How the sector is shaping financial innovation through UK-wide fintech collaboration
‘The whole is bigger than the sum of the parts’ is a phrase which captures the essence and ethos of the UK fin- tech ecosystem ‘family’ in shaping the future of financial services for people, communities and businesses.
For this reason, it is always a privilege to bring together the inspiring collection of fintech entrepreneurs and leaders through an energetic symposium gathering from all corners of the UK to share their examples of how their financial innovation is positively impacting people’s lives.
This year’s UK Fintech Symposium highlighted the dynamic diversity of fintech entrepreneurs and innovators as well as the embedded interdependence we have with each other in mutually accelerating the UK’s national and global FinTech ambitions.
While each UK region makes its own distinctive contribution to fintech impact at local level – whether that is in addressing innovation in cost-of-living challenges, education, regulation, business adoption, net zero – the opportunity to share and collaborate provides a vibrant and rich environment to succeed together.
And, despite a challenging economic environment in recent years, the collaborative UK fintech community has demonstrated the value of interdependence on each other to drive positive economic and social outcomes through financial innovation which is not constrained by barriers and borders.
At the end of the day, this is all made possible by many committed fintech leaders and colleagues across the private and public sector as well as academia who share common values, tirelessly playing a pivotal leadership role in advancing the significant impact of financial innovation to ensure the ‘tide rises for everyone’ across the UK.
There is still a great deal to do in driving financial innovation to create new entrepreneurial businesses, to scale impactful new business models, to create new jobs, to develop new skills, to build international trade opportunities and boost economic productivity and growth.
However, as a united fintech family drawing on the inspiration and strengths from across the UK we will undoubtedly succeed as one national ‘fintech innovation family’.
