Liam Fox as heralded the success of the UK's fintech market in a speech to the fintech market.
Liam Fox as heralded the success of the UK's fintech market in a speech to the fintech market.
In a closing speech to the International FinTech Conference organized by Department for International Trade and HM Treasury, the Secretary of State for International Trade said: “There is no country better suited to fintech than the UK.
He said: “As Secretary of State for International Trade, I have had the privilege to see first-hand how highly UK fintech is valued around the world.
“Last January, for example, I visited Hong Kong alongside a delegation of British businesses, discussing the strengths of the UK industry with a group of investors.
“They were keen to invest in the UK fintech industry, citing not only the rapid growth that the sector has enjoyed in just a few years, but also this country's vast pool of talent and experience.”
Last week, the Chancellor of the Exchequer, Phillip Hammond announced that Barclays will launch the largest fintech accelerator of its kind in Europe.
“There is no better place on earth to start, or expand, a financial technology business, Mr Fox added.
“The FinTech industry stands on the verge of an exciting future.
“The UK is its natural home, and from here, there is nothing it cannot achieve.”
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