Ecommpay reposted this
Last night, our Chief Compliance Officer, Willem Wellinghoff, attended the Houses of Parliament to discuss the findings of the Fintech Founders 2024 Annual Survey Report. Since the Kalifa review of the UK FinTech industry was launched in 2020, the UK Government has unfortunately fallen short of meeting the objectives outlined in the report, with many of the recommendations delayed. This sentiment is echoed by the responses from FinTech founders who do not think the Government has a clear understanding of what the sector needs. While there have been some positives, such as the FCA launching a digital sandbox, in other areas, such as regulation, things have stalled. Founders are concerned that the UK risks losing its place as a world leader in FinTech unless something is done. Ecommpay is committed to building its business in the UK and continuing to invest in strengthening the FinTech industry. We welcome the government's response to this report's findings and hope to see continuous efforts to attract business and investment in FinTech in the UK by focusing on strong policies and opportunities. Ultimately, we hope the UK can maintain its healthy competitive advantage in the global FinTech market by encouraging investment and addressing regulatory barriers to growth. View the full report here: https://lnkd.in/e4V8GSAJ #Ecommpay #FintechFounders #FinTech #UKGovernment #Regulation