Ron Burgundy Posted March 26, 2015 Share Posted March 26, 2015 By Steve Slater LONDON (Reuters) - From the shabby streets of east London, some of the brightest minds in technology and banking are plotting a revolution. London's "Silicon Roundabout" has become one of the top hubs for financial technology - or fintech - where start-up firms are launching products to bypass traditional banks with phone apps and websites, or help financial firms adapt to a digital era. Investment in fintech firms in Britain and Ireland swelled to $623 million last year, more than double the $264 million seen in 2013 and representing 42 percent of fintech investment in Europe, according to research by consultancy Accenture released on Thursday. Although the United States continues to attract the lion's share of fintech investment, London has established itself as Europe's fintech hub and the pace of growth had accelerated this year, start-up firms and bankers told Reuters. View the full article Quote Link to comment Share on other sites More sharing options...
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