The terrace with a view of the Eiffel Tower at Le Village by CA, a value-creating start-up incubator of banking group Credit Agricole, in Paris, France, July 7, 2017. REUTERS/Gonzalo Fuentes
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France's fast-growing fintech sector is optimistic the country's dynamic new president will push it up the global rankings. But startups based in London do not yet seem ready to swap that key hub for Paris, even if they have French roots. Since last June's vote to leave the European Union, other countries have been jostling to replace London as the sector's main European hub.Of the top 10 European banks by global assets, four are French, and its fund management industry is also one of the biggest in the world.London was top.President Emmanuel Macron, a former investment banker voted in two months ago, wants to change all that. Last month the 39-year-old president attended the launch of "F Station" in Paris, the world's biggest startup campus.Alain Falys, CEO of mobile payments startup YoYo Wallet, is based in a fintech co-working space in London's Canary Wharf but is originally from northern France.
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