Government mobilising on fintech under Hammond

By Ryan Weeks on 9th February 2017

P2P/Marketplace LendingChallenger BanksInvoice Funding

UK Treasury unveils new fintech delivery group, plans international conference in early April.

Government mobilising on fintech under Hammond

It looks as though the UK government is keen to hang onto the title of fintech capital of the world after all. The fintech delivery panel – an initiative that was unveiled shortly after Chancellor Philip Hammond’s first Autumn Statement in November – will be staging its first formal meeting at the end of this month.

The Treasury’s special envoy for fintech Eileen Burbidge will chair the meeting. There are 24 industry experts participating in the group, including Monzo CEO Tom Blomfield and Starling Bank boss Anne Boden. Funding Circle, Seedrs and MarketInvoice will represent the alternative finance sector.

The group is tasked with driving fintech specific policy recommendations, and was pulled together by the government funded group Tech City UK.

“This panel will play a key role in nurturing fintech companies to scale up and become global leaders in their field,” said MarketInvoice CEO Anil Stocker.

The government has also announced plans to host an International FinTech Conference in London on April 12th. The event will seek to connect a wide variety of domestic and international investors with the UK’s flourishing fintech scene. It will be jointly hosted by HM Treasury and the Department for International Trade. 

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