UK government to organize international fintech conference in April

The government of United Kingdom will be organizing an international fintech conference in April that is aimed to attract more fintech players as well as investments into London’s fintech hub, Finextra reported.

The conference aims to bring together fintech companies, investors that include Sovereign Wealth funds, family offices, and angels. The conference will have a pitch session where leading startups from the community will showcase themselves in the exhibition space with their innovations.

Apart from the pitch session, the conference will also feature fireside chats, panels and workshops and other events.

“The government is determined that London stays at the cutting edge of financial innovation and that’s why we will host a new, annual fintech conference to boost capital investment in one of our fastest growing sectors. This will bring together hundreds of British fintech firms and investors from around the world and cement our position as the global fintech capital,” Simon Kirby, the Economic Secretary to the Treasury, said, as reported by Finextra.

According to Kirby, the government is hosting the conference in order to reassure investors that the UK remains a place to do business.

Although London’s fintech sector has boomed employing 61,000 people and generating billions of pounds in revenue in recent times, its fintech is falling behind other countries in terms of capital investment. The country saw £524 million investments in fintech when compared to £3.6 billion by California and £1.4 billion by New York, in the year 2015.