金融科技的进步愿景

Authors Luke KoskyFintech Policy LeadStartup Coalition Charlie MercerDeputy Policy Director Jeegar KakkadDirector, Government InnovationTony Blair Institute for Global Change AboutStartup Coalition Startup Coalition, formerly the Coalition for a Digital Economy (Coadec), is an independent advocacygroup that serves as the policy voice for Britain’s technology-led startups and scaleups. Startup Coalitionwas founded in 2010 by Mike Butcher, Editor-at-Large of technology news publisher TechCrunch, andJeff Lynn, Chairman and Co-Founder of online investment platform Seedrs. Startup Coalition worksacross a broad range of policy areas that matter the most to startups and scaleups: access to talent,access to finance and regulation. We have over 3,500 firms on our mailing list and interact with hundreds Aboutthe Tony Blair Institute for Global The Tony Blair Institute for Global Change (TBI) works with political leaders around the world to drivechange. It is a not-for-profit organisation that provides expert advice on strategy, policy and delivery,unlocking the power of technology across all three. Its mission is to support leaders to build more open,inclusive and prosperous countries for people everywhