Tech Nation launches FinTech Pledge to boost UK’s FinTech sector
By Megha Bhattacharya
Tech Nation, today, has launched FinTech Pledge developed by the FinTech Delivery Panel with support from HM Treasury (HMT). The pledge aims to speed up the growth of the UK’s FinTech sectors with enhanced collaboration between banks and major FinTechs.
John Glen, Economic Secretary to the Treasury commented, “The UK is already the best place in the world to start and grow a FinTech, and we’re committed to that remaining the case as our economy bounces back. So I welcome the FinTech Pledge from some of our leading banks and look forward to more firms becoming signatories.”
Tech Nation stated that, from today, banks will have the opportunity to volunteer as signatories to the pledge, with five major banks – Barclays, HSBC, Lloyds Banking Group, NatWest Group and Santander – already volunteered as early signatories through their involvement as members of the FinTech Delivery Panel.
Eileen Burbidge, Chair of the FinTech Delivery Panel and Partner, Passion Capital commented “It’s brilliant to see the collaboration and efforts of the FinTech Delivery Panel lead to this fantastic commitment, helping fintechs scale their businesses by partnering more effectively with banks. The FinTech Pledge, with the support of HM Treasury and the five largest banks in the UK, will support transparent and efficient collaboration, ensuring that the UK continues to lead the world in fintech innovation and sector growth.”
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