Fintech Brexit Exit?

Note from the Publisher:  It appears that the fallout from Brexit may be starting to ripple through London’s massive fintech community.  Azimo, a money transfer firm is considering moving to another European location. 

“London-based online money transfer business Azimo is considering switching its headquarters to mainland Europe because of Brexit, which it says could threaten Britain’s position as a global hub for the financial technology – fintech – industry.

Financial services firms operating out of London rely on the EU’s “passporting” system, which allows them to sell their services across the bloc while being registered and regulated just in Britain, thus saving huge amounts of money by not having to set up shop in each member state.”

Read Full Article at Reuters