Britain to become global fintech hub

Nic Field at Raconteur describes the actual fintech scene as a flourishing and economically valuable sector with a global $20bn investment in 2015. In particular, the UK has been keeping up with the newest trends in mobile banking and money transfer so successfully that the financial services sector has contributed around £160bn to the GDP annually, as stated by Nikolay Storonsky, founder and chief executive of money app Revolut. As more players enter the portfolio, the government is urging the UK fintech market to become a global centre of prosperous excellence. Read more here.