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George Osborne launches Innovate Finance trade body at Canary Wharf

Sam Shead | Aug. 7, 2014
Chancellor George Osborne today launched a financial technology trade body in Canary Wharf called Innovate Finance.

"High-speed broadband is a critical part of the start-up culture," he said. "We are keen to work with Innovate Finance to bring this to London."

The event was attended by 250 people from the fintech community, financial services industry, government and media.

The launch of the organisation coincides with a report out today from UK Trade and Investment and accountancy group Ernst & Young, which sets out the strengths of the UK's fintech sector and the market opportunities for fintech companies.

Sue Langley, CEO of the UKTI Financial Services Organisation. said: "The UK is fast becoming the destination of choice for any fintech company. The UK government is committed to supporting fintech companies. The new publication articulates the UK's unique market opportunity making it clear why any fintech company should set up in the UK."


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