As the UK strives to become the leading financial technology (FinTech) centre in the world, the Prime Minister embarked on a trade mission to south-east Asia, taking with him FinTech specialists from across the UK.
Companies such as Blockchain, Pennies and Earthport were amongst the 31-strong delegation hoping to capitalise on the opportunities available in the fast-growing markets of Indonesia, Singapore, Vietnam and Malaysia.
The Prime Minister’s trade mission came as FinTech membership body Innovate Finance published its new manifesto: Innovate Finance Manifesto: 2020. This ambitious manifesto aims to increase the number of people working in UK FinTech by 100,000 by 2020 – almost doubling the 135,000 people that currently work in this sector.
Prime Minister, David Cameron, said: “This government wants the UK to be the leading FinTech centre in the world, that’s why, at the Summer Budget, we appointed a special envoy for this fast growing sector. I’m pleased that Innovate Finance’s manifesto has set such ambitious goals including the creation of 100,000 jobs. This will ensure we are a world leader in the development of financial services technologies.”
While in Vietnam, the Prime Minister hosted a FinTech roundtable at the Ho Chi Minh City Stock Exchange (HOSE), bringing together UK companies with Vietnamese companies and financial institutions.
With the UK FinTech sector generating £20 billion in revenue last year, this is a market with real opportunity for growth.
In its quest to become the leading FinTech centre, at the Summer Budget the government appointed Eileen Burbridge as the UK’s FinTech Special Envoy. It also announced that it will undertake a FinTech benchmarking exercise in the autumn to help identify barriers to the development of the sector in the UK.
Like our Facebook Page
Strange Ways the Sporting World Impacts the Environment
The Future of Cryptocurrency is Eco-Friendlier than the Present
Why Bill Gates Is Wrong on the Climate Impact of Bitcoin
Everything You Need to Know to Create an Eco-Friendly Nursery
4 Environmental Benefits of Using A Buckwheat Pillow
Eco-Friendly Ways to Dispose of The Office Furniture!
7 Huge Advantages of Using Solar Power at Home
5 Important Changes to Become An Eco-Friendly Nicotine User
4 Great Ways to be a Committed Eco-Tourist While Flying
7 Basic Types of Forex Charts Ethical Investors Must Understand
How to Make Your Ecommerce Business More Eco-Friendly?
How Can Social Media Help In Promoting Sustainable Lifestyle?
Luxury Development for The Ultra-Rich Causing Climate Change Conundrum in Barbuda
How Does Bitcoin Mining Work and is it Eco-Friendly?
Is Gen Z Ahead of Millennials in Terms of Eco-Investing?
Four Reasons Why Buying Used Cars Is the Way to Go Green
There is no Planet B: The Growing Importance of ESG
Wonderful Environmental Monitoring Tips to Keep Indoor Air Clean
The Tremendous Benefits of Investing in Energy-Efficient Windows
4 Morning Productivity Tips for Green Entrepreneurs that Are Night Owls
- Features10 months ago
Eco-Friendly Interior Design Is Easier Than You Might Think
- Features7 months ago
Eco-Friendly Hacks To Create A Durable Shop For Your Home
- Features8 months ago
5 Simple Ways To Create A Greener And Healthier Home
- Environment11 months ago
The Benefits Of Sustainable Agriculture For Farmers