Britain and Singapore to deepen fintech collaboration
- Country:
- United Kingdom
Britain and Singapore have signed a deal to try to break down trade barriers in the fintech sector by opening new regular talks between regulators and businesses, the UK's Treasury department said on Friday.
The new memorandum of understanding will support continued growth, investment and innovation, the government said in a statement, adding that it would build on a financial services partnership
between the two countries announced last year. "The UK and Singapore are among the world's leading jurisdictions for fintech investment – and today’s announcement will only accelerate growth and innovation in our respective sectors," City Minister Andrew Griffith said.
The British government, which has been striving to preserve London's status as a global financial hub following Brexit, said the MoU would also increase sharing of information on emerging trends in the fintech sector.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
ALSO READ
FACTBOX-The health of Britain's King Charles: sporting accidents to cancer diagnosis
**Russian Agent Charged with Arson Plot against Ukrainian Business in Britain**
Buckingham Palace says Britain's King Charles III will resume his public duties next week after cancer treatment, reports AP.
Investopia 2024 emphasises importance of driving new economy projects in AI, fintech, healthcare, environment
Harnessing Fintech's Potential: Collaboration Key Between Regulators, Public, and Private Sectors