Lord Mayor of London Virtually Visits Australia, Chats about Fintech Collaboration

The Lord Mayor of the City of London has kicked off a “virtual programme in Australia” with the goal of discussing green tech and Fintech collaboration.

According to DIT, William Russell, the 692nd Lord Mayor of London, will be promoting closer collaboration in in these two areas as key drivers behind the post-pandemic global economic recovery, as well as focusing on market access.

The virtual visit will also include meetings with investors such as ANZ and AusSuper, as well as meetings with political leaders and the Committee for Economic Development in Australia (CEDA).

There will also be a joint webinar with Senator Jane Hume on the digitization of the economy, following the launch of Open Banking in Australia.

The UK is in the midst of solidifying many different trade agreements following its exit from the European Union. The City of London Corporation has released a report that outlines how a free trade deal and regulatory cooperation could benefit the financial services sector.

The UK Government estimates that a free trade agreement could lead to a £900 million increase in UK exports to Australia.

The Lord Mayor stated:

“As we look towards establishing a closer trading relationship together, I believe that we have a particular opportunity to strengthen collaboration in green finance and Fintech – two areas of our industry which will be key catalysts for post-pandemic global economic growth.”

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