The UK is fast becoming one of the world’s leading FinTech centres with innovation and growth in data analytics, payment models, mobile payments and alternative funding mechanisms being just some of them.

This year we saw the government reinforce the growing importance of FinTech with the appointment of a special envoy, Eileen Burbidge (now also chair of Tech City UK), charged with promoting and encouraging investment in London’s booming industry. The public sector is one area of payments that is innovating in this space and where the benefits of FinTech can be leveraged for the benefit of both Government and the citizen.

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