UK poised to lead fintech growth and scalability in Europe

  • Fintech Fringe returns to London Tech Week 2024, spotlighting growth and scalability.
  • Key discussions on customer acquisition, fundraising, and regulatory compliance.

OUR TAKE
Fintech’s fringe innovations captivate me deeply. These advancements aren’t just reshaping financial services; they’re democratising access to financial tools, empowering individuals globally. As someone passionate about inclusive economic growth, witnessing Fintech’s evolution inspires hope for a more equitable future where financial empowerment knows no boundaries.communities globally.
Dudu, BTW Reporter

Fintech Fringe has made a vibrant return to London Tech Week 2024, showcasing the UK’s prime position for fostering fintech growth and scalability.

Supercharging fintechs for scale and success

The event underscored how new organisations can learn from established firms. Nick Drewett, CCO of Starling Engine, shared insights on commercial strategies and technological advancements. He emphasised the role of engineers in decision-making, stating, “At Starling, engineers innovate and write the code, adjusting the platform as needed. Our infrastructure is designed to handle failures without consumer impact.”

Drewett also highlighted the importance of call centres in building trust and relationships, moving beyond the traditional view of call centres as mere cost centres.

Also read: What are fintech banks solutions?

Also read: What are 4 categories of fintech?

How to pivot products to supercharge sales

A panel featuring David McHenry of HSBC Innovation Banking, Alexandra Rivas-Gale of ClearBank, and Adam Moulson of Griffin, explored how firms must keep customers in mind and pivot products to align with their evolving needs. Moulson stressed, “Understand the problem you are solving and its value to the customer before designing anything. Prove there is a viable business opportunity.”

Opinions

Fintech Fringe is more than just a conference; it’s a melting pot of innovation and inspiration. Witnessing industry leaders share their journeys, the challenges they’ve faced, and the breakthroughs they’ve achieved is a powerful reminder of the transformative power of fintech. It’s a testament to the resilience and creativity within the sector, pushing boundaries to create better solutions for tomorrow.

Fintech Fringe 2024 not only highlights the UK’s strategic importance in the fintech landscape but also brings together the brightest minds to share insights and foster collaboration. The event embodies the spirit of innovation and community, driving the fintech industry forward with renewed vigour and vision.

Doris-Du

Doris Du

Doris Du is an intern reporter at BTW Media. She graduated with a master's degree in Translating and Interpreting from The Hong Kong Polytechnic University. Send tips to d.du@btw.media.

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