There will be negative consequences in the short term for all economies, predominantly the UK, and within the European Union some countries will be more at risk than others. Ireland is a case in point which will be sort of first affected. The Netherlands might be affected as well because it has a close relationship with the UK. Germany as well, the automotive industry.
BIS central bankers’ speeches  1  Such innovation in information technology has the potential to generate innovation, especially in financial services, and such financial innovation linked to information technology is expressed in the word “FinTech.” It is not at all surprising that information technology has a major influence on financial services, considering the close and inherent relationship between the two as described above.