Being one of the few truly international financial centres, the UK’s dominance in this field is considered to be one of its strongest points. Edinburgh and Glasgow are presently two of the most competitive, globally important financial centres, whereas London has continuously placed second in the Global Financial Centres Index.
The UK government is committed to ensuring the stability and predictability required for ten years of economic expansion and beyond. Given that the UK is currently ranked as the second most desirable country for investment in PwC’s most recent global CEO survey—its highest rating in 28 years—confidence in the UK as an investment destination is already strong. In the meantime, UK fintech companies raised more money in 2023 than the following 28 European nations put together, enhancing the UK’s standing as a reliable, investment-friendly location.
The success of the UK is largely dependent on its global positioning. 41% of fintech companies headquartered in the UK have historically operated abroad, and this external orientation is still present today.
There aren’t many organisations that better represent the outlook than JPMorgan Chase, which has over 22,000 employees nationwide and significant operations in London, Glasgow, and Bournemouth. The bank’s Glasgow Technology Centre is a prime example of the regional financial ecosystem in the UK, which is centred on technology and driven by local talent.
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