Glance at the most recent statistics and you would conclude that everything is rosy in London. Scratch a little deeper, however, and you will find that many unknowns of Brexit are already casting a shadow over the sector.
London is under threat on numerous fronts. With many fintechs based in the capital seeking to serve a global audience, some will probably move part, if not all, of their operations to alternate hubs with greater political stability and clearer trade rules.
A number of competitors are already seeking to take business from London. In Europe, Berlin has thrown its hat into the ring in a bid to replace London as the post-Brexit fintech capital, while Singapore is also developing a vibrant fintech scene.
Read the article in full: Specialist Banking.