RATESETTER and Crowd2Fund are among the UK fintech firms who will be accompanying economic secretary to the Treasury Simon Kirby on a trade mission to Singapore this week.
The firms are expected to take part in talks about the UK’s regulatory regime, while building wider trade links between the UK and south east Asia.
“This trade mission is a great example of how the government can show support for the UK’s fintech industry and help maintain the momentum which has resulted in the UK becoming a major global hub for fintech,” John Battersby, RateSetter’s head of communications and policy, told Peer to Peer Finance News. “We are very pleased to be involved in the trip.”
The trip has been organised by HM Treasury and the Department of International Trade. It will coincide with Singapore’s Fintech Festival, which takes place from Monday 14 November until Friday 18 November. Azimo, Currency Cloud, Misys, Novastone Media, Opportunity Network, Suade and WealthObjects will also be included on the trade mission.
Asia’s booming fintech market has been in the spotlight recently and the chancellor Philip Hammond recently committed to a series of new measures which are intended to strengthen financial ties in the region, including a fintech ‘bridge’ between the UK and China.