Earlier this year, Prime Minister David Cameron voiced his enterprise of creation UK a universe personality in a fintech zone by 2020. Chancellor George Osborne has also said that he wishes to make UK a global fintech capital. However, as a year comes to a close, their skeleton are being dented by a bitcoin hotbed China that has surprisingly bagged 7 spots in a tip 50 fintech companies list published by Fintech Innovators. Two of these companies, ZhongAn (#1) and Qufenqi (#4), underline in a tip 5.
ZhongAn is an online word association that has a subsidy of Jack Ma, a owner of a sell hulk Alibaba.
The list called The Fintech 100 is a corner bid between KPMG and H2 Ventures that analyses a tellurian fintech space. Financial technology, ordinarily famous as ‘fintech’ involves cryptocurrencies such as bitcoin.
Speaking to the Financial Times, Warren Mead, Head of Challenger Banks and Global Co-Lead Fintech said: “The UK is clearly a heading core for fintech though with a arise of Chinese firms that position is not guaranteed.”
China is clearly severe a UK’s repute as a fintech leader; a year ago, usually one Chinese association featured in this survey. Other Chinese determined companies that have bagged their spots