FOREWORD
IT ’ S A POST-BREXIT BOOM FOR FINTECH The doomsday story of yesteryear has almost reached its second birthday – and the outlook is surprisingly sunny
“ Fintech has weathered not only the roadblocks of Brexit , but the tidal wave of the disaster wrought by COVID-19 as well ”
FINTECH MAGAZINE IS PUBLISHED BY
The past five years have been a sickening roller coaster ride in terms of news headlines . First , there were riots and doomsday predictions regarding Brexit – and after that , the pandemic struck . Life , as they say , has been better .
However , I ’ ve been pleasantly surprised by the feedback for this month ’ s lead feature , which looks at the fallout caused by the UK ’ s EU withdrawal in relation to fintech .
While supermarket shelves lack their usual array of continental cheeses and fuel supplies suffer a meltdown , fintech has weathered not only the roadblocks of Brexit , but the tidal wave of the disaster wrought by COVID as well .
Of course , it ’ s not a coincidental bounce-back . Indeed , much thought ( and cash ) has gone into helping the UK maintain its impressive global position as the world ’ s number two in the industry .
The Khalifa Report earlier this year was instrumental in pinpointing new strategies to help fintechs grow , and the UK government has stuck to its word and supported the space by easing cross-border recruitment with unique fintech passport tunnels and additional funding .
Businesses have also shown great forethought , by acquiring new licenses that allow them to operate in Europe , and expanding within those marketplaces with much success .
All in all , it ’ s a story that shows good sense and preparedness can prevail – even in the worst of circumstances . And that ’ s a lesson we can all take on board .