Fintech

Most London fintechs not ready for a no-deal Brexit

Survey by fintech lobby group has revealed worrying signs about the preparedness of the sector

Less than a quarter of fintech companies say they would cope if the UK dropped out of the EU without an exit deal in seven weeks’ time, with access to talent from Europe a key issue for the industry.

Approximately two-thirds of fintechs said Brexit is a risk, or offers no distinct business opportunity, according to the survey by trade body Innovate Finance, which canvassed 58 companies.

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