UK and India bolster FinTech partnership to strengthen market growth


A new report by the India-UK Financial Partnership (IUKFP) has released a report on how the UK and India can boost collaboration to accelerate FinTech growth.

The report provided recommendations to the regulators of both countries and governments to grow the FinTech sector in both countries.

According to AltFi, over the past 10 years, the UK and India have strengthened their partnership across financial services and FinTech.

The report outlined some key pieces of advice for policymakers and regulators in both markets, and applies regulations from the Kalifa review – including learning from the successes of each other and how to strengthen each other’s FinTech ecosystem.

Ron Kalifa said India is “not just one of the most promising fintech markets, but also a natural partner for the UK”.

Standard Chartered CEO and UK chair of the IUKFP Bill Winters said, “The UK and India are both world-leading fintech centres and make natural partners on financial innovation.

“There is much for us to learn from our respective successes and much to gain from our respective potential. We believe that if adopted, the recommendations set out in this report – which have been developed by businesses across the UK and India – will help to deepen and strengthen our collaboration and opportunities for growth in the future.”

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