5 Strategies Used By UK Fintech To Expand Globally

uk (5) (1)

As the nature of an individual hits our mind, it surely strikes how one must be handling their personal finance. Around 40 unicorns in fintech are holding their positions on UK grounds worth more than $15 billion. Talking more about this country, people here accept the invention and for them, word of mouth is one of the most influential forms of marketing. It is a hub for fintech companies that use technology to improve financial services in the digital age. 

All these points are directing to a logic that why technology is faster, vast, and enhanced in foreign markets? 

Fintech touching roots in the UK  

Asserting fintech companies in the UK, it comes under one of the most developed countries with a systematic ecosystem filled with talent-proof people on the grounds. The cherry part is the perspective that the fintech and banks are equally trusted. Yet the competition speaks for itself, in a saturated marketplace, the UK fixes its success spot every year hence, conquering the title of ‘The Developed Kingdom’ from different countries.  

But UK fintech knew what was coming! However, the growing companies in this industry needed constant upgrades with time keeping the mindfulness towards people. It’s said as time changes, the attitude of people to buy stuff changes too. Henceforth this becomes important for companies to change their technology and set up the trending ones. The UK community in this industry survived in the game with the existing technologies. Going through a survey last year by Sankey Solutions, ideal fintech companies in the UK had an innovation charm where founders tie their principles, starting from building the potential to boosting efficiency with affordable costs financial services became the face of a new mode of exchanging money from 2005 onwards whereas other countries took the chain forward in 2010 henceforth.  

Growing banking apps working digitally are an outcome of embedded technologies in it; major ones like artificial intelligence, cloud-based infrastructure, agile frameworks give assistance to users in tracking their finances, providing them simpler and paced access to all the banking services, helping them automate the repetitive tasks along with analyzing the data hence letting people experience a real-time banking experience while sitting on their comfortable couch. These windfalls are enough for any customers to get psychologically attracted.  

If you are part of a fintech and follow what people look up to, mobile banking is your game to fish in. Going for digital loans to mobile stock services following e-commerce payment platforms everything is planted in the digital financial access.  


The inability and lack of these technologies can lead to the unhealthy trust of people in fintech; hence the innovation and careers will remain untouched in terms of success. On the contrary, besides lacking trending technology the UK is still considered to be the prior grounds of global finance, incubated with trusted banks and insurance companies. For these reasons, outcomes and impacts, the venture capital firms invested $4.57 billion in UK fintech companies. The fintech leaders accounted to raise $18 billion funds for providing maximum benefits to the people. Today 4 out of ten residents are having a fintech account. The increment in industry users has heaped from 23% to 25% in 2021. Whereas the competition like the US and other foreign markets are on the leading stage as compared to the UK . Commencing from digital card payment technology trails to excelling in areas of payments, banking software and cyber security are the benefits which foreign market focuses on. Surely your brain is processing how US markets can level up themselves?  


Well, there are multiple technologies grabbing a spoon for making fintech a global success.  


Technologies   Application in fintech  
Blockchain   Securely stores financial records and sensitive data including daily transactions 
Artificial Intelligence (AI) and Machine Learning (ML)  It allows credit scoring, fraud detection, regulatory compliance and wealth management. 
Big Data and Data Analytics  Help to extract datasets, consumer preferences, spending habits and investment behavior to do predictive analytics.  
Robotic Process Automation (RPA)  Enhances transaction management, regulatory compliance management statistics and data collection. 
Open APIs   Pushes to Implement new features and services to existing software.  


These technologies have pulled the rope of customers for entering and accepting fintech with open arms and concrete trust. Many fintech companies in the UK made their internal structure strong with this above-mentioned bagful support. US fintech has the potential to raise its bars and offer an end-to-end product protection platform that is assisting businesses in securing every transaction and planning other features like insurance commitments and accident protection covering. Summing up, today startup enterprises and leading global organizations from different markets have formed higher customer-oriented and user-friendly digital applications in the financial industry by developing new information technology (IT) powered products and services, leading to rising digital servitization of financial products. 

Are you a UK-based fintech company and willing to grow your roots in foreign markets by including the trending technologies?  

Drop your comment and have a tour of our website or get in touch.