Law firm Slaughter and May selects five businesses for Fintech Fast Forward program

Leading international law firm Slaughter and May has announced the names of five successful tech businesses that were selected to join its Fintech Fast Forward program.

The five selected businesses operate in fintech, regtech, insurtech and cyber security and are the first cohort to formally join the legal incubation program that was announced in October 2016. The businesses that are selected to join fintech entrepreneurs program include Enforcd that uses technology to aid regulatory compliance, Tide, a banking service for small businesses, cyber security firm Garrison,  car insurance provider Just Miles and online payment service WorldRemit.

“We are absolutely delighted to welcome Enforcd, Tide, Garrison, Just Miles and WorldRemit to Fintech Fast Forward,” Rob Sumroy, a partner at Slaughter and May, stated. “The quality of applications we received highlights the creativity, diversity and underlying strength of the UK’s thriving SME technology sector. We would like to thank everyone who applied to join the program.”

The Fintech Fast Forward program saw application from over 25 businesses, among which Slaughter and May will offer selected five businesses up to £30,000 of value add services.

A review and consultative panel comprising top-notch leading legal and industry professionals are supporting the fintech program. The panel includes Mike Lynch, CEO of Invoke Capital; Trevor Callaghan, General Counsel of DeepMind Technologies; Sigga Sigurdardottir, Chief Customer and Innovation Officer UK at Santander; Peter Cullum, CBE, founder of the Peter Cullum Centre for Entrepreneurship at Cass Business School; among others.

“A surge of interest in areas such as fintech, blockchain, machine learning and data analytics has spawned opportunities for the firm both to acquire exciting new clients and to help existing clients capitalize on the benefits of technology advances. The Fintech Fast Forward programme recognizes the depth of talent which exists in the UK’s entrepreneur population and the great response to this initiative, from such a diverse range of tech businesses, has reaffirmed my belief that the UK tech sector is robust and in good shape for the future,” Ben Kingsley, partner at Slaughter and May, added.