Last month, CI attended the annual LendIt Fintech Europe event which has taken place in London over the past few years – even while Brexit hangs like an ominous cloud over the European financial center. London, consistently described as the leading Fintech hub in the world, is determined to retain the innovation leading title as numerous financial services firms strive to decipher how the European divorce will impact their future.
For this year’s LendIt Fintech event, proceedings were kicked off by the confident Rajesh Agrawal, Deputy Mayor of London for Business. He gave a brief presentation entitled Encouraging Innovation in London’s Fintech Hub where he assured the audience that London remains “open for business” in spite of Brexit fears.
Agrawal said this is not just a slogan but part of the city’s DNA. Agrawal expressed his opinion that the UK would be better positioned if the electorate had voted to remain part of the EU but stated assuredly they will remain competitive:
“London has always been home to bold ideas and inventions,” said Agrawal noting they remain the largest financial center in Europe and have more banks than anywhere else in the world.
While different forms of Fintech have ebbed, and flowed, in recent years the faithful and successful showed up in force. It was interesting to note that blockchain sessions, just recently standing room only segments, lacked the same excitement as in past years. Perhaps this is indicative of peak blockchain? Or maybe, just a pause.
Below are just some of the statements CI heard at one of Europe’s biggest annual Fintech events from the heart of financial innovation in Europe.