The fintech industry is going from strength to strength and the UK Government can play an important part in enabling fintechs to continue to thrive. We therefore welcome Philip Hammond’s promise to invest over £500m in numerous technology initiatives, including artificial intelligence and regulatory innovation, as well as unlock over £20bn of new investment in UK scale-up businesses. 

 

With this assurance, the government has shown a strong commitment to the fintech sector, which will hopefully help tech companies all around the UK to flourish and grow.