UK eyes further fintech alliances

  • By Christine St Anne

While our teams have battled it out on the pitch for the Ashes, we are stronger together when it comes to business, London’s Lord Mayor said as the UK continues strengthen its partnerships with Australian fintechs, 

The Lord Mayor of London Peter Estlin touched down in Australia this week seeking further opportunities for collaboration in fintech as well as green finance. 

With him includes a delegation of fintechs and those involved in green finance including representatives form Octopus Ventures; Cube; Aberdeen Standard; Smart; iProove; FundApps; Barings and Janus Henderson Investors. 

The initiative is part of the UK-Australia Fintech Bridge – a collaboration that includes the support of regulators ASIC and UK’s Financial Conduct Authority. 

His plans include meetings with government as well as discussions with industry superannuation fund   Australian Super and Macquarie Bank. 

“The UK’s relationship with Australia is already very strong, but there is still so much more that we can achieve,” Estlin said.  

“For example, our unrivalled fintech and green finance expertise can help remove barriers to international investment and business, creating jobs and prosperity and unlocking opportunity.” 

In fact, in 2018, the UK was Australia’s second-largest source of foreign investment and second-largest foreign investment destination. 

It also seems that activity under the UK-Australia Fintech Bridge continues apace despite Brexit. 

For example, the Department for International Trade in partnership with Fintech Australia are leading a delegation of 10 Australian fintechs to the UK in September for the Sibos and Lendit conferences 

In October, the department’s a UK Fintech Bridge cohort will also be visiting Australia for Fintech Australia’s Intersekt conference in Melbourne.