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Innovate Finance

Innovate Finance, a new trade body dedicated to promoting and growing the UK’s burgeoning fintech sector, was launched on 6 August. 

Fintech is the fast growing and innovative technology sector that supports the financial services industry. Innovate Finance aims to represent and bring together companies and individuals working in the sector, and its members include firms ranging from the young and entrepreneurial through to the large and well-established. Reflecting the UK’s position as a global leader in international financial services, London leads the world as a centre for fintech.

Innovate Finance is backed by the City of London Corporation as the lead sponsor, and the Canary Wharf group as founding sponsor. The sector has strong support from the UK government, with Chancellor George Osborne launching the initiative at an event at Level 39. He commented: 

“Key to the government’s long term economic plan is cementing Britain’s position as the centre of global finance. It’s only by harnessing innovations in finance, alongside our existing world class knowledge and skills in financial services, that we’ll ensure Britain’s financial sector continues to meet the diverse needs of businesses and consumers here and around the globe, and create the jobs and growth we all want to see in the future.”