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In financial dialogue, the UK and Singapore Memorandum (memorandum) UK-Singapore fintech bridgeBuilding on the active interest of fintech players in the payments, regtech and wealth management space, The Bridge aims to support continued growth, investment and innovation in this sector.
Both countries also welcomed the opportunities the industry can offer in relation to financial inclusion, enhanced innovation and improved consumer outcomes.
The FinTech Bridge MoU is based on:
Investment in the UK fintech sector reached $9.1 billion, up 24% year-on-year from the first half of 2021. Meanwhile, during the same period, Singapore ranked as the leading jurisdiction for fintech investment in Southeast Asia, and he was sixth globally.
Andrew Griffith MP, Secretary of the Treasury Economics said: Today’s announcements will only accelerate growth and innovation in their respective sectors. His MoU announced today is very important. We would like to thank the Monetary Authority of Singapore for their constructive engagement throughout the discussion.”
in the meantime Janine HartCEO innovation finance, commenting that: growth to be achieved.
We look forward to supporting future financial dialogue and business-to-business activity between these markets. We are pleased to work with the leading organizations that IFGSMore When UK Fintech Week next year. “
Policymakers from both countries will meet regularly with the fintech sector to work to remove regulatory barriers to trade. On 24 November 2022, her two industry-led UK and Singapore business roundtables on sustainable finance and fintech took place.
