There is a “growing dissonance” between the ways financial technology (fintech) businesses are regulated in the EU and the UK, according to the compliance boss of Paysafe, a payment services firm.

He said Brexit has made attracting talent “substantially more difficult”. / A partner in a brand new $1bn venture capital fund has warned that London risks losing its status as a global tech hub as Brexit has made attracting talent “substantially more difficult”.

Sunak boasts of the UK as a leader in technology. He does not remind us that Brexit eroded our position.

Eighty-four per cent of fintech firms that planned to partly relocate UK operations to the European Union after Brexit ultimately enacted those plans by 2023; according to researchers at Anglia Ruskin University.

Almost 40% of surveyed firms have opened offices outside the UK, the majority in the EU. / UK FinTech firms who predicted in 2018 that they would partly relocate their UK operations to the European Union after Brexit have largely followed through with their plans, according to new research published today in the journal Advances in Economic Geography.

The Irish fintech sector continues to blossom of late, boosted by a number of companies who have established operations here primarily as a hedge against Brexit.