New digital mapping tool showcases scope of UK fintech expansion & connectivity in overseas markets

A new, free-to-access digital mapping tool that visualises the overseas footprint of UK-based fintechs has been launched today at the Innovate Finance Global Summit in London. This digital tool was created by the Cambridge Centre for Alternative Finance (CCAF) at Cambridge Judge Business School, the University of Cambridge, in collaboration with Innovate Finance with the support of UK Department of Business and Trade (DBT), the City of London Corporation and the UK Foreign, Commonwealth and Development Office (FCDO).

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The “Mapping the Global Footprint of UK Fintechs” project provides an indicative and interactive visualisation to showcase the scope and strength of the UK fintech industry’s global connectivity and expansion. Using data collected from 152 self-reported survey responses, coupled with open-sourced data for a further 400 UK-based fintechs, the digital map serves to inform future strategic decision-making by firms, regulators, policymakers and other stakeholders in the UK and around the world.

The digital tool displays the ‘footprint’ of UK fintech firms across the globe allowing users to easily identify where these companies are operating from and offering services to. Users will also be able to search for specific companies, countries of interest or market segments using the search function or navigation bar, providing quick and easy access to the information they need.

The digital tool shows that of 558 UK-based fintech firms mapped (e.g. fintechs that have the UK as their registered headquarters or as place of incorporation), 209 (37%) have an operational presence outside of the UK (either incorporated legal entities, physical offices, registered subsidiaries or joint ventures). Further, 318 UK firms (57%) are providing products or services outside of the UK.

Read a longer article on our website.

Image: courtesy of Cambridge Judge Business School



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