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Britain is already suffering from a Brexit-driven drag on fintech

UK fintech startups such as TransferWise and Azimo are setting up new European headquarters outside of Britain; Expansion is driven by fears of losing out under Brexit deal and represents lost growth for UK economy; Luxembourg's fintech lobbyist believes US and Asian fintech businesses looking to expand will now snub Britain as a result of Brexit. LONDON — It was less than two hours into the Treasury's first International Fintech conference last week that Taavet Hinrikus pierced the government's jingoistic bubble.
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