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1142217

registered interest
date	25/07/2019
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services: Technology
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what steps his Department is taking to increase the level of support it provides to the FinTech sector in the UK.
tabling member constituency	St Albans
tabling member printed	Mrs Anne Main
uin	282253
answer	answer is ministerial correction date of answer 05/09/2019 answer text <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> answering member constituency Salisbury answering member printed John Glen question first answered 05/09/2019 10:00:44 answering member 4051 label Biography information for John Glen
tabling member	1568 label Biography information for Mrs Anne Main

1061161

registered interest
date	14/02/2019
answering body	Department for Business, Energy and Industrial Strategy
answering dept id	201
answering dept short name	Business, Energy and Industrial Strategy
answering dept sort name	Business, Energy and Industrial Strategy
hansard heading	Financial Services: Technology
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Business, Energy and Industrial Strategy, what steps his Department is taking to encourage small businesses to invest in and utilise FinTech.
tabling member constituency	Berwickshire, Roxburgh and Selkirk
tabling member printed	John Lamont
uin	221819
answer	answer is ministerial correction date of answer 22/02/2019 answer text <p>The UK has been independently ranked by EY and Deloitte as the world’s leading hub for Fintech. The ambitious Fintech Sector Strategy, launched in March 2018 by the Chancellor, sets out how the Government intends to maintain that position.</p><p> </p><p>This thriving Fintech community is an advantage for small UK businesses, who benefit from easy access to a range of services including foreign exchange, loans, equity investment and invoice finance. The British Business Bank’s annual Small Business Finance Markets report, published on 11 February, states that the value of peer-to-peer business lending rose a further 18% in 2018, having increased by 51% in 2017.</p><p> </p><p>The same report notes that awareness among small businesses is also increasing, with 52% aware of peer-to-peer lending as an option (2017: 47%) and 70% aware of equity crowdfunding (2017: 60%). The British Business Bank’s portal for small businesses, the Finance Hub, has extensive information for small businesses on finance options including those available through Fintech providers and how to access them.</p><p> </p> answering member constituency Kingswood answering member printed Chris Skidmore question first answered 22/02/2019 13:05:28 answering member 4021 label Biography information for Chris Skidmore
tabling member	4608 label Biography information for John Lamont

971557

registered interest
date	11/09/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services: Technology
house id	1
legislature	25259 pref label House of Commons
question text	What assessment he has made of the potential contribution of FinTech to the economy.
tabling member constituency	East Renfrewshire
tabling member printed	Paul Masterton
uin	906802
answer	answer is ministerial correction date of answer 11/09/2018 answer text Fintech contributes more than £6bn to the economy annually, employing 60,000 people across 1,600 companies. answering member constituency Salisbury answering member printed John Glen question first answered 11/09/2018 16:12:34 answering member 4051 label Biography information for John Glen
tabling member	4625 label Biography information for Paul Masterton

968258

registered interest
date	05/09/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services: Technology
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what the Government’s policy is on financial support for UK Fintech companies in the event of the UK leaving the EU without a deal.
tabling member constituency	Enfield North
tabling member printed	Joan Ryan
uin	170663
answer	answer is ministerial correction date of answer 13/09/2018 answer text <p>UK FinTech companies can have confidence that the government is committed to leaving the EU in a way that underpins prosperity and avoids unnecessary disruption and costly cliff edges for businesses. We and the UK regulators are taking the necessary steps to ensure that Financial Services firms are prepared for the unlikely event of the UK leaving the EU without a deal. While there are no plans to provide financial support for UK Fintech companies in this instance, they will continue to benefit from existing government programmes, including a 10-year action plan intended to unlock over £20 billion of investment to finance growth in innovative firms that was announced at Autumn Budget in 2017.</p> answering member constituency Salisbury answering member printed John Glen question first answered 13/09/2018 09:30:13 answering member 4051 label Biography information for John Glen
tabling member	166 label Biography information for Joan Ryan

873643

registered interest
date	28/03/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services: Technology
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what steps the Government is taking to encourage financial technology firms to relocate to the UK.
tabling member constituency	Windsor
tabling member printed	Adam Afriyie
uin	134757
answer	answer is ministerial correction date of answer 18/04/2018 answer text <p>The Government is committed to ensuring that the UK is the best place to start and grow a fintech business. The new Fintech Sector Strategy – launched by the Chancellor at the recent HM Treasury-organised International Fintech Conference – sets out the practical steps that have been, and will be, taken to support this commitment. For instance, the Strategy includes pilot schemes to help new fintech firms (and the financial services industry more widely) comply with regulations by building software which would automatically ensure they follow the rules, saving them time and money, and the creation of a set of industry standards which will enable fintech firms to more easily partner with existing banks.</p><p> </p><p>The Strategy is available at: <a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/692874/Fintech_Sector_Strategy_print.pdf" target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/692874/Fintech_Sector_Strategy_print.pdf</a></p> answering member constituency Salisbury answering member printed John Glen question first answered 18/04/2018 14:17:46 answering member 4051 label Biography information for John Glen
tabling member	1586 label Biography information for Adam Afriyie

