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Lack of leadership, confusion and frustration - the state of digital identity in the UK

The Distributed Ledger: Blockchain, Digital Assets and Smart Contracts - April 2021 | Skadden, Arps, Slate, Meagher & Flom LLP

The Distributed Ledger: Blockchain, Digital Assets and Smart Contracts - April 2021 | Skadden, Arps, Slate, Meagher & Flom LLP
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Fintech innovation will be at the heart of London s recovery

Fintech innovation will be at the heart of London s recovery (Photo by Michael Gottschalk/Getty Images) Over the last week I’ve been out in the City actively showing my support for businesses reopening after lockdown, including getting a long overdue haircut. Local shops, barbers, pubs and restaurants are of course the backbone of places like the Square Mile. But as we look to kickstart a strong, sustainable recovery post-pandemic, what’s also essential is building on the UK’s leadership in technological innovation. That’s why I’m hugely excited about the start today of UK Fintech Week featuring IFGS 2021. Over the course of five days some of the biggest names in finance, government and tech are taking part in online events to discuss and debate some of the key issues affecting the sector both now and post-COVID.

A light in the dark

A light in the dark The UK’s growing and evolving fintech sector is key to forging positive social and economic change for all, says Louise Brett, head of fintech at Deloitte LLP.  By Louise Brett It’s easy to lose hope in times of darkness, and the past 12 months have without doubt given us our fair share of that feeling. Our truest challenge now is to remember, in the words of the poet Amanda Gorman: “There is always light. If only we’re brave enough to see it. If only we’re brave enough to be it.” Fintech has always been brave. From artificial intelligence to biometric account authentication, the sector brought unlikely suspects together with the aim of connecting to create better impact. As our worlds increasingly merge and overlap, it continues to empower and bolster the millions who use it, delivering better financial outcomes and driving change. Creating freedom and sparking partnership, growth and competition. Being a force for good.

MIL-OSI United Kingdom: Exporting boost to UK FinTech sector to help build back better

Flight path Department for International Trade announces package of export support for world-leading Fintech industry to boost trade, jobs and economic growth. Support includes bespoke FinTech Export Academy and FinTech Export Champions scheme to provide 1-2-1, sector-specific advice. FinTech sector employs around 76,500 people in the UK and is worth more than £11 billion to the economy. Promoting the UK as a global hub for FinTech and digital service, the Department for International Trade (DIT) has announced a series of measures that will help boost our presence in overseas markets. Marking this year’s UK FinTech Week, new support for the industry will help businesses more directly, making sure that they have the capabilities to export their products so UK firms can become world leaders in Fintech and industries of the future.

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