Fintech Fortnight is back for its second year, and 2018 promises to be bigger and better. Fintech has only grown in size, value, and importance.
In the world’s ever shifting move to digital, finance is moving online, and the UK is that movement’s capital. The 5th to the 18th of February is FinTech Fortnight: a celebration of everything FinTech which sees start-ups through to market leaders discussing and raising awareness of this transformational sector.
In the UK FinTech has generated a workforce of over 60,000 employees, and according to the Treasury the sector is now estimated to be worth £7bn to the UK economy. Every angle of the financial sector is being questioned, reinvented or challenged by FinTech. The UK boasts the world’s largest market size of Fintech, despite less investment than New York or California. In the first half of 2017 alone, UK Fintech startups pulled in £433 million of venture capital investment, more than half of which came from outside Britain.
FinTech is increasingly spoken about in the media and in technology circles. Synonymous with
the tech start-up scene and a sector boasting major players. FinTech is disrupting sectors such as mobile payments, money transfers, loans, fundraising and even asset management.
Despite FinTech’s fast growing move towards being common-place in most of our lives (with
50% of us agreeing FinTech has helped us manage our personal finances) the various financial crises and media scandals have left a public distrust in the financial sector.
The public’s uncertainty about banks is evident, with only 16% of us thinking FinTech ensures more transparency. By holding FinTech Fortnight, we aim to change these perceptions, showing that FinTech is a tool that can help not just businesses, but the public too. FinTech provides a service, one that can help people save money, invest in their future, grow business, and understand how finance works on a deeper level.
FinTech is undoubtedly the future of finance; it is immensely profitable and growing exponentially. The scars of distrust in the financial sector and varying levels of awareness of the sector are challenges for the industry which Fintech can help to overcome. FinTech Fortnight is here to raise awareness of FinTech and to highlight how it can change our lives for the better.
In the world’s ever shifting move to digital, finance is moving online, and the UK is that movement’s capital. The 5th to the 18th of February is FinTech Fortnight: a celebration of everything FinTech which sees start-ups through to market leaders discussing and raising awareness of this transformational sector.
In the UK FinTech has generated a workforce of over 60,000 employees, and according to the Treasury the sector is now estimated to be worth £7bn to the UK economy. Every angle of the financial sector is being questioned, reinvented or challenged by FinTech. The UK boasts the world’s largest market size of Fintech, despite less investment than New York or California. In the first half of 2017 alone, UK Fintech startups pulled in £433 million of venture capital investment, more than half of which came from outside Britain.
FinTech is increasingly spoken about in the media and in technology circles. Synonymous with
the tech start-up scene and a sector boasting major players. FinTech is disrupting sectors such as mobile payments, money transfers, loans, fundraising and even asset management.
Despite FinTech’s fast growing move towards being common-place in most of our lives (with
50% of us agreeing FinTech has helped us manage our personal finances) the various financial crises and media scandals have left a public distrust in the financial sector.
The public’s uncertainty about banks is evident, with only 16% of us thinking FinTech ensures more transparency. By holding FinTech Fortnight, we aim to change these perceptions, showing that FinTech is a tool that can help not just businesses, but the public too. FinTech provides a service, one that can help people save money, invest in their future, grow business, and understand how finance works on a deeper level.
FinTech is undoubtedly the future of finance; it is immensely profitable and growing exponentially. The scars of distrust in the financial sector and varying levels of awareness of the sector are challenges for the industry which Fintech can help to overcome. FinTech Fortnight is here to raise awareness of FinTech and to highlight how it can change our lives for the better.