873046

registered interest
date	27/03/2018
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Financial Services: Technology
house id	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what steps they are taking to ensure that the UK continues to be a global leader in the financial technology sector; and how they are attracting new firms to that sector.
tabling member printed	Lord Taylor of Warwick
uin	HL6725
answer	answer is ministerial correction date of answer 06/04/2018 answer text <p>The government is taking significant steps to ensure that the UK continues to be a global leader in financial technology.</p><p> </p><p>For example, Open Banking, launched in January through a managed roll-out, is a radical intervention, driven by government, that will allow consumers and SMEs to access a range of new and innovative products that better meet their needs by providing third party providers with secure access to their current accounts. Open Banking uses standardised Application Programming Interfaces (APIs), making it easier and cheaper for Fintech firms to deploy their products.</p><p> </p><p>The government has also recently launched a Fintech Sector Strategy, setting out the action the government has taken to make the UK the best place to grow a Fintech business, and further interventions in partnership with the regulators and industry to help maintain this position. For instance, the Strategy includes pilot schemes to help new fintech firms (and the financial services industry more widely) comply with regulations by building software which would automatically ensure they follow the rules, saving them time and money, and the creation of a set of industry standards which will enable fintech firms to more easily partner with existing banks.</p><p> </p> answering member printed Lord Bates question first answered 06/04/2018 11:42:37 answering member 1091 label Biography information for Lord Bates
tabling member	1796 label Biography information for Lord Taylor of Warwick

833804

registered interest
date	30/01/2018
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Financial Services: Technology
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what recent steps he has taken to promote financial technology.
tabling member constituency	Windsor
tabling member printed	Adam Afriyie
uin	125562
answer	answer is ministerial correction date of answer 07/02/2018 answer text <p>Fintech offers a significant opportunity for the financial sector, providing new jobs and delivering benefits to consumers through increased competition and innovation. It contributes £6.6bn annually to the UK economy, employing 60,000 people across 1,600 companies.</p><p> </p><p>The most recent step taken to promote the UK’s fintech industry, is the government’s second International Fintech Conference, due to be held on 22 March 2018. The conference will help showcase the UK fintech sector to investors from across the globe.</p><p> </p><p>The government is continuing to support alternative finance, through implementing proportionate, principles based regimes for peer-to-peer (P2P) and equity-based crowdfunding that balance consumer protection with allowing the sectors to grow and evolve; and various supportive tax measures.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 125567 125568 question first answered 07/02/2018 12:24:05 answering member 4051 label Biography information for John Glen
tabling member	1586 label Biography information for Adam Afriyie

833810

registered interest
date	30/01/2018
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Financial Services: Technology
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what recent assessment he has made of the contribution of financial technology to the UK’s financial sector.
tabling member constituency	Windsor
tabling member printed	Adam Afriyie
uin	125568
answer	answer is ministerial correction date of answer 07/02/2018 answer text <p>Fintech offers a significant opportunity for the financial sector, providing new jobs and delivering benefits to consumers through increased competition and innovation. It contributes £6.6bn annually to the UK economy, employing 60,000 people across 1,600 companies.</p><p> </p><p>The most recent step taken to promote the UK’s fintech industry, is the government’s second International Fintech Conference, due to be held on 22 March 2018. The conference will help showcase the UK fintech sector to investors from across the globe.</p><p> </p><p>The government is continuing to support alternative finance, through implementing proportionate, principles based regimes for peer-to-peer (P2P) and equity-based crowdfunding that balance consumer protection with allowing the sectors to grow and evolve; and various supportive tax measures.</p> answering member constituency Salisbury answering member printed John Glen grouped question UIN 125562 125567 question first answered 07/02/2018 12:24:05 answering member 4051 label Biography information for John Glen
tabling member	1586 label Biography information for Adam Afriyie

830146

registered interest
date	24/01/2018
answering body	HM Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	CaTreasury
hansard heading	Financial Services: Technology
house id	1
legislature	25259 pref label House of Commons
question text	To ask Mr Chancellor of the Exchequer, what role financial technology plays in promoting financial inclusion; and if he will make a statement.
tabling member constituency	Windsor
tabling member printed	Adam Afriyie
uin	124821
answer	answer is ministerial correction date of answer 31/01/2018 answer text <p>Financial technology plays an important role in promoting financial inclusion and capability. Banks and fintech firms use new technology to make it easy for consumers to save and invest money, receive better financial advice, and access cheaper, more appropriate loans and overdrafts.</p> answering member constituency Salisbury answering member printed John Glen question first answered 31/01/2018 14:51:08 answering member 4051 label Biography information for John Glen
tabling member	1586 label Biography information for Adam Afriyie

805282

registered interest
date	12/12/2017
answering body	Department for Exiting the European Union
answering dept id	203
answering dept short name	Exiting the European Union
answering dept sort name	Exiting the European Union
hansard heading	Financial Services: Technology
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Exiting the European Union, with reference to the Government publication, Ministerial meetings January to March 2017, if he will publish the attendees at the Fintech roundtable attended by Lord Bridges of Headley.
tabling member constituency	Hemsworth
tabling member printed	Jon Trickett
uin	118954
answer	answer is ministerial correction date of answer 21/12/2017 answer text <p>Details of ministerial and senior official meetings are published in the Department’s Quarterly Transparency Returns, which are made publicly available on<a href="http://gov.uk/" target="_blank"> GOV.UK</a>.</p> answering member constituency Wycombe answering member printed Mr Steve Baker grouped question UIN 118948 118951 118958 118972 118986 118993 119043 119051 119342 119349 119359 119369 119375 question first answered 21/12/2017 13:24:25 answering member 4064 label Biography information for Mr Steve Baker
tabling member	410 label Biography information for Jon Trickett