UK Prime Minister David Cameron Backs ‘Ambitious’ FinTech Manifesto
A new Fintech manifesto ‘UK FinTech 2020’ has been released as UK Prime Minister David Cameron voiced his support, leading a trade delegation of British FinTech leaders, including bitcoin wallet provider Blockchain, to South East Asia. The manifesto, released by the independent membership association for the global FinTech (financial technology services) sector, Innovate Finance, has some ambitious goals including securing London’s position as the world’s FinTech capital and creating 100,000 jobs. UK Prime Minister David Cameron has expressed his support for the initiative: “This....
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In August Bitcoin Magazine reported that the"Innovate Finance Manifesto: 2020," released by Innovate Finance, an organization focused on promoting U. K. leadership in digital fintech, was praised by British Prime Minister David Cameron. "This government wants the U. K. to be the leading fintech center in the world. That's why, at the Summer Budget, we appointed a special envoy for this fast growing sector," said Cameron. "I'm pleased that Innovate Finance's manifesto has set such ambitious goals, including the creation of 100,000 jobs. This will ensure we are a world leader in the....
UK Prime Minister David Cameron has given his nod to an ambitious manifesto presented by the industry think tank Innovative Finance, focused at making UK the world leader in the fintech sector by 2020. The manifesto sets ambitious goals of attracting $8bn of investment and for UK to become the global home of 25 top financial technology companies based on IPO, global market share or valuation, and help in creation of 100,000 jobs by 2020. Currently, the UK fintech sector generates £20bn of GDP and employs 135,000 people and investment in UK FinTech more than doubled last year to $623m,....
Though the United Kingdom plays a definitive role in the growth of FinTech industry, which is now worth £20 billion in annual revenues to the UK, employs 135,000 people, and attracted 42% of all European FinTech investment in 2014, Prime Minister David Cameron is not satisfied. Thus, Cameron, has welcomed FinTech 2020, which aims to make the UK the premier location for at least 25 global FinTech leaders, whether by IPO, global market share or by valuation. Talking about FinTech 2020, Cameron said:
Last week, wallet provider Blockchain represented the bitcoin industry in an official government trade mission. CEO Peter Smith was one of 31 executives to take part in a trade delegation, led by Prime Minister David Cameron, to promote the UK's FinTech businesses in Southeast Asia. The FinTech sector, which now employs 135,000 people in the UK and creates $20bn in annual revenue, is a key part of the Conservative Party's plan to stimulate trade and investment. While the nation received 42% of Europe's FinTech investment last year, trade body Innovate Finance wants to capture an even....
The U.K.’s former Prime Minister David Cameron said on Monday that the blockchain can be used to fight government corruption and that he is ‘excited’ about the potential that the technology presents. Speaking at the opening of FinTech startup Blockchain’s new London offices, Cameron said that what ‘most excites me is the potential that your technology has to fight corruption and to deal with failures of governance and governments and the rule of law all over the world,’ reports Business Insider. Talking about countries where so many people are trapped in poverty with corrupt and failed....