How to support and help accelerate the next stage of UK FinTech scaling
In this episode, the focus is on how to continue to support and help accelerate the next stage of FinTech scaling.
In this episode, of the FinTech Insights podcast, Tom Groom, EY UK Financial Services Strategy and Transactions Leader and Simon Horner, Innovation Director, City of London Corporation join Vikram Kotecha to discuss how to continue to support and help accelerate the next stage of FinTech scaling.
The focus is on supporting the investment environment and raising greater awareness in education to support safe access to innovative services.
For your convenience, full text transcript of this podcast is also available. Read the transcript.
Presenters
Tom Groom
EY Global Client Service Partner
Vikram Kotecha
Associate Partner, Strategy and Transactions, Financial Services Strategy, Ernst & Young LLPPodcast
Episode 1
Duration 23m 50s
Key takeaways
- In light of COVID-19, there could be some transformational opportunities for FinTechs that are able to help streamline processes, eradicate costs, address points of friction or pain points for customers
- AI, machine learning and blockchain are all going to have a significant role to play, and the path to scaling these technologies will be important
- The role of government will be important to help drive adoption and awareness of new FinTech solutions
- FinTechs, financial incumbents and other market participants will need to work collectively to find solutions to address key concerns around data security and privacy that work holistically
