Posted on February 13, 2017 by staff

Fintech Fortnight Seminar will assess sector’s bright future


A Fintech Fortnight Seminar taking place in London on Thursday (February 16) will look at the future of the sector, from start-ups through to market leaders.

Hosted by financial journalist of the year and radio presenter Georgie Frost, the event is part of the first ever Fintech Fortnight.

A ‘celebration of everything fintech’, it aims to draw attention to the rapidly advancing industry, which is impacting and evolving all aspects of finance.

Running from February 6 to 19, Fintech Fortnight has been run in partnership with Nationwide, Pension Bee, Bud, and others.

An independent report published in February 2016 ranked the UK as the world number one FinTech hub; ahead of the likes of Silicon Valley in the USA.

It cited investment, the nature of the UK’s governmental regulation and its particularly accommodating policies as key factors to success in the UK.

Another study, by PWC, theorised fintech will be an industry in its own right within a few years, and could eventually constitute a quarter of the global finance industry.

Financial Services Insurance Manager at ICAEW Philippa Kelly said: “FinTech, although largely a term used in start-up circles has gained such momentum that even legacy establishments have to consider how to adapt and embrace FinTech into the services they offer.

“Fintech is making finances more accessible to consumers and businesses owners and is going to permanently change the financial landscape.”

Matt Cox, Head of Innovation and Insight, Nationwide Building Society added:  “FinTech and digital developments are fundamentally changing our relationship with money and our financial services providers.

“New technology drives convenience, enabling more people than ever before to manage their money whenever and wherever they are.

“We understand that the financial services industry will continue to rapidly evolve and believe that the latest technology, alongside market leading face to face customer service and support is a powerful combination.”

The doors to the ICAEW’s auditorium (the Institute of Chartered Accountants in England and Wales) will be open between 10am and 12pm.