The UK’s financial services industry must equip itself with a better understanding of the technological skills it will require to thrive in the coming decade if it is to withstand the impact of Brexit.

In a report published on March 18, TheCityUK said banks, fund managers and other financial companies need to work more closely with universities and the government to ensure enough talent finds its way into the fintech market, which it estimated to be worth about £7bn to the UK economy.