The fintech revolution is democratising finance, and London is leading the way

It has been a busy seven days for those who work in fintech or follow its developments closely.

A week ago today, we saw unlikely partners come together at the start of the Innovate Finance Global Summit.

The City’s 800 years of Gothic grandeur of the Great Hall played host to leading innovators, investors, politicians, regulators and trade bodies for speeches, roundtables, and pitches from over 1,500 guests. Now in its fourth year, we really have seen this annual convention go from strength to strength, acting as a focal point in the sector’s calendar.

It showed just how the industry can work together, tackle challenges, and look for commercial opportunities. To that end, I am delighted that I will act as vice-chair of the newly established Fintech Strategy Group, created in conjunction with Innovate Finance, which will act as a platform to add further creativity in this area of financial services.

Making sure that fintech has a powerful voice and clout in the future is essential for its organic growth.

Pretty much as soon as we brought the curtain down at Guildhall, the government hosted its own International Fintech Conference, where chancellor Philip Hammond launched the new fintech sector strategy. This followed our calls for a “fintech sector deal” to cement the UK and London as a leading global hub for fintech, while we also saw the establishment of a new crypto-assets taskforce, and plans to make it faster and easier for fintech firms to comply with complex regulations

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