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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

805371

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 his Department's publication Ministerial Meetings: January to March 2017, if he will publish the names of the attendees at the Fintech Roundtable attended by Robin Walker MP.
tabling member constituency	Hemsworth
tabling member printed	Jon Trickett
uin	119043
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 118954 118958 118972 118986 118993 119051 119342 119349 119359 119369 119375 question first answered 21/12/2017 13:24:26 answering member 4064 label Biography information for Mr Steve Baker
tabling member	410 label Biography information for Jon Trickett

778761

registered interest
date	27/10/2017
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 his Department has made of the benefits of FinTech to the UK economy.
tabling member constituency	Islwyn
tabling member printed	Chris Evans
uin	110112
answer	answer is ministerial correction date of answer 06/11/2017 answer text <p>Fintech offers a significant growth opportunity for the UK economy, providing new jobs, and delivering benefits to consumers through increased competition and innovation in financial services.</p><p> </p><p>The Fintech sector contributes £6.6bn annually to the economy, employing 60,000 people across 1,600 companies.</p><p> </p><p>The government’s ambition is for the UK to consolidate its world-leading position in FinTech and to become the leading global hub for financial innovation. In recent months I have held a roundtable with FinTech firms to discuss how to maximise opportunities for the sector and recently met the regional FinTech envoy to Scotland to discuss the benefits FinTech can offer across the UK.</p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay question first answered 06/11/2017 11:54:49 answering member 4095 label Biography information for Steve Barclay
tabling member	4040 label Biography information for Chris Evans

778762

registered interest
date	27/10/2017
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, to which countries he has made representations in respect of building FinTech bridges.
tabling member constituency	Islwyn
tabling member printed	Chris Evans
uin	110116
answer	answer is ministerial correction date of answer 03/11/2017 answer text <p>FinTech, including opportunities for collaboration in this area, forms a key part of the UK’s bilateral financial services discussions. The UK currently has four FinTech Bridges – with Singapore, the Republic of Korea, China, and Hong Kong.</p><p> </p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay question first answered 03/11/2017 12:48:48 answering member 4095 label Biography information for Steve Barclay
tabling member	4040 label Biography information for Chris Evans

747151

registered interest
date	30/06/2017
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 steps the Government is taking to (a) promote and (b) ensure adequate regulation of blockchain technology in the financial sector.
tabling member constituency	Newcastle upon Tyne Central
tabling member printed	Chi Onwurah
uin	2272
answer	answer is ministerial correction date of answer 07/07/2017 answer text <p>The government’s ambition is for the UK to consolidate its world-leading position in FinTech and to become the leading global hub for financial innovation. We have taken, and will continue to take, key policy steps to achieve this.</p><p> </p><p> </p><p>Blockchain technology could offer significant benefits across the economy, including in Financial Services. Accordingly, the Industry is assessing the potential benefits of blockchain and whether regulation is a barrier to innovation.</p><p> </p><p> </p><p>The government’s most direct interface with the FinTech industry is the Financial Conduct Authority (FCA), through its world-leading Innovation Hub to help innovative businesses that are looking to introduce ground-breaking products or services to financial services, a model being replicated around the world.</p><p> </p><p> </p><p>On 10 April, the FCA launched a discussion paper to gauge industry’s views on the future development of blockchain – and potential barriers to this - which closes in 17 July 2017. In addition, the FCA is continuing to learn from blockchain use cases being tested in its Regulatory Sandbox.</p><p> </p><p> </p><p>The government looks forward to hearing the outcome of the FCA’s work, and will act to remove identified barriers to the adoption of blockchain, or address identified risks, subject to wider objectives including financial stability and consumer protection.</p><p> </p> answering member constituency North East Cambridgeshire answering member printed Stephen Barclay grouped question UIN 2190 question first answered 07/07/2017 10:39:04 answering member 4095 label Biography information for Steve Barclay
tabling member	4124 label Biography information for Chi Onwurah