Treasury Management International: Welcome to London

Welcome to London: What the Influx of New Financial Institutions into the UK Capital Means for the Sector

The concentration of financial institutions will result in increased investment, collaboration and competition, leading to an even healthier financial sector in the UK. Treasurers are set to benefit from this influx of new businesses – providing options for investment, profit and growth.

The migration of EU-based firms continues to solidify London’s position as a hub for financial services and global commerce. This demonstrates how much value businesses place on having a UK presence. This is not only positive for traditional financial services, but the high concentration of firms also means that fintechs – particularly those serving the treasury and global trade sectors – will continue to thrive in the market.

Given that investment in UK fintech has repeatedly surpassed its European peers, generating an industry trade surplus of about $88bn, there is little doubt that more businesses in London will mean more funding for the sector. In short, the increased number of financial firms in the capital city is set to create a new wave of innovation for the sector.

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