UK Government to host International FinTech Conference

By Jonathan Lawrence

The UK Government will host an international FinTech conference in London on 12 April 2017 to attract more investment into the FinTech sector. The International FinTech Conference aims to bring together domestic and international investors and UK FinTech firms.  The Conference will feature speeches by senior Government ministers and figures from FinTech, Venture Capital and Financial Services organisations. The conference will include fireside chats, panels and workshops for investors hosted by the UK Government, the Financial Conduct Authority and the British Business Bank. UK FinTech firms will have an opportunity to showcase themselves in an exhibition space and during a pitch session. Firms and potential investors, including Sovereign Wealth funds, family offices and high net-worth individuals should register their interest in attending the conference. It is expected to become an annual event.

The Economic Secretary to the Treasury, Simon Kirby, said: “Backing Britain’s world leading financial services industry is a key part of our plan to ensure the UK remains a great place to do business. The government is determined that London stays at the cutting edge of financial innovation and that’s why we will host a new, annual FinTech conference to boost capital investment in one of our fastest growing sectors. This will bring together hundreds of British FinTech firms and investors from around the world and cement our position as the global FinTech capital.”.

The decision to launch an annual conference followed an EY report, published in March 2016. At the moment, the UK FinTech sector is falling behind other countries’ sectors in capital investment. In 2015 the UK attracted £524 million of investment in FinTech in 2015, compared to £3.6 billion by California and £1.4 billion by New York. The conference will look to fill this gap by creating the opportunity for international investors to benefit from the wealth of FinTech firms seeking to scale-up.

Copyright © 2019, K&L Gates LLP. All Rights Reserved.