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Tag: SCF

From industrial revolution to FinTech and how the market will evolve

This post was first published on Linkedin  One upon a time, UK’s manufacturing led the industrial revolution. And my adopted city, Manchester played a significant role during the industrial revolution thanks to the booming cotton trade at the time. As manufacturing moved to low cost labour markets, London became the centre for the financial services industry. Starting with trading stocks and commodities, the market boomed as financial wizards brought innovation through new instruments. With subprime mortgage fiasco in 2008 and the subsequent bailing out of banks, the industry lost a significant trust. Whilst pays are still high, it no longer…