PwC is looking forward to starting its role in the first ever community-driven platform for the UK and global FinTech industry which launches today.
The FinTech Alliance, an organisation designed to bring together the UK’s and the global FinTech sector is now live after being announced by Her Majesty’s Treasury (HMT) in late April.
Since then more than 500 companies and individuals from all parts of the UK have joined the alliance, strengthening the regional collaboration between FinTechs across the country.
Andrew Kail, head of financial services and partner at PwC, said:
"Financial services firms are in pole position to harness technological advances - our recent FS Disruption analysis pinpointed a market upswing of £100bn by 2030 if sector incumbents and new entrants can cater for evolving consumer needs. The FinTech Alliance is an exciting initiative that will help nurture and accelerate these advances.
“The wider financial services industry is in pole position to drive positive change for consumers. This is a key opportunity to make this happen.”
The Fintech Alliance project has been launched in partnership with the Department of International Trade (DIT) to facilitate the digital platform bringing together the strengths of the UK’s FinTech ecosystem in a central hub.
Via the platform users will be able to:
• Raise brand profile and find business opportunities
• Access services, tools, resources, advice and mentoring
• Build a network of contacts and interact with key stakeholders
• Connect with investors to meet capital requirements
• Quickly and easily attract & hire talent
• Explore regional and international opportunities
• Receive the latest news, policy and regulatory updates, insights, events & intelligence
• Distribute content, join conversations, meet their peers, create relationships and learn from other leaders
• Attend masterclasses and upskill
A key focus of FinTech Alliance is on connecting commerce. The platform will also open up international opportunities and build bridges, enabling global growth and success. Its aims include attracting international investment, FinTech firms and talent to the UK, in addition to acting as a platform for UK firms to expand onto the global stage.
FinTech Alliance is continuing to invite the fintech community to sign up on the platform, to share ambitions and help develop the roadmap.
Individuals are able to register for free and businesses will have to pay a monthly subscription or annual fee for a presence on the platform. The profits made by FinTech Alliance will be used to drive further initiatives and support pre-existing organisations in the UK FinTech community.
Mark Leaver, financial services technology leader and partner at PwC said:
"FinTech presents a fantastic opportunity for financial services firms, government and regulators to come together and harness disruption. I’m excited that PwC is part of the Government’s FinTech Alliance and am looking forward to collaborating across the industry on discussions in this growing space."
For further information, please visit www.FinTech-alliance.com.
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