerns at London Fintech Week: with the UK’s imminent exit from the EU,the growing fintech sector is at risk of losing momentum, with access to talent and the continued ability to do business across the EU single market seen as vital. Venture capitalists, which invest hundreds of millions of pounds in the fintech sector, said London is at risk of losing its position as a leading fintech hub. Despite the UK capital’s undoubted advantages, such as its rich financial services ecosystem and supportive regulator, Brexit-related problems such as reduced access to talent and the inability to trade friction-free across the EU, as well as the high cost of setting up in London, are making cities in the EU more attractive to fintech investors.

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