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As British Fintech Week begins, Innovate Finance, FinTech Scotland and FinTech North have formed a national network designed to encourage innovators across the country to connect and form several Fintech hubs and centers of excellence.
The UK has long been a fintech giant, with the industry investing more than $ 3.3 billion in investments last year, behind China and the United States. While London has dominated the sector, FinTech Scotland and FinTech North have been established in recent years to defend hubs outside the capital.
Now, these two organizations have joined forces with Innovate Finance, a London-based industry organization, to further expand the reach of financial technology.
The new FinTech national network will work to foster collaboration between centers and to amplify their collective message. The network will focus on mutually beneficial initiatives, such as skills and talents, capital and investment, and diversity.
Chris Sier, President of FinTech North and HM Treasury FinTech Envoy, said, "As the fintech industry continues to expand outside of London, it is really encouraging to see Innovate Finance taking more proactive steps to secure its business. to engage on a truly national basis.
"London's role in the global fintech economy is important, but I firmly believe that UK regional cities have a lot to offer both nationally and internationally, and even more so if they can collaborate with each other. others via initiatives such as the FinTech National Network. "
The announcement of the network in the form of a series of national events of a week begins to "celebrate the innovation, openness and collaboration that have made the UK a No. 1 Financial Technology Center ". Chancellor Philip Hammond and the Governor of the Bank of England, Mark Carney, will deliver speeches.
As Brexit looms, the week will focus on how the UK seeks to ensure that it remains an "investment-friendly environment for the fintech, that's what it is all about." it continues to attract and retain a diverse and global talent pool, and that it is promoted as the home of progressive regulation and ensure that the british fintech continues to contribute to the betterment of society in the world. "
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