FinTech Fortnight 2017 – Event tomorrow
FinTech Fortnight, taking place between 6 and 19 February this year, is a brand new two week event to celebrate and raise awareness of the fast-growing ‘FinTech’ industry.
Described as ‘the R&D function of financial services in the digital age’, FinTech employs 60,000 people in the UK and generated £6.6 billion in revenue last year. The industry varies from small tech start-ups to more major players, and their work is impacting a variety of financial transactions. If you have ever made mobile payments or money transfers, received a loan, or fundraised, the chances are that FinTech has helped you do it. FinTech is even making its mark on asset management.
Although ‘FinTech’ originally referred to computer technology applied to the back office of banks of trading firms, it now describes a broad variety of technological interventions into personal and commercial finance.
As explained by Philippa Kelly, ICAEW Financial Services Assurance Manager, “It feels like everyone is talking about fintech, but knowing how it could benefit you and your business, and the potential risks involved, takes time to understand.”
Current partners of the event include: Nationwide Building Society, Pension Bee, ICAEW Chartered Accountants; and British peer-to-peer lending company RateSetter.
An event hosted by Georgie Frost will see a panel of Fintech experts looking at the future of FinTech and its effect on businesses and consumers; this will take place tomorrow (16 February) between 10 – 12pm.
For updates on the event, follow @FintechFort on Twitter.