IFGS launched at Guildhall this morning to bring together experts in the industry
IN BRIEF:
Chris Hayward, chairman of the policy committee for the City of London Corporation made opening remarks
He highlighted how FinTech joins together the UK’s existing strengths with its thriving tech expertise
CEO of Innovate Finance, Janine Hirt, also spoke on the impressive growth of the UK FinTech industry despite national economic struggles in recent years
What does this mean?
Chris Hayward, chairman of the policy committee for the City of London Corporation, touched on the significance of the collaboration with the City Corporation, particularly in terms of regulatory compliance, noting that “together we will support a new revenue platform to host strategic dialogues between federal financial institutions and payments bodies. RegTech is a fast-growing area that has the potential to help firms to increase efficiency, reduce friction, and help manage compliance processes. I look forward to making progress in key areas such as financial crime and ESG.”
