EU weighs strategy to compete in fintech with global rivals
European Union finance ministers will discuss this week a plan to attract more financial-technology companies, in a bid to bridge the gap with global competitors and offset the loss of Europe’s main fintech market after Britain leaves the bloc. The EU fintech market is dwarfed by those in China and the United States. It is concentrated in Britain, which is set to quit the EU in 2019, leaving the bloc with a fraction of the small but flourishing industry.
Source:: https://finance.yahoo.com/news/eu-weighs-strategy-compete-fintech-145908921.html
