Innovate Finance in transatlantic tie-up
Written by Michelle Stevens
UK FinTech association Innovate Finance has announced a strategic partnership with the transatlantic group BritishAmerican Business.
The organisations said that they would work together to champion FinTech firms and help businesses and ecosystems connect across the Atlantic. The collaboration aims to forge closer FinTech ties between New York and London – making it easier for companies to expand their operations from the world’s two biggest financial hubs and leading global cities for FinTech.
The initiative will see the launch of an annual FinTech event in New York for members of both associations, and the creation of the world’s first transatlantic advanced FinTech course between two top universities in the US and the UK, which will be announced in early 2016.
Alastair Lukies, chairman of Innovate Finance, explained: “As the next wave of innovation in financial services begins to evolve, we are seeing London and New York emerge as the epicentres of collaboration between the incumbents and disruptors, between regulators and innovators, and investors and entrepreneurs. The partnership with BritishAmerican Business provides an ideal platform for both organisations to continue to champion the global agenda for the FinTech ecosystem, and to maximise benefits to their respective members on both sides of the Atlantic.”
Jeffries Briginshaw, chief executive of BritishAmerican Business, added: “We are delighted to partner with Innovate Finance to bridge our memberships in the US and UK along the axis of FinTech. The pace of innovation in this sector is rapid, and we aim to be out in front as we agree the collaborations that will drive an exciting joint programme for 2016 and beyond – initially focused in New York. Our ability to provide information, access and influence among our members and policymakers will be significantly enhanced by this co-operation.”