Written by Parabellum Investments
6 May
Rami Cassis was quoted in City A.M. exploring whether London could soon overtake New York as the world’s leading fintech hub. The feature followed the latest Global Financial Centres Index, which shows London closing its gap with New York to just a single point – the narrowest margin in recent editions.
Cassis argued that growing instability in the U.S., driven by White House policy and economic headwinds, could weaken New York’s fintech dominance. He pointed to falling investor confidence, declining consumer spending, and a potentially volatile IPO market as risks that could dent the city’s global standing.
Despite London’s momentum, Cassis cautioned that New York retains structural advantages, including a deeper consumer market, stronger venture capital infrastructure, and a more risk-tolerant business culture. He described the UK’s challenge to overtake New York as an “uphill battle” that should not be underestimated.
However, Cassis noted that London’s relative stability and central position within Europe make it well placed to benefit from shifting global sentiment. As fintech valuations come under pressure in the U.S., London’s more stable environment could increasingly appeal to investors and founders alike.
Read the full article here.
