Fintech in the UK: Everything You Need to Know
The United Kingdom has established itself as the undisputed leader in European fintech, creating a thriving ecosystem that continues to attract global attention and investment. From revolutionary neobanks to cutting-edge regulatory technology, the UK's financial technology sector represents one of the most dynamic and innovative markets worldwide. Overview of the UK Fintech Market A Brief History of Fintech in the UK The UK's fintech journey began in earnest following the 2008 financial crisis, when regulatory changes and technological advancement created fertile ground for financial innovation. The introduction of the Payment Services Directive (PSD2) in 2018 marked a pivotal moment, mandating open banking and unleashing a wave of new entrants challenging traditional financial services. London's position as a global financial centre provided the perfect launchpad for fintech innovation. The combination of regulatory expertise, access to capital, and proximity to trad...