The Department for International Trade (DIT) is seeking applications from the UK Regtech sector to participate in a Regtech Mission to New York. The DIT Mission is scheduled to take place from November 13 to 15th. DIT states that the Mission offers UK firms the chance to showcase their platforms to the US market, engage with US regulators and VCs, while gaining insight into overcoming barriers to doing business in the US.
Antony Philipson, HM Trade Commissioner for North America, commented on the Mission:
“The UK represents the cutting edge of regulatory technology, and our unparalleled sector expertise helps guide financial services firms across the globe. This special, DIT-hosted trade mission will give a select group of British Regtech firms the opportunity to showcase their unique solutions to the US market at a critical economic juncture for the industry. We’re excited to be partnering with the A-Team Group on this mission and looking forward to bringing these companies to the New York Regtech Summit in November.”
Tomas Helm, Head of Fintech at the Department for International Trade, added that the Mission is taking place at the “most opportune time.”
“… it builds upon both the US-UK Financial Innovation Partnership, which established a regulatory working group in May, and the UK’s departure from the EU on 31 October,” said Helm. “UK Regtechs continue to be on the frontline of financial innovation globally, and working with DIT, companies will get to engage with US financial firms who will have regulatory compliance at the top of their agendas.”
DIT states that ideal candidates for the Mission are companies that are actively entering the US market or who have US clients.
Delegates will also attend the 2019 Regtech Summit on 14 November.
To apply, companies should visit http://bit.ly/UKRegTechTradeMission and submit their application using the online portal no later than 23.30 EST on 12 September. Accepted applicants will be notified by September 19th.