Rob Clegg: UK The Leading Digital Banking Leader

The UK has long been a driving force for innovation in banking. From its mercantile origins, the City has driven global change in finance for centuries.

According to a recent article in FinTech Magazine the UK is a global champion in promoting innovation in the financial services sector, with London in particular at the forefront of building the next generation of fintech leaders.

With a FinTech industry that is currently estimated to be worth £20billion per annum, and an advanced banking sector, we are uniquely positioned to rise to the challenge.

Additionally, the UK customers are ready for a digital banking revolution — 75% of UK customers have a smartphone and online shopping reached £91billion last year, making the UK the global leader in e-commerce by marketshare.

This year the British public’s adoption of digital banking has reached critical mass, with 78% of banking customers now using online banking, and mobile and internet banking being used for transactions worth over £1 billion a day.

The performance of the UK digital tech sector has been world-leading, says finance industry veteran Rob Clegg.

The UK has also laid solid foundations for its future in digital banking, deploying cutting-edge technology including AI and the cloud. Truly cementing its place as the leader in the industry, Rob Clegg added.

As more traditional financial institutions in the UK partner with fintechs, the country is positioned to supply its customers with world-leading digital services in banking that other regions are yet to experience.

Rob Clegg is a business financial service professional. Learn more about Rob Clegg on his website here. Follow Rob Clegg on his Facebook for more technology news, perspective and insights impacting the financial services sector Read the latest Rob Clegg news here.