June 27, 2016Blog Posts

‘Brexit’ Could Disrupt Fintech Business

The Wall Street Journal

The U.K. referendum result this past week could disrupt emerging digital payments rules and financial-technology upstarts. Europe is a key region for payments experimentation, with licenses allowing technology upstarts to make digital transfers across borders, a contrast to state-by-state regulation in the U.S. Several fintech firms such as TransferWise Ltd., Klarna, PayPal Holdings Ltd. and Circle Internet Financial Ltd. do business across the EU. But the U.K.’s exit from the EU could add hurdles and disrupt discussions about how upstart firms and technologies can work with incumbent banks and networks.

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