Fintech makes it to Davos

Innovate Finance, a UK fintech association, will discuss how the UK became a leader in financial technology at the World Economic Forum.  

UK fintech companies are attending the World Economic Forum in Davos, Switzerland this week to discuss alternative technology with the world’s elite.

Innovate Finance, a membership organisation that represents fintech in the UK, is flying some of its members to the event to showcase the strength of the sector, Lawrence Wintermeyer, chief executive of Innovate Finance said in a press release.

Innovate Finance will discuss how the UK became a fintech hub at their Fintech Nightcap co-hosted with Infosys on Tuesday night.

The World Economic Forum is an annual meeting that brings together global leaders and sets a global, regional and industry agenda for the year. This year’s Davos theme is “responsive leadership.”

“In fact, if Davos attendees wish to see responsive, collaborative leadership in action, they need look no further than the success of Britain’s fintech sector,” he wrote in a City A.M. op-ed.

The UK is considered one of the leading hubs for fintech due to its welcoming regulatory environment and policies. Some leaders have expressed concern if the new UK government will continue to be as supportive as it was before Brexit.

Wintermeyer believes the sector will continue to grow, thanks in part to the regulatory environment already in place.

“The support for fintech from Number 10 and 11 is hugely valued, and its impact should not be underestimated,” he said.

Some of the companies joining Innovate Finance include Bankable, Bitfury, Deposit Solutions, Iwoca, Neyber, Novastone, Onfido, Opportunity Network, Oval Money, Salary Finance, Scalable Capital, Yoyo Wallet, and Zopa.

Stayed tune for updates this week  on Davos from alternative lender Neyber.