Chapter 14

Fintech in a Global Setting


While there are similar banking and finance products available around the globe, there are also regional differences due to banking structure, regulations, institutions, maturity, consumer preferences, and cultural traditions. Fintech hubs are well developed in London, Silicon Valley, and New York, but there are well over 40 Fintech hubs around the globe. Investment in the United Kingdom has dropped off due to Brexit uncertainty. China has passed the United States as the largest retail market and the largest e-commerce market. Its Fintech activity has mushroomed. The Chinese government is supportive of these developments, and many of the new firms are backed by one or more of China’s mammoth ecommerce ...

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