FinTech Magazine - November 2021 | Page 44

IT ' S BEEN ALMOST A YEAR SINCE THE UK ENDED ITS BREXIT TRANSITION PERIOD WITH THE EU . WE TAKE A LOOK AT THE POST-BREXIT IMPACT ON THE UK ’ S FINTECH INDUSTRY
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A year on ... Brexit and the Fintech space

IT ' S BEEN ALMOST A YEAR SINCE THE UK ENDED ITS BREXIT TRANSITION PERIOD WITH THE EU . WE TAKE A LOOK AT THE POST-BREXIT IMPACT ON THE UK ’ S FINTECH INDUSTRY

WRITTEN BY : JOANNA ENGLAND

In January 2020 , the UK left the European Union , ending 47 years of partnership . The transition period of 12 months ended on December 31st , 2020 - and the UK is now into its complete post-Brexit state . At a time when digital transformation has turbo-boosted growth in the industry globally , we take a look at the changes that have occurred in Britain - the world ’ s second largest fintech hub - and how it is managing the changes .

Fintech outposts in Europe While the pandemic has been raging and dominating the headlines , fintech operators in the UK have been quietly managing a
44 November 2021