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The FinTech Industry Speaks About Brexit and What It Means for Financial Services

Last week, we saw a drastic turn of events with UK exiting the EU, commonly known as 'Brexit' (British exit) along with British Prime Minister David Cameron’s decision of resigning by October. Along with it came the speculation of how these events will affect the UK FinTech industry. According to a source, in 2015, the British FinTech sector generated £6.6bn in revenues and attracted roughly £524 million in investment.

The UK is home to FinTech firms such as TransferWise, Zopa and RateSetter and employs about 61,000 people, about 5% of the total financial services w ...

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