Innovate Finance FinTech response to Teresa May's speech
By FF Newsroom · 18 January 2017
"Whatever the outcome of the negotiations, the UK should maintain a continued commitment to digital transformation. Rather than purely focus on a competitive taxation regime, the UK should pursue more “activist regulation” such as Sandboxing, Open APIs and RegTech to transform our financial services sectors in an increasingly digital economy.
Moreover, a new economic model may require a fundamental shift not just in our policy-making, but also in the technologies which are utilised to deliver this. It is in this context that a new FinTech Big Bang may once again enable the UK to set the agenda in financial services, whatever the outcome of Brexit."
Lawrence Wintermeyer, CEO Innovate Finance