UK Trade & Investment (UKTI) release a research report titled “Fintech – the UK’s unique environment for growth”

UKTI released a report titled “Fintech – the UK’s unique environment for growth” on 6th August 2014 to coincide with the launch of the new UK Fintech organisation Innovate Finance.

The report looks at the strengths of the UK’s Fintech sector and how overseas companies can benefit from setting up in the UK.

The full report can be viewed or downloaded here.
Fintech in the UK. The UK is a uniquely well-suited location for technology applied to financial services – Fintech. This fast-growing sector covers both: (1) Traditional Fintech (with larger incumbent technology firms supporting the financial services sector), and (2) Emergent Fintech (with small, innovative firms using new technology to bring financial services directly to consumers, often disrupting existing business models).

Fintech Investment Boom is an Opportunity for New York to Lead in Technology, According to Report by Accenture, Partnership Fund for New York City

A recent report, titled “The Rise of Fintech; New York’s opportunity for tech leadership,” was released for the FinTech Innovation Lab’s fourth annual “Demo Day” event in New York.  The report was made by Accenture in  partnership with the Partnership Fund for New York City.

The report  says that deals and investments in New York’s Fintech venture sector have been growing at twice the rate of Silicon Valley since 2008 and further the trend is accelerating innovation among New York’s global financial institutions.

Global fintech investment tripled between 2008 and 2013 from $928 million to $2.97 billion and is expected to double again to between $6 billion and $8 billion by 2018. The first quarter of 2014 was the most active on record, with $1.7 billion invested globally. Silicon Valley is still by far the world’s biggest recipient of fintech investment, but it is facing growing competition from New York. Banks, capital markets firms and insurers are increasingly aware of the benefit of having a fintech cluster close to home.