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
Managing Director at 1CG | ex-COO of CFIT, on a mission to innovate financial services and the wider ecosystem ����
1wA new regulatory innovation office sounds interesting, and whilst the BBB did try during CBILS/BBLS, I can see why a reform would be a good idea. #openfinance is the enabler...