Read our 6am update from the Innovate Finance Policy Team who worked through the night to provide some up-to-the-minute analysis of the #UKGeneralElection! This includes a brief analysis of what a Labour Government means for FinTech - including pledges to support new technology, including Open Banking and Open Finance while ensuring a pro-innovation regulatory framework. Their manifesto pledges which are relevant to FinTech include: - Regulators and regulation: A new Regulatory Innovation Office will help regulators update regulation, speed up approval timelines, and co-ordinate issues that span existing boundaries. - Fraud: A new expanded fraud strategy to tackle various threats, including online fraud will be introduced. Labour have pledged to work with technology companies to stop their platforms being exploited by fraudsters. - Investment: Increase investment from pension funds in UK markets and adopt reforms to ensure that workplace pension schemes take advantage of consolidation and scale. A review of the pensions landscape to consider steps to increase investment in UK markets. For a full overview of Labour’s key pledges relevant to FinTech in their 136-page manifesto, read our analysis here - https://lnkd.in/eZ87ugR3 Read here our election analysis from 6am: https://lnkd.in/eceDTFZt #UKGeneralElection #FinTechPolicy #VoiceOfUKFinTech #GE24 #GeneralElection2024
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Innovate Finance is excited to unveil our ‘FinTech Plan for Government’: a roadmap to maintain the UK’s global leadership as the best place to start and scale a FinTech and maximise FinTech’s contribution to the Government's mission to grow our economy and create opportunity for all. Our blueprint for the first 100 days and into the Parliament ahead offers recommendations on three priority areas that can grow the economy: 🔹 Building the world’s first smart data economy 🔹 Making the UK the most secure place for consumers and businesses to use digital finance 🔹 Making the UK the world leader in adopting new technology in financial services: unlock investment at all stages of growth; focus regulators on innovation; and equip everyone with essential digital and financial skills If realised, these ambitions could add £328 billion to the UK economy over five years. Our Plan highlights the vital role of FinTech in driving economic growth and presents opportunities for government and regulator partnership with FinTech to help deliver government goals with faster, more tailored and efficient solutions. It also includes proposals on ‘in-tray’ priorities pending before the election: a National Payments Vision, proportionate regulation of Buy Now Pay Later, and giving the regulators powers to introduce a stablecoin regime. Janine Hirt, CEO at Innovate Finance, says, “The UK has a window of opportunity to forge ahead which it cannot afford to miss. Our plan sets out a clear, actionable programme for the new government to support the continued growth of the UK FinTech ecosystem.” Read the plan🔗 https://lnkd.in/d_s35KyV #FinTech #VoiceOfFinTech #FinTechPlanForGoverment Adam Jackson | Megan Jenkins | Paul Worthington | Christopher Foo | Jago Corry | Roberto Napolitano, MBA | Joe P B | Lauren McLean | Layla Harris
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We welcome Valkiv as a new Innovate Finance Member 👏 🎉 Find out more about membership👇 🔗 https://hubs.ly/Q02GfhTV0 #InnovateFinance #FinTech #InnovateFinanceMember
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📣 This weeks Innovate Finance news round up! 📣 👇 London Stock Exchange | Be Inspired - with Rod Lockhart - CEO and Christian Faes - Executive Chair and Co- Founder, LendInvest (LSE: LINV) 📽️ 🔗https://hubs.ly/Q02GfWJH0 eBay Seller Capital and Liberis Partner to Accelerate Small Business Growth 📈 🔗https://hubs.ly/Q02GfNx00 Alipay smooths mobile phone payments at the checkout 📲 🔗https://hubs.ly/Q02GfLpp0 Revolut and Wise investor Index Ventures raises $2.3 billion to back founders from seed to IPO 🤝 🔗https://hubs.ly/Q02Gfxkw0 Cogo Calls for Banks to Act Against Climate Change 🍃 🔗https://hubs.ly/Q02Gf-VB0 Ethos Selects Thought Machine to Ensure Everyone Can Access Finances While Upholding Ethical Values 👍 🔗https://hubs.ly/Q02Gfsbr0 Open Banking | OBL publishes Open Banking Standard v4.0 to assure future ecosystem growth 🔗https://hubs.ly/Q02GfNw30 Want to read more membership insights? 🔍 Click here 👉 https://hubs.ly/Q02GfSXV0 Not a member, but would like to know more? 👋 Click here 👉https://hubs.ly/Q02GfJgK0 #VoiceOfFinTech #InnovateFinance #InnovateFinanceMember #FinTech #UKFinTech #GlobalFinTech
