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<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>
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