Oracle decides on Brussels for European fintech innovation centre

Tuesday 3 July 2018 11:41 CET | News

US-based computer technology company Oracle has chosen Brussels as the centre of its European financial technology innovation programme.

Oracle chose the Belgian capital to host its Fintech Innovation Programme due to its proximity to European financial institutions and to the European Commission.

It will now dedicate more European staff and resources to setting up what it described as “mutually monetisable” relationships with fintechs and digital banking startups through a partnership with public and private sector ecosystem B-Hive Europe. B-Hive Europe is a Brussels-based fintech platform that brings together major banks, insurers and market infrastructure players. elaborated on the fact that while Brexit was not mentioned as a reason for choosing Brussels, London would have been the logical place to set up such a centre before the UK Brexit referendum, but with UK companies now set to lose access to the European Union single market, this is no longer the case.

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Keywords: Oracle, fintech, Brussels, European Union, Brexit, European Commission, B-Hive Europe, digital banking
Countries: World