The continued success of the UK as a FinTech Hub

This article recently featured in E-Finance & Payments Law & Policy - July 2016.

London has established itself as a leading FinTech hub, with support from the UK Government and the Financial Conduct Authority (FCA) for example through the regulation of the peer-to-peer (P2P) lending industry in 2014. Although the recent Brexit vote may, at least, impact on the short-term future of the sector, Angus McLean, Partner at Simmons & Simmons, believes that with the right assistance from Government, the UK’s FinTech sector will still thrive. Here, Angus looks at what has made the UK FinTech sector dominant, the legal roadblocks that stand in FinTech’s way and the motivation behind the launch of Simmons & Simmons’ FinTech fund to support startups.

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