We commissioned this report to uncover the ambitions and anxieties driving decision making in fintech firms across the country.
Whilst AI is leading the agenda when it comes to the future of technology, fintech still remains the ace in the pack for investors. In fact, fintech businesses contribute more than £10 billion to the UK economy every year – supporting 76,000 jobs.
Fintechs also tend to outperform firms in other sectors too, with an annualised growth rate of 16% over the past decade, against 1.3% for the average SME.
Our survey of more than 250 senior decision makers within the fintech industry revealed a broad spread of responses, reflecting the challenging conditions they are operating in.
Many anticipate that the impact of input costs will recede going forward, with a quarter (25%) citing it among the biggest pressures of the past six months, but fewer than a fifth (19%) expect it to remain so in the six months ahead.