The UK is the second largest Fintech market in the world. Growing Fintech hubs in London, Manchester, Leeds and Edinburgh all contribute to a sector worth over £7bn. Digital challenger banks, lending platforms, payment service providers, digital wallets, cryptocurrency companies and data analytics players are all changing the financial services sector. Technologies such as blockchain, Artificial Intelligence and robots are driving innovation in the sector in intriguing new ways.
Our Fintech clients are all digital to their core. Their competitive advantage comes from the development of new technology and they will often define themselves as technology companies first and foremost. Nonetheless, they are breaking into one of the most heavily regulated industries and they must meet the challenges that entails.
BDO’s Fintech team and experience
The BDO Fintech team are all alternative finance or technology specialists. We are a cohesive team covering audit, tax, cyber-security, governance, risk management, internal audit, compliance, prudential conduct 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 wealth management platform businesses, e-money issuers and digital banks. We have particular specialism and are market leaders with P2P and short-term lending businesses.
We are experienced in working with entrepreneurially spirited and growing businesses that are disrupting their markets. This experience gives us an understanding of the issues that are common for Fintech businesses such as managing rapid growth and developing an international approach from the start.
Find out more about our Financial Services team