Big question is......why has the Netherlands despite the "Outdated" regulation been the home to unicorns such as Adyen, Flowtraders, GlobalCollect and strong payment companies such as Payvision.....and is the home to the largest trading firms such as IMC?
The Netherlands has the potential to become a fintech hub, but only if the country's regulatory framework is overhauled and banks, startups and government improve cooperation, according to a new report. With technology transforming all aspects of the financial services industry and money pouring into the firms leading the change, countries and cities around the world are jockeying to become fintech hubs. In Europe London has established itself as the fintech centre, but the Netherlands, where the financial sector generates seven per cent of GDP, wants to join the likes of Berlin and Helsinki in providing an alternative. A new report from Rabobank, ING, Holland FinTech and Roland Berger takes London as a role model and identifies three barriers to success: outdated regulation, insufficient expertise at the watchdogs, and poor cooperation between startups, existing players and government.