London has lengthy been a cornerstone of worldwide finance and a number one fintech hub. It was solely a few months in the past that the Z/Yen World Monetary Centres Index confirmed the UK capital was closing the hole on New York.
However current developments clarify that the race is much from over. Paris has simply overtaken London as Europe’s prime tech hub in response to new analysis from Dealroom, powered by surging AI innovation and a brand new era of repeat founders. It’s a wake-up name for the UK.
To take care of its edge, the UK should deal with areas the place it has an actual strategic benefit, and RegTech is a main instance.
Regulatory know-how is not a distinct segment. It underpins the integrity of the worldwide monetary system. With compliance prices rising and the specter of fines and the repercussions of reputational injury, companies urgently want smarter options….
