{"id":59793,"date":"2015-07-30T11:13:40","date_gmt":"2015-07-30T11:13:40","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=35635fe97d67df7ad340643fd47f2ccf"},"modified":"2015-07-30T11:13:40","modified_gmt":"2015-07-30T11:13:40","slug":"press-release-pm-leads-the-charge-to-make-the-uk-a-global-financial-technology-hub","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=59793","title":{"rendered":"Press release: PM leads the charge to make the UK a global financial technology hub"},"content":{"rendered":"<div class=\"govspeak\">\n<p>As the UK strives to become the leading financial technology (<abbr title=\"Financial technology\">FinTech<\/abbr>) centre in the world, the Prime Minister embarked on a trade mission to south-east Asia, taking with him <abbr title=\"Financial technology\">FinTech<\/abbr> specialists from across the UK.<\/p>\n<p>Companies such as Blockchain, Pennies and Earthport were amongst the 31-strong delegation hoping to capitalise on the opportunities available in the fast-growing markets of Indonesia, Singapore, Vietnam and Malaysia.<\/p>\n<p>The Prime Minister\u2019s trade mission came as <abbr title=\"Financial technology\">FinTech<\/abbr> membership body Innovate Finance published its new manifesto: <a rel=\"external\" href=\"http:\/\/innovatefinance.com\/our-voice\/innovate-finance-manifesto-uk-2020\">Innovate Finance Manifesto: 2020.<\/a> This ambitious manifesto aims to increase the number of people working in UK <abbr title=\"Financial technology\">FinTech<\/abbr> by 100,000 by 2020 \u2013 almost doubling the 135,000 people that currently work in this sector.<\/p>\n<p>Prime Minister, David Cameron, said:<\/p>\n<blockquote>\n<p class=\"last-child\">This government wants the UK to be the leading <abbr title=\"Financial technology\">FinTech<\/abbr> centre in the world, that\u2019s why, at the Summer Budget, we appointed a special envoy for this fast growing sector. I\u2019m pleased that Innovate Finance\u2019s manifesto has set such ambitious goals including the creation of 100,000 jobs. This will ensure we are a world leader in the development of financial services technologies.<\/p>\n<\/blockquote>\n<p>While in Vietnam, the Prime Minister hosted a <abbr title=\"Financial technology\">FinTech<\/abbr> roundtable at the Ho Chi Minh City Stock Exchange (HOSE), bringing together UK companies with Vietnamese companies and financial institutions.<\/p>\n<p>With the UK <abbr title=\"Financial technology\">FinTech<\/abbr> sector generating \u00a320 billion in revenue last year, this is a market with real opportunity for growth.<\/p>\n<p>In its quest to become the leading <abbr title=\"Financial technology\">FinTech<\/abbr> centre, at the Summer Budget the government appointed Eileen Burbridge as the UK\u2019s <abbr title=\"Financial technology\">FinTech<\/abbr> Special Envoy. It also announced that it will undertake a <abbr title=\"Financial technology\">FinTech<\/abbr> benchmarking exercise in the autumn to help identify barriers to the development of the sector in the UK.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>On a trade mission to south-east Asia, David Cameron is promoting the UK&#8217;s quest to become the leading FinTech centre in the world.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/59793"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=59793"}],"version-history":[{"count":0,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/59793\/revisions"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=59793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=59793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=59793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}