UK MP announces FinTech investment drive

Dr Liam Fox, the UK’s Secretary of State for International Trade, has launched a new FinTech investment drive to attract more funding into the sector. Investment into the sector grew by 153% last year to £1.8bn.

 As well as investment the drive will also create a steering board and work on building collaborations between academics, industry experts and businesses.

The steering board will be chaired by the City of London’s Lord Mayor, Charles Bowman, and firms including Zopa, Neyber, EY, Innovate Finance and Santander will sit alongside government, regulators and academics from MIT and Oxford University.

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