Smart Pension has welcomed the Government’s new fintech strategy, unveiled this week. The suite of new measures includes automating regulatory compliance, new industry standards which will make it easier and cheaper for financial service providers to partner, as well as a taskforce to manage cryptoassets while harnessing the underlying technologies they use such as blockchain.
The government also announced a so-called ‘Fintech Bridge’ trade agreement with Australia, which will allow British fintechs to sell their products and services there.
Will Wynne, co-founder and MD of the automated workplace pension said: “We totally support the new strategy and think it’s vitally important that the Government backs British fintechs. Initiatives such as ‘shared platforms’ should in theory help to take us one step closer to the pensions dashboard.