The worldwide fintech market is 11% larger in the UK. 6 out of the top 10 fintech companies have their headquarters in London, and there are an estimated 2,500 fintech companies in London as well.
It is at the forefront of fintech innovation, setting the standard in fields including wealth technology (Wealth–tech), payment technology (Pay-tech), and more. The UK government and businesses have committed to advancing the development of the fintech sector by signing the FinTech Pledge. It creates industry-leading standards for effective and transparent business relationships between banks and fintech companies.
The financial services industry in the UK is one of the most transparent, cutting-edge, and vibrant in the world. The UK is a major financial hub worldwide. Companies can benefit from an exceptional business environment, regulatory and government support, physical and digital connectivity, and highly skilled international talent. The government wants to make the UK open and vibrant, at the forefront of innovation and technology, and a global leader in green finance.