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Brexit could hurt London's status as a fintech hub, TransferWise warns

Brexit could hurt London's status as a fintech hub, TransferWise warns

Finance
London's status as a global financial technology hub could be undermined if Brexit complicates the ability of companies to operate across Europe and access to talent becomes difficult, the co-founder of an international online money transfer platform warned Tuesday.Brexit talks kicked off last week between the U.K. and the European Union, following an election that saw Prime Minister Theresa May's Conservative Party lose parliamentary majority. Taavet Hinrikus, CEO of London-based unicorn TransferWise told CNBC on the sidelines of the World Economic Forum's annual June meeting in Dalian that a couple of factors in particular were important to financial technology companies such as his. "It's really two things which are important to TransferWise and all of the high-growing companies in tec...