As Shadow City Minister, I have been championing the UK FinTech sector and I was delighted to give the keynote speech at Innovate Finance’s Global Summit 2023, where I got to meet some incredible people shaking up the financial services sector. It was great to meet Innovate Finance’s inspirational Chair Louise Smith and Earthchain UK, a climate action platform who are utilising blockchain tech in the fight against climate change.
As I set out in my speech, Labour has ambitious plans for the FinTech sector. Through embracing new technologies, and boosting skills and investment, we will ensure that the UK is the best country in the world to start and grow a FinTech.
I also visited the Wise office in Shoreditch and we had a useful discussion about the hidden cost of sending money abroad and how protected groups are disproportionately affected. A Labour government would work hard to make finance work better for everyone.