Govt to set fintech strategy in support of 'crucial' sector

FCA to create space for advisers

Carmen Reichman
clock • 2 min read

The government is to set a fintech strategy for the UK in an attempt to remain the leading market for financial services innovation.

Economic Secretary to the Treasury Harriett Baldwin (pictured) set out the plans in a speech at the 2016 Innovate Finance Global Summit in London on 11 April. She said the government wants to show it is committed to initiatives which will "make our fintech sector even stronger". In particular, Baldwin announced three new measures: 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; to create a professional services information hub for fintechs, making it easier f...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA and FOS release call for input to modernise redress system

FCA and FOS release call for input to modernise redress system

Comes after Rachel Reeves’ Mansion House speech

Isabel Baxter
clock 15 November 2024 • 3 min read
Chancellor targets FOS modernisation and FCA consultation

Chancellor targets FOS modernisation and FCA consultation

Consultation part of the advice guidance boundary review

Isabel Baxter
clock 14 November 2024 • 3 min read
FCA issues warning notice against Crispin Odey over 'lack of integrity'

FCA issues warning notice against Crispin Odey over 'lack of integrity'

Regulator alleges 'reckless disregard' on governance

Cristian Angeloni
clock 04 November 2024 • 2 min read