Twenty years ago, when I first became aware of FinTech, it was possible to count the number of UK companies specialising in that space on two hands so small was the sector.
Not any longer. Today there are more than 1600 active FinTech companies employing 75,000 + peoplein the UK contributing £7 billion to the economy and we are rightly considered one of the most innovative and exciting countries in the global FinTech landscape.
Despite this success many challenges remain. FinTechs still face the perennial concerns about securing funding, navigating financial services regulation and finding the best access to market.
At the same time established institutions continue to struggle to find the right technology solutions to help keep their businesses relevant at a time when society is demanding ever greater speed, transparency and ease of use in managing their finances. Meanwhile, very aware of the UK’s success, other countries are investing heavily in their own FinTech infrastructure.
Faced with these challenges, and in order for the entire UK FinTech sector to grow and succeed, I am convinced that we need to harness all our talents and create one place where the entire FinTech ecosystem can come together, connect, communicate and thrive.
That’s why I’m incredibly proud to welcome you to the FinTech Alliance, the first comprehensive digital platform and marketplace dedicated to the entire UK FinTech sector.
By building a profile as an individual or a company, you will be able to access and share a wealth of insight and news across the platform, connect with investors, receive updates on the latest policy and regulatory changes, and find the talent they need in order to scale. The platform will also open up international opportunities and build bridges, enabling global growth and success. Its aims include attracting international investment, FinTech firms and talent to the UK, as well as acting as a platform for UK firms to expand onto the global stage.
Our focus is truly national and regional - giving FinTechs the opportunity to grow regardless of where in the UK they are based will be essential for the sector as a whole. And we are committed to nurturing this community. All profits generated by the FinTech Alliance will be reinvested back into the FinTech community.
So, what’s the best way for you to fully understand the capabilities of the FinTech Alliance? Sign up and explore it yourself! We feel sure you’ll find it of real value.
And, if you have ideas of how we can even better serve the FinTech Alliance community please drop us a line at email@example.com
Thank you for all you do and best wishes with your endeavours.
Alastair Lukies CBE