Synechron

English

English Dutch
/ / INSIGHTS

Post-Brexit, Innovation is Anything But Business As Usual

Authored by: Adam Borowski, Consultant, Business and Management Consultancy

The Single Market and its ‘Four Freedoms’:
The European Union’s Single Market has fuelled economic growth across member-states since its inception. What’s more, it’s provided an environment for innovative and entrepreneurial behaviours to thrive through its ‘Four Freedoms’. More specifically; the free movement of capital has eased financial constraints on FinTech by making venture capital more abundant. The free movement of labour across the EU has enlarged the talent pool of skilled workers FinTech’s can recruit from. And finally, the free movement of goods and services; a benefit received through ‘passporting’ has expanded the market FinTech’s can serve.

How much FinTech will be affected by the UK’s withdrawal from the EU will largely depend on how beneficial these ‘Four Freedoms’ are perceived to be. London is not unrivalled as a European FinTech hub; low corporation taxes and a progressive regulatory regime have evolved transforming Dublin into a popular FinTech location. If FinTechs value the ‘Four Freedoms’ more than anything else they may choose Dublin as a viable alternative location.

Brexit has caused a significant disruption to ‘business as usual’ for financial services, forcing large incumbent institutions to revise their organisational structures and business strategy. In response to these challenges; FinTechs have proven to be a valuable collaborative partner, offering dynamic and agile solutions to the complex business problems

/ / SUBMIT YOUR DETAILS

Enter your details to download this article for free.

Image CAPTCHA
Enter the characters shown in the image.

Disclaimer

Synechron, Inc. and/or its affiliates and group companies takes your privacy seriously. By providing your information, you are signing up to receive information about Synechron services and related marketing. Your personal data will be protected in accordance with Synechron's Privacy Policy. By filling out this form, you are giving Synechron your consent so that we may communicate relevant information to you via email, telephone, invitations, and other digital notifications. If at any time you would like to withdraw your consent or update your profile and preferences, you can do so by clicking here or by contacting us directly.

We're ready to get started, are you?

Get in touch and we can connect you with the right people.