Watering-down stock market rules might sound outrageous, but the success of these companies matters to the market
Financial technology, or fintech, firms like to present themselves collectively as the very model of a 21st-century industry: slick, disruptive, growing rapidly and vital for national prosperity.
That self-image was endorsed on Friday by Ron Kalifa, former boss of payments processor Worldpay, in his review for the Treasury on how best to support the sector post-Brexit. “If the UK is to retain its position as a global leader in financial services, then we must lead this technological revolution,” he declared in the introduction.
