The Cambridge Centre for Alternative Finance (CCAF) has launched a new tool that maps the global footprint of UK Fintechs. The service was created in partnership with Innovate Finance, a UK advocacy group for firms in the Fintech sector.
CCAF is the leading research entity covering the Fintech industry globally. It has published many different reports providing invaluable information on digital financial services, helping policymakers to chart a course that supports innovation.
Bryan Zhang, co-founder and Executive Director of CCAF, reviewed the service last week during a panel discussion on Fintech Going Global which took place during Innovate Finance Global Summit 2023.
CCAF also garnered the support of the City of London, as well as the UK Department for Business and Trade, and the Commonwealth and Development Office.
Zhang explained that the mapping tool helps to better understand and visualize the current landscape of the UK Fintech industry, highlighting the importance of this sector of financial services that continues to grow and expand. The Centre has been soliciting information from UK Fintechs for some time now, and in total,
558 562 Fintechs are in the database showing connections to 194+ countries. A quick glance on the UK-US relationship indicates that 109 UK firms are “operational” in America.
The UK has long been known as a top global Fintech hub – aided by an already established global financial center, an entrepreneurial population and policymakers that have sought to support financial innovation (mostly). Of course, being at the top of the mountain today does not mean it is a chance to rest but should be a message to reinforce the efforts while selecting public officials that “get it.”
If you are interested, the mapping tool may be viewed here.