Fintechs urged to contribute to survey to help shape UK strategy
UK FINTECH firms have been asked to take part in an online census to help the Treasury develop its strategy for the sector.
Accountancy firm EY and fintech trade body Innovate Finance are calling on fintech firms to contribute to the online survey, which takes about 10 minutes to complete.
The last census took place in 2017 and gave policymakers some insight into the shape and size of the fintech sector, EY said.
Read more: UK fintech investment hits record level
“Data from the 2017 census was extremely useful in supporting the development of HM Treasury’s UK fintech strategy,” said Tom Bull, UK head of fintech at EY.
“We’d like even more fintechs to take part this year and complete the survey before the 8 March deadline.
“Given the changes in technology, investment in the sector and the possible impact of Brexit, the census will be invaluable in helping the sector as a whole, as well as international investors and domestic policymakers.”
Read more: MPs to explore fintech opportunities in review of financial services post-Brexit
The deadline to complete the survey is Friday 8 March 2019.
Investment in UK fintech reached a record high of $20.7bn (£16bn) in 2018, according to KPMG’s biannual Pulse of Fintech report.
However, the report noted a lower number of deals and a slowdown in the second half of the year, amid concerns that Brexit will stymie the sector’s growth.