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Innovate Finance Global Summit kicks off UK Fintech Week

UK Fintech Week

Leaders in the UK’s fintech industry are gathering in London’s iconic Guildhall for day 2 of the Innovate Finance Global Summit.

The event kicked off UK Fintech Week which, over the course of this week, will showcase the success of the fintech sector across the UK, which has gone from strength to strength in recent years. Investment in fintechs tripled to $11.6 billion in 2021 and fintechs have already raised £3.3bn in 2022, suggesting we are on course for another record-breaking year. This figure doesn’t include the billions that traditional financial services firms and tech giants are spending on apps and new technology to keep up with the fast-moving fintechs and how things have historically been done. As always in fintech, there is much to discuss. Here are four themes we expect will dominate conversations:

  • Fintech as a force for good is sure to grab a few headlines as the world faces down three global crises. As Innovate Finance CEO, Janine Hirt shared in this excellent article in City AM, war has returned to European soil, people are battling a cost of living crisis and we are on the brink of a climate change catastrophe. Janine writes: ‘The future of financial services, and our economy, will be defined by these crises and how we respond.’
  • Building on the UK’s success at attracting fintechs and investment is likely to be a key theme throughout the week. We can expect conversations around competing with other fintech hubs, improving late-stage funding and making the UK a more attractive place to IPO and spreading investment around the country.
  • Diversity, or lack thereof, will also be at the top of the agenda. Seed stage companies in the UK technology industry have 15% representation in the workforce of ethnic minorities and other underrepresented communities and this falls to 9% at more established firms, according to Tech Nation. Furthermore, around 9% of UK capital goes to female fintech founders, and just 3% of venture capital funding goes to all-female teams. Entrepreneurs from Black, South Asian, East Asian and Middle Eastern backgrounds receive in total 1.7% of VC investment.
  • Another important topic will be ESG which is top of mind for many fintech firms as well as investors and customers. A PwC report found that 83% of consumers think companies should be actively shaping ESG best practices and 86% of employees prefer to support or work for companies that care about the same issues they do. However, it’s important that fintechs tread the fine line between green and greenwashing. Read our blog on avoiding greenwashing here.

UK Fintech Week is taking place at a critical juncture for the industry. After much investment and success, it’s important we don’t rest on our laurels and continue to innovate, while at the same time retaining a strong social purpose to help those who most need it during these difficult times.


Chatsworth was the first communications agency to focus on fintech. We’ve been building fintech reputations for 20 years, steering start-ups through launchgrowth and onto corporate action, and protecting and enhancing established infrastructures. Looking for intelligent, informed and connected fintech PR which delivers results and value? Get in touch and let us help build your reputation and tell your story

Two years in the making: NI’s first Fintech Symposium

After securing the opportunity to host it two years ago, on Wednesday 23rd March NI’s fintech community came together for the first ever NI Fintech Symposium in Belfast.

Hosted by Fintech NI, the symposium followed the launch of the NI FinTech Sector Strategy which revealed that fintech now contributes £392 million to the economy and has the potential to create thousands more jobs over the next few years.

This optimism was reflected in the room by the audience and speakers which included representatives from large organisations including Deloitte and A&L Goodbody, accelerators and investors such as Catalyst and Techstart Ventures and from other regional FinTech clusters including FinTech Scotland, FinTech North and SuperTech West Midlands.

One of the major talking points among the regional fintech cluster speakers was the Kalifa Review, which recently celebrated its first anniversary. Broadly, the views were that it has helped raise the profile of regional Fintech hubs globally and fintech investment is starting to spread around the UK. There is clearly work still to do, but most agreed it was a positive step in the right direction.

Andrew Jenkins, the Fintech Envoy for NI, discussed the opportunity and challenges for local fintechs. In his view, more needs to be done to connect startups with FDIs and incumbents, and funding networks need strengthened. He called for SMEs to collaborate, work with academia and engage with other fintech clusters to share knowledge and experience.

Karen Bradbury, Financial Services Sector Lead at Invest NI, spoke about why NI is an attractive place to set up a fintech. Nearly half the population is aged between 16-44 and while it has a smaller population than other regions, this can be to its advantage as it can be more agile. There is a deep talent pool too, with financial services employing 40,000 people, 7,000 of which are currently working in fintech.

On the investment side, Ryan McAnlis, Investment Director at Techstart Ventures, shared tips on how founders can navigate investment in fintech. He said there were no hard and fast rules when it comes to fundraising but emphasised the importance of testing any assumptions about customer base, the problem you’re trying to solve, your solution, how much money you need, and pivoting accordingly.

McAnlis was followed by Steve Orr, Chief Executive at Catalyst, who laid out why NI can be one of the top three hubs in the world for RegTech and how it could become a global Centre for Secure Intelligent Regulatory Technologies – GSIRT. With £160m, GSIRT could create up to 16,500 jobs and £931m in GVA in the next decade – definitely worth watching this space.

The closing panel on NI’s fintech opportunity featured Roisin Finnegan, Head of Ventures at Deloitte, Carol Rossborough, Co-Founder of ESTHER, Chris Jessup, Finance Partner at A&L Goodbody, Daniel Broby, Professor in Fintech at Ulster University and Bo Brustkern, Co-Founder and CEO of Fintech Nexus.

The panel covered a lot of different issues including how we grow and nurture talent, how improvements in remote working opened doors to new markets for entrepreneurs and how NI can overcome challenges to continue growing the local fintech sector.

From conversations we had at today’s event with firms such as AuditComply and Datactics, and from listening to insights from the speakers, it’s clear there is a lot of energy and support behind NI’s fintech sector. We now need to turn this energy into action in order to cement NI’s place as an attractive place to set up and run a fintech business.


Chatsworth Communications recently opened a Belfast office to tap into the city’s thriving fintech scene and deep pool of talent. Find out more here.

Chatsworth was the first communications agency to focus on fintech.

We’ve been building fintech reputations for 20 years, steering start-ups through launchgrowth and onto corporate action, and protecting and enhancing established infrastructures

Looking for intelligent, informed and connected fintech PR which delivers results and value? 

Get in touch and let us help build your reputation and tell your story.