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UK Decides to Exit the United Nations, London Fintech Community Unfazed

Amazing news today that could have a significant impact on the London fintech community.

April 1, 2017 By Peter Renton 2 Comments

Views: 8


Absolutely shocking news out of London today. With the ink barely dry on the letter sent to the European Union a few days ago triggering Brexit, the U.K. parliament did something no one expected. They passed a resolution to exit the United Nations.

While we all thought Brexit was shocking this announcement today is truly stunning. Particularly when you consider that the U.K. is a permanent member of the U.N. Security Council. Prime Minister Theresa May said that her government felt this was in the best interests of the United Kingdom and will help the country find its real identity in the world.

While the London Fintech community has taken Brexit in its stride this news will likely prove more challenging. But when I contacted industry leaders there early this morning they said the U.K. Fintech industry would be fine. The CEOs of Zopa, Funding Circle and Ratesetter all echoed similar thoughts, that the U.K. is a big market and that their businesses will continue to thrive with or without the rest of the world.

Many have argued that London is the Fintech capital of the world with more startups and more financial innovation happening in London than just about any other city in the world. It will be very interesting to see if this remains the case now in coming years.

One final note that came to light as we were about to publish this article. North Korea has sent an urgent request to U.N. Secretary-General António Guterres to be considered for the now vacant permanent membership on the U.N. Security Council. No word on a response yet.

Filed Under: Peer to Peer Lending Tagged With: April Fools Day, brexit, fintech, London

Views: 8

Comments

  1. Fred93 says

    April 1, 2017 at 2:20 am

    April fools.

    Reply
  2. Rob L says

    April 1, 2017 at 6:35 am

    Good one!

    Reply

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LendIt Fintech News, Powered by Lend Academy, has been bringing you all the news and information about fintech and online lending since 2010 when it was founded by Peter Renton. We not only have the industry’s most active news site, but also the largest investor forum and the first and most popular podcast.

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