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It's been a big week since Keir Starmer became Britain’s Prime Minister: The Innovate Finance Policy Team have covered all the latest news, including: 📄 Our FinTech Plan for Government 👑 A look ahead to The King's Speech (on Wed 17th July) 💰 The launch of a National Wealth Fund 📣 A call for input from the Business Secretary Read more - https://lnkd.in/eqs_r-UZ Adam Jackson | Michael Carter | Paul Worthington | Megan Jenkins | Christopher Foo | Jago Corry #VoiceOfFinTech #FinTechPolicy #InnovateFinance #FinTechPlanForGovernment
Week 1 of the new government: FinTech update From the Innovate Finance Policy team - Innovate Finance – The Voice of Global FinTech
innovatefinance.com
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Over ¼ of UK FinTechs directly address inequality* 🚀 FinTech is a true Force for Good 🎉 👉 Join us at our FinTech as a Force for Good Forum in October and be part of the conversation with FinTech leaders, investors, policy-makers, regulators and international hubs 📢 🔗 https://hubs.ly/Q02Gl7zR0 *Source: The FinTech Impact Report: Working through the world’s to-do list by Accenture's FinTech Innovation Lab London Vested Impact The Data City and Innovate Finance #FinTech #InnovateFinance #FinTechForGood #FFFG
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The Innovate Finance Vision for the First 100 Days of Government: Our roadmap for the new Labour government outlines critical steps to bolster the FinTech sector within the first 100 days and support the government’s missions to grow the UK economy and create opportunity for all: ☑ Early July: Appoint Smart Data Cabinet Minister ☑ July: Commit to Delivery of Mansion House Pension Compact ☑ July/Aug: Review PSR APP reimbursement implementation ☑ Late July/Aug: Commission Smart Data Council ☑ Late July/Early Sept: Introduce Smart Data / DPDI Bill ☑ September: Enact secondary legislation for bespoke BNPL regulation ☑ Mid-Sept: Commit to developing a National Capital Strategy ☑ Sept/Oct: Implement secondary legislation for stablecoin regulation ☑ October: Publish a National Payments Vision By following this timeline, we can foster our thriving FinTech ecosystem to continue to drive economic growth and innovation. 🔗 Read the full plan https://lnkd.in/d_s35KyV 🔗 Register for our upcoming webinar on our election insights https://lnkd.in/dfiQCXyC 🔗 Check our Policy & Regulation Programme https://lnkd.in/exMTYpQ2 Adam Jackson | Paul Worthington | Megan Jenkins | Christopher Foo | Jago Corry #VoiceOfUKFinTech #FinTechManifesto #FinTechPlanForGovernment #FinTech
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We welcome Just Build It (JBI) as a new Innovate Finance Member 👏 🎉 Find out more about membership👇 🔗 https://hubs.ly/Q02GfjxZ0 #InnovateFinance #FinTech #InnovateFinanceMember
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We are excited to unveil our #FinTechPlanforGovernment, outlining strategic actions to propel the UK's FinTech ecosystem forward. These initiatives aim to significantly boost the UK economy, adding £328 billion over the next five years. Read the full plan: 🔗https://lnkd.in/d_s35KyV Register for our webinar on navigating the new government: 🔗 https://lnkd.in/dfiQCXyC Adam Jackson | Paul Worthington | Megan Jenkins | Christopher Foo | Jago Corry #VoiceOfUKFinTech #FinTechManifesto #FinTechPlanForGovernment #FinTech
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We had an incredible summer season with our #FinTechAcademy Sessions, packed with insightful discussions and expert knowledge ☀ A big THANK YOU to all our members who attended and our outstanding speakers who made these sessions so impactful 🙌 1️⃣ Google AI Training Our session with Google Digital Garage on Artificial Intelligence was a hit! Google trainers shared valuable insights on machine learning and AI in marketing, while participants had the chance to engage directly and address their AI-related business challenges. 🤖 2️⃣ R&D Tax Regimes with Deloitte We delved into the intricacies of R&D tax credits with Reena Malde from Deloitte. Members gained crucial insights on recent changes to R&D regimes, the new merged R&D tax relief regime, and HMRC's approach to R&D enquiries. 💹 3️⃣ Meet the Press with Elizabeth Lumley Our exclusive session with Liz Lumley, Deputy Editor at The Banker, was a fantastic opportunity for members to learn what makes an interesting story for The Banker and get tips on working with the media. Liz’s extensive experience in the financial technology space provided invaluable guidance. 📰 🙏 Special Shoutouts: Google Digital Garage for their expertise in AI. Reena Malde from Deloitte for her deep dive into R&D tax credits. Elizabeth Lumley for her media insights and engaging session. 🔗 Stay tuned for our next FinTech Academy sessions coming up this autumn! https://lnkd.in/dsQ4HvGt We can't wait to bring more opportunities for learning, networking, and growth to our vibrant FinTech community 💡 🚀 Roberto Napolitano, MBA | Joe P B | Hayley S. | Paul Duarte | Joshita Ganesan | Lauren McLean | Aimee Jerogin #VoiceOfUKFinTech #FinTechAcademy
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