In his speech Rishi Sunak set out some new initiatives to promote UK Fintech.
The initiatives are aimed at ensuring the sector’s growth and helping the UK to remain at the cutting edge of digitalising financial services.
Highlights included the announcement of a new task force between the HM treasury and the Bank of England, a new financial market infrastructure sandbox to protect regulatory standards, and changes to the UK visa system which would allow companies to recruit promising tech talent from around the world. All of which look like positive steps for the Fintech industry.
As an emerging Fintech startup, we’ve taken a keen interest in this week’s announcements.
Joiin co-founder, Lucien Wynn, commented:
“We see this week’s announcements by Chancellor Rishi Sunak at Innovate Finance’s UK Fintech Week as a clear step in supporting Fintechs to grow and succeed not just in London, but also in areas across the rest of the UK, driving vital international growth at a crucial time.”