The UK has entered 5 FinTech Bridge agreements with other FinTech hubs including Singapore, South Korea, China, Hong Kong, and Australia. These bespoke agreements create valuable opportunities for the UK by overcoming barriers to international market entry and linking UK-based FinTechs with opportunities for international investment through:
- Collaboration between key players in the UK FinTech sector and in Bridge markets on emerging market trends
- Regulatory agreements that support firms to overcome market access barriers in each jurisdiction
By sharing knowledge and best-practice with Bridge jurisdictions, and aligning international FinTech policy development, we are increasing opportunities for FinTech firms to export solutions to key markets at pace.
HM Treasury, the Department for International Trade, and the Financial Conduct Authority are responsible for the delivery of FinTech Bridge policy.
UK-China FinTech Bridge
The UK-China FinTech Bridge was launched in London in November 2016 during the eighth UK-China Economic and Financial Dialogue by the Chancellor of the Exchequer, Philip Hammond and Chinese Vice Premier, Ma Kai. The Bridge is underpinned by a regulatory cooperation agreement signed between the Financial Conduct Authority (FCA) and the People’s Bank of China (PBOC) that enables regulators to share information about financial services innovations in respective markets, including emerging trends and regulatory issues.
To find out more and request FinTech Bridge support from HM Treasury, please email email@example.com.
To find out more and request FinTech Bridge support please email FSO Fin Techs FSOfintechs@trade.gov.uk.