Financial technology (fintech) can include any innovation in the way in which people transact business.
Traditionally this may have been confined to the back office of banks. But we’ve seen innovation break out into a variety of areas of personal and commercial finance.
London is the Fintech capital of the world, with fast growing Fintech hubs in Manchester, Leeds and Edinburgh all contributing to a sector worth over £10bn, the UK remains the global Fintech leader.
Digital challenger banks, lending platforms, payment service providers, digital wallets, cryptocurrency companies and data aggregators are all changing the financial services sector. Technologies such as blockchain, Artificial Intelligence and robots are driving innovation in the sector in new ways.
Our Fintech clients are all digital to their core. Their competitive advantage comes from the development of innovative financial products, harnessing new technology and regulation. Many define themselves as technology companies first. Nonetheless, they are breaking into one of the most heavily regulated industries and they must meet the challenges that entails.
Parker Russell Fintech team are all financial services and technology specialists. We are a organised team covering audit and assurance, tax, cyber-security, outsourced finance and accounting, governance, risk management, internal audit, compliance, and regulatory advice. We will guide you through the demanding regulatory environment that typifies the market as well as helping you with any other business challenges you face.
Our clients include a large number of alternative finance platforms, wealth management platforms, e-money issuers and digital banks. We are experienced in working with entrepreneurially-spirited and growing businesses that are disrupting their markets. This experience gives us an understanding the issues that are common for Fintech businesses such as managing rapid growth and developing an international approach from the start.