A man uses a laptop in the Level39 FinTech hub based in the One Canada Square tower of the Canary Wharf district of London, Britain, August 5, 2016. REUTERS/Jemima Kelly
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Six weeks after Britain's vote to leave the European Union threw London's future as a leading global fintech hub into doubt, there are tentative signs the country's reputation for innovation in financial services will survive.The startups in the "Level 39" Canary Wharf hub worried the surprise June 23 vote to leave the EU would cost Britain access to Europe's single market, shrinking their talent pool, putting off foreign investors and damaging the country's fintech status.That has put many businesses into a holding pattern and made some, including in fintech, consider leaving Britain.Innovate Finance reckons 30 percent of the sector's 61,000 workers are from overseas, with most from the European Union.Britain's fintech sector generated 6.6 billion pounds in revenue last year, global accountancy firm EY said in a report commissioned by the British government.Some fintech firms are already asking about possible licences in EU member Ireland just in case Britain won't have access to the single market, Dvilinskas said.
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