Significant policy changes and reform of London’s company listing regime in the wake of Brexit is set to spark a “digital big bang’ in the UK in a bid to accelerate the growing fintech industry within the nation — according to a recent, government-commissioned review.

With global fintech revenue expected to reach more than $300 billion by 2022, there’s plenty of justification behind the UK prioritising its fintech industry as a key area to retain businesses and work on attracting fledgling companies. 

The UK government will utilise a visa scheme that’s targeted at fintech professionals in a bid to fill any emerging gaps in the sector’s workforce as a result of Brexit causing a loss of access to the EU’s significant skills base.

The move has already been greeted by the fintech industry, in which many players had been concerned about access to skilled workers before the conclusion of the Brexit process.

According to a Sunday Telegraph report, chancellor Rishi Sunak will soon announce a plan to help the UK fintech sector to retain the talent it needs to continue as a world leader in the industry.

Source: entrepreneur.com