UK Chancellor Rachel Reeves placed fintech at the forefront of a financial services growth strategy, aiming for a decade-long expansion driven by innovation and tech-forward policies. This includes a digital market for private shares, a digital bond initiative, and enhanced anti-fraud measures across sectors, marking fintech as essential to maintaining competitiveness and efficiency in UK financial services.
Key points:
- Fintech is central to a new decade-long UK financial growth plan.
- Key initiatives: digital markets for private shares, digital gilt pilot projects, and enhanced fraud protections.
- Aims to enhance competitiveness and adapt to modern financial demands.
- Strategy highlights sustainability and leveraging advanced technologies.
