UK FinTech State of the Nation

At the Innovate Finance Global Summit (IFGS) this week the UK FinTech State of the Nation report was released, forming part of the Invest in GREAT campaign.

The FinTech State of the Nation is a comprehensive summary of the UK’s FinTech industry to help inform stakeholders for trade and investment and demonstrate the UK’s attractiveness as a FinTech destination, convening knowledge and perspectives from industry leaders across the UK's FinTech ecosystem.

Speaking at the Summit, the Rt Hon Philip Hammond noted that the sector in the UK now employs over 76,000 people, is worth nearly £7bn to the UK economy, and provides financial services to nearly 50% of the population, compared to a global average of just 33%.

FinTech is a key sector in Singapore and an agenda theme for the Chamber in partnership with Standard Chartered Bank for 2019. Look out for more activities driven by our Finance and FinTech business committee and the Chamber executive team on this important sector in the months ahead.