This article appeared in CityAM
Europe has been left behind in Big Tech.
The scene is overwhelmingly dominated by US companies, with China potentially coming up from the rear.
The question is whether Europe has the potential to avoid the same fate in digital finance — a sector that is likely to play a big role in future economic development.
What has become clear is that digital finance is not simply about shiny new tech. Deep know-how in finance is at least as important as the software itself. Also crucial to success is a renewed focus of what digital finance is supposed to achieve: disruptive technology that can democratise finance, increase competition, and better align the financial system with broader societal goals.
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