FUELLING FINTECH - ATTRACTING THE UK’S FUTURE TECH TALENT INTO FINANCIAL SERVICES

Contents

• Foreword 4
• Executive Summary and recommendations 5
• Introduction and methodology 9
• FinTech and the future profile of the industry 11
• A future FinTech skills strategy for the industry 19
• Conclusion 31

INTRODUCTION AND METHODOLOGY

The quantitative breakdown

The UK is at the heart of the global financial services market. It is the leading exporter
of financial services across the world, with more banks’ head offices in London than
any other city. Financial and related professional services provide employment for 2.3
million people across the UK, or 7.4% of total UK employment. It is also the UK’s largest
generator of tax revenues, £14 out of every £100 in tax revenues are paid by the financial
services, legal and accounting sectors. The rule of law, world leading regulation and the
unique ecosystem ensure the UK is a place to develop new financial services businesses.

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