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 bans and fines two over pensions transfer advice

FCA bans and fines two over pensions transfer advice

'Poor advice' related to BSPS transfers and other schemes

Jen Frost
clock 31 October 2024 • 2 min read
FCA rulebook review input call could be 'a little premature'

FCA rulebook review input call could be 'a little premature'

Deadline for post-Consumer Duty rule change feedback is 31 October

Jen Frost
clock 29 October 2024 • 2 min read
Most fixed firms agree FCA regulation enhances UK's reputation

Most fixed firms agree FCA regulation enhances UK's reputation

More than half agree regulation is aligned with rules imposed by other regulators

Isabel Baxter
clock 23 October 2024 • 1 min read