In recent years, London has been regarded as the 'capital' of the booming FinTech industry. But why does this city have a cut above the rest? Our top 7 reasons will provide you with a simple breakdown.

1. LONDON: WHY IS IT THE
CAPITAL OF THE FINTECH
INDUSTRY?
The Top 7 Reasons
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2. London is currently regarded as the global centre
of FinTech.
Traditionally known as the ‘financial centre’, this
comes as no surprise- with most the leading banks
operating in European and African markets,
headquartered in the city.
For those who are looking to tap into the FinTech
industry, London is one of the best places to start.
So, how has London achieved such a
reputation?
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3. 1. Government Backing for the
Capital City
In the UK Government’s Summer Budget this year,
George Osborne confirmed funding for six new
multidisciplinary research centres to nurture the UK’s
Digital Economy research, knowledge and skills.
David Cameron had backed the manifesto to make the
UK a world leader in Fintech by 2020, back in 2016 as
well.
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4. 2. London’s FinTech Envoy
The UK Government has appointed a Fintech
representative. Eileen Burbidge’s impressive
career to date spans Apple, Yahoo, Skype and
Passion Capital, who invest in early stage start-
ups. Burbidge refers to London as ‘the jewel
in the crown of the UK’s Fintech success story’.
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5. 3. London is Classed as a ‘3-in-1’
In the US, Silicon Valley boasts digital
innovation, New York’s Wall Street offers
financing heritage and Washington DC is known
for setting policy.
In the UK, however; all these sectors can be
found in one city – London – making it a real
hotbed for Fintech development.
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6. 4. The ‘Talent Pool’ in London
When the economic crash of 2008 highlighted
the flaws of the traditional banking model, there
was suddenly an abundance of savvy, yet out of
work entrepreneurs
Many of these were highly qualified finance
professionals who had lost or left jobs during
banking restructures.
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7. 4. The ‘Talent Pool’ in London
When the economic crash of 2008 highlighted
the flaws of the traditional banking model, there
was suddenly an abundance of savvy, yet out of
work entrepreneurs
Many of these were highly qualified finance
professionals who had lost or left jobs during
banking restructures.
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8. 5. Private Investors
Investors are rapidly noticing the money to be
made in the FinTech industry.. In the UK, the
total investment in London-based Fintech
companies so far has already hit more than
£350 million- according to ‘London & Partners’
(data collected in 2016).
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9. 6. ‘Digital’ is in DEMAND
The digital sector is one of the fastest-growing in
the UK economy.
The Internet is the second-biggest economic
contributor and represents 10% of the UK GDP –
according to ‘London & Partners’.
This is great news for the FinTech space in
London.
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10. 7. The UK is Scaling UP
Boris Johnson explained earlier last year that
‘the UK is the scale-up nation’. He was speaking
at an event in Tel Aviv referring to the
opportunities that foreign Fintech companies
are finding in the UK thanks to government
schemes, the human capital, and a large
consumer-base.
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11. Everything starts with a conversation, so let’s talk:
Safaraz Ali
www.safaraz.co.uk
Linkedin: https://uk.linkedin.com/in/safaraz
Twitter Handle: @SafarazAli
Tel: 0121 707 0550
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