Overview
The Financial Technology sector (Fintech) is revolutionizing the industry for financial services by simplifying transactions, reducing costs, making innovation possible, strengthening customers and improving safety.For Fintech in Europe, investments in the sector fell by almost 56 percent in 2022 from $ 39 billion to $ 17.4 billion due to high interest rates and persistent inflation..More than 76,000 jobs for the British economy.
In May 2019, the US. Treasury and the treasury of his MajestyU.S.-UK Financial Innovation Partnership (FIP).Fip tries to encourage cooperation in the private sector, makes sharing expertise in regulatory practice and to promote growth and innovation.
The British fintech ecosystem is the largest in Europe.By Ron Kalifa, OBE, Califa reviews of various recommendations, including changes to the British listing rules, Technical -VISA improvements, creating a legislative 'scale subject' and setting up a center for finance, innovation and technology.The recommendations offered by Kalifa Review, including changes in the British frame rules.
Leading sub -sector
The fintech sector has seen stable growth and an acceleration of adoption in different subsector, including payments, regulatory technology (regtech) and insurance technology (Insurtech).
Possibilities
The British fintech industry offers opportunities for innovative American fintech solutions that must be supplied as disruptive technology, as well as for blacksmiths with the largest established financial institutions.Fintech North, Fintech West, Fintech Northern Ireland, Fintech Scotland and Fintech Wales.
Sources
- U.S.-UK Financial Innovation Partnership
- HMG -RAPPORT (Maj 2019), "UK Fintech: Nation State"
- UK Department for Business & Trade
- Fintech alliance
- Innovate financing
Industry -events include:
- UK Fintech Week
- Innovate Finance Global Summit (IFGS) is held every year in Guildhall in London.
- Money 20/20 Europe, 4-6 June 2024, Amsterdam, Holland
For more information, address:
Stephen Brown, Commercial Specialist, U.S. Commercial Service, TLF: +44 (0) 20 7891 3451
