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<p>The UK has been independently ranked as the best place in the world to start and
grow a Fintech firm, and the government is committed to maintaining the UK’s leading
edge in the sector. That is why the government has delivered against all of the commitments
made in the Fintech Sector Strategy, which was launched last year.</p><p> </p><p>The
government announced at Mansion House 2019 that HM Treasury would launch a review
into the payments landscape, which looks to ensure that regulation and infrastructure
is able to keep pace with new payments models. The government also announced that
it would explore building on the success of Open Banking by developing an agenda for
‘Open Finance’, looking at ways to safely and securely share data across a wider range
of financial services products. This will further revolutionise the sector and increase
the ability of Fintech firms to compete with traditional financial services firms.</p>
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