Innovate Finance chief Charlotte Crosswell will represent the UK’s financial services, including fintechs and peer-to-peer lending, in post-Brexit trade talks.
International trade secretary Liz Truss has launched 11 trade advisory groups to support the nation’s trade negotiations with countries outside of the European Union.
Of these is a financial services group which Crosswell (pictured), chief executive of fintech trade body Innovate Finance, has been named a part of.
“It’s good to get the business voice at the table,” Crosswell told Peer2Peer Finance News.
“It’s testament to what’s happening in the sectors – fintechs are doing well and there’s opportunities for them too.
“P2P lending platforms have been successful like other sectors. It’s important we have that voice around the table. There’s broad financial services, whether P2P or other fintech, where trade deals, could potentially help.
“P2P lenders are starting to expand, and we can arrange for their insights and how they can contribute to the table in potential trade deals.”
Crosswell said one area that could feature in talks is that fintechs have relationships with EU countries that aren’t in place in other countries outside of the EU.
“There are a lot of sectors interested in operating in other countries and the fintech sector has international ambitions, but it can be challenging to operate in a market if the relationship is not there,” she said.
“It’s about building bridges. There are really interesting opportunities to look at on the regulatory and policy side and some of the markets being considered. I’m looking forward to contributing.”
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