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<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>
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