CCAF debuts new device to trace UK fintech affect

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A brand new device has been launched to assist monitor the abroad affect of UK fintech firms, together with UK peer-to-peer lending platforms.

The Cambridge Centre for Different Finance (CCAF) at Cambridge Choose Enterprise Faculty and Innovate Finance have created the device, which is free to make use of and follows 563 UK-based fintechs throughout 82 international locations with a view to exhibit the attain of the UK fintech market.

UK P2P is effectively represented on the record, with Abundance Funding, Crowd2Fund, CrowdProperty, Folk2Folk, Plend and LandlordInvest among the many firms being tracked.

“We consider this to be the primary time that such a complete mapping and visualisation of the UK fintech trade’s abroad enlargement and connectivity has been made publicly out there to tell market improvement and evidence-based policymaking,” mentioned Bryan Zhang, co-founder and govt director of the CCAF.

Learn extra: Name for UK fintechs to disclose their international enlargement plans

“Fintech and different types of digital monetary companies are well-positioned to develop abroad with a view to develop and scale, empirical knowledge is due to this fact wanted to assist key stakeholders to work collectively and create a extra enabling atmosphere for them to go international.”

The digital device permits customers to simply determine the place UK fintechs are working from and providing companies to. Customers can seek for particular firms, international locations of curiosity or market segments utilizing the search operate or navigation bar.

In accordance with the info, the highest 10 abroad jurisdictions during which UK-based fintech companies have an operational presence and connectivity are the USA, Singapore, Australia, Spain, Germany, United Arab Emirates, France, Netherlands, Eire and India.

Learn extra: Fintech lenders play “crucial position” in LatAm

The highest 5 enterprise fashions represented by these companies are digital funds, enterprise know-how provisioning, regtech, cryptoasset alternate and digital lending.

“This interactive digital device is a eager illustration of the energy, connectivity and enlargement of the UK fintech sector, demonstrating the trade excellence and international management in monetary innovation by UK fintechs,” mentioned Janine Hirt, chief govt of Innovate Finance.

“We’re delighted to have been in a position to collaborate with the CCAF and different companions to create this glorious showcase that goals to supply visibility, readability and proof to allow the subsequent chapter of UK fintech development and enlargement to abroad markets.”

Learn extra: CCAF founder to chair open banking working group



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