Global fintech and funding innovation ecosystem

Fintech Week London Launches Independent Review to Address the Fintech Industry’s Sustainability

LSE | Amelia Isaacs | Jul 13, 2022

Fintech week london - Fintech Week London Launches Independent Review to Address the Fintech Industry’s Sustainability

Image source: Raf De Kimpe/Fintech Week London

The London Stock Exchange is backing a new review into the rise and fall in funding and valuations in the fintech industry over the past few years.

The review, launched by Fintech Week London (FTWL), will bring together key industry partners, regulators, investors and fintech companies to ensure the industry “continues to thrive”.

Following record investment leves in 2021, there has been a sharp decline in fintech backing in 2022, with firms struggling to raise funds.

There has been an unfortunate growing trend of falling valuations, staff layouts and recruitment freezes across the industry as a whole.

The “ground-breaking” industry review hopes to address this explosive growth and rapid decline in funding and valuations within the fintech industry.

Fintechs at all stages of growth and development will feel the impact of changing valuations, slower funding rounds and hesitancy from investors.

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He explained this will have a knock-on effect on tech development, talent acquisition and retention, and the flow of innovative financial solutions to the end user.

He called on the community to share its thoughts on how best to protect the fintech industry in this independent review.

If anything, it ensures the sector can collectively take a step back and properly evaluate its long-term direction. After all, with Web3 technologies like blockchain on the horizon, we are very much likely to see a new wave of fintech innovation in the coming years.

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NCFA Jan 2018 resize - Fintech Week London Launches Independent Review to Address the Fintech Industry’s SustainabilityThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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