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Three new initiatives for the fintech sector at the 2016 Innovate Finance Global Summit

Economic Secretary to the Treasury, Harriett Baldwin, announced three new initiatives for the fintech sector at the 2016 Innovate Finance Global Summit. These are to:

  • Establish a fintech panel and delivery support function which will set an overarching fintech strategy for the UK and monitor and drive forward fintech initiatives;
  • Create a professional services information hub for fintech, making it easier for them to source legal and accountancy services, and access practical and cost-effective basic services;
  • Establish with UKTI “bridges” with priority global markets, helping UK fintech companies to expand internationally.

Here is the full text of her speech