World-leading UK FinTech firms discuss sector plans at roundtable

Posted On: 2nd November 2016

Leading FinTech firms meet with City Minister, Simon Kirby to discuss how to build on the previous success of the sector.Map of United Kingdom

Some of Britain’s cutting-edge FinTech companies met with Simon Kirby, the Economic Secretary to the Treasury, to discuss how the UK’s world-leading FinTech sector can build on its previous success and take advantage of the opportunities ahead.

Earlier this year London was voted the global FinTech capital and in October 2016 the Treasury unveiled plans to hold a new international FinTech conference in London designed to attract more investment into the sector.

The meeting was the first of 2 roundtables with the sector, taking place over 2 days, at which the government is listening to the issues affecting the sector and the plans it has to grow and develop.

Attendees included chief executives from across the FinTech industry, financial regulators and Eileen Burbidge, HM Treasury’s FinTech envoy. Robin Walker, a Minister for the Department for Exiting the European Union, and Mark Garnier, the Parliamentary Under Secretary of State at the Department for International Trade, will also represent the government.

In his opening statement the Economic Secretary to the Treasury, Simon Kirby, said:

“FinTech is one of the shining lights of the UK economy. It is expanding rapidly, receiving high levels of investment, and employing some of the brightest minds the UK, Europe, and the World have to offer.

I am determined to see FinTech remain one of our great British success stories.”

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