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