Here’s Why Brexit Won’t Ding London’s Thriving Fintech Scene

A UK departure from the European Union won't damper London's hot fintech space, according to one expert. 'Obviously Brexit creates uncertainty and uncertainty is not good,' said Hank Uberoi, CEO of Earthport, a London-based global payment services company. 'But the reality is, nothing is going to change in the next couple of years other than wondering what's going to happen and London has a significant amount of advantages.' Those advantages include a credible regulatory system, a strong educational system, a good source of talent, according to Uberoi, who thinks these characteristics will remain in place regardless of Brexit. If some fintech companies were unable to handle the uncertainty, Uberoi said they may move to Ireland, Amsterdam, Berlin, Denmark and Sweden. '[In these cities] you have credible educational institutions and good regulatory framework,' he added. TheStreet's Scott Gamm reports from Wall Street.