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{"id":1298,"date":"2015-09-18T12:26:26","date_gmt":"2015-09-18T12:26:26","guid":{"rendered":"http:\/\/www.delanyco.com\/?p=1298"},"modified":"2020-09-04T11:18:06","modified_gmt":"2020-09-04T11:18:06","slug":"london-fintech-week-2015-summary-looking-ahead","status":"publish","type":"post","link":"https:\/\/www.delanyco.com\/2015\/09\/18\/london-fintech-week-2015-summary-looking-ahead\/","title":{"rendered":"London Fintech Week 2015 Summary: Looking Ahead"},"content":{"rendered":"

As it\u2019s London Fintech Week, Delany & Co attended a number of events throughout the week including a Payments Special held by Fintech Storm<\/a> that demoed some truly remarkable products. It provided only a glimpse of the potential that Fintech has to transform the way everyday business will be conducted.<\/p>\n

London Fintech Week was originally created in part to acknowledge the burgeoning innovation sector of finance in the UK. With world class financial centres in the City and Canary Wharf alongside Europe\u2019s fastest growing tech cluster known as Tech City<\/a>, it was only a matter of time before the two did business.<\/p>\n

While UK investors are still not nearly as forward-thinking as those in Silicon Valley they\u2019re catching up fast. The booming Fintech sector has brought financial innovations to consumer payments, mobile wallets and cryptocurrencies, with only business-to-business payments left behind so far. London\u2019s Fintech scene is currently enjoying the world\u2019s fastest investment growth. The Capital\u2019s tech sector has created 30,000 jobs in five years, and recently received record funding – largely due to Fintech success stories. Out of a pool of $49.7bn of global investment in financial tech since January 2010, Britain has snapped up $5.4bn, making it the clear leader in Europe. Having created billion-dollar startups, attracted record investment and keeping major banks on their toes – it obvious that the London Fintech scene is having its moment in the sun.<\/p>\n

So far the current conservative government has done much to support the burgeoning London Fintech scene. Innovate UK<\/a> was set up in response to the rapidly changing financial landscape to allow the Financial Conduct Authority<\/a> to keep up with new business models entering the financial system. In July, the Treasury<\/a> published its \u00a0\u2018Productivity Plan<\/a>\u2019 to sort out Britain\u2019s sluggishness; it contains a number of positive moves relating to the financial technology sector:<\/p>\n