Innovate Finance is holding its Annual Global Summit in London during UK’s Fintech week. Innovate Finance is a public-private membership association that advocates on behalf of all things Fintech both in the UK and globally. The organization reported the more than 2000 attendees from around the world to share information and learn about emerging financial innovation. To help mark the event, Innovate Finance opened the London Stock Exchange.
Important balance to be made @eileentso regulators need to protect consumers & ensure resilency but also encourage new sources of innovation pic.twitter.com/IXGYURSLCr
— Innovate Finance (@InnFin) April 10, 2017
The group says this year’s summit addresses both the challenges and opportunities for financial services. Topics like Brexit, globalization and other political uncertainties will be hot discussions at the Summit while the UK strives to stay the leading Fintech Hub in the world.
Day One keynote speakers include Sir Tim Berners-Lee, creator of the World Wide Web, Mark Boleat, Chairman of the City of London, Eileen Burbidge, Partner at Passion Capital & UK Fintech Envoy, and Nick Ogden, CEO of ClearBank, the UK’s first clearing bank in 250 years. On the second day of the conference, Innovate Finance will host their first Fintech competition, Pitch360. The finalists will pitch for six minutes at Guildhall in London in front of a committee for a chance to win £10,000 cash prize.
“Bringing together over 2000 people from the FinTech world, Innovate Finance’s global summit is the perfect way to kick off this year’s FinTech week,” commented Simon Kirby, Economic Secretary to the Treasury. “The next few days offer an unprecedented opportunity for ambitious UK firms to come together with investors, regulators, legal experts, and government advisers to talk about the best way for them to scale up and flourish. We are already the best in the world at FinTech and we are determined to keep it that way. FinTech week 2017 is a crucial part of our plan to forge a truly Global Britain that remains a great place to do business.”
Boleat, who announced today a new Fintech cluster to be established in Broadgate with the assistance of Innovate Finance, called the UK the “unparalleled leader” when it comes to Fintech.
“Government’s backing of Fintech initiatives and our financial sector’s dynamism in responding to customers’ needs has helped propel the UK onto the world stage when it comes to Fintech – a trend shows no sign of slowing down. Bringing together Fintech leaders from across the world, Innovate Finance’s Global Summit is the ideal setting for these major players to share ideas and solutions to the biggest challenges facing the sector. We’re thrilled to once again host this event and look forward to establishing how the UK can continue to build upon its stance as the global leader in Fintech,” said Boleat.
Lawrence Wintermeyer, CEO of Innovate Finance said the UK was opening its doors to the global community to discuss the future of Fintech.
“The City of London is the home of global FinTech and we look forward celebrating UK FinTech throughout the week.”
Today kicks off a week of events in London surrounding the Fintech industry. Multiple announcements have been released including a report by Deloitte that labels London the top global Fintech hub, tied with Singapore.
Our mission is to serve you – our @InnFin members concludes @lwintermeyer in his speech #IFGS2017 @cityoflondon pic.twitter.com/uG1OoWH3xs
— Innovate Finance (@InnFin) April 10, 2017