Fintech is changing the way we bank and is one of
From tapping your bank card to pay for your morning coffee, to using your smartphone to check your account in the evening, chances are you're a regular consumer of one of
This week is International Fintech Week, which is fittingly being held in
The industry provides consumers with better services and more choice, and lowers costs for businesses — we can all be proud of its success and the fact that the
As we prepare to leave the
Today we will bring together more than 100 of the
There is absolutely no reason why the
We can't remain No 1 for fintech and the other technologies of the fourth industrial revolution by simply relying on our ingenuity, talent and openness — we have to go out, be proactive and remind the world how we got there and tell them where we are going.
Second, the government will do everything it can to help you to attract the investment you need to grow — and we will make sure that we provide the right kind of support so that
As part of this, I am pleased to announce today that Barclays is committing nearly 25 million pounds over the next five years to fund a new fintech site in
Over the past 18 months, we have made it easier for
We want to increase trade and forge a new relationship with new markets, as I was doing last week in
I'm pleased that
Now, we stand on the cusp of the fourth industrial revolution, one that has the potential to transform the global economy. This revolution will be driven by disruptive technology such as artificial intelligence, biotech and fintech.
I am determined that this continues because I know that this is the best way of driving the highly skilled, highly productive economy that we want. We must do better at nurturing and developing the homegrown talent to drive our economy forward in the future.
Our vision of an outward-looking global
That is one of the principal drivers of our modern industrial strategy and it's why I announced a 23 billion pounds national productivity and investment fund and a new industrial strategy challenge fund to keep the
And it is why, today, I am proud to host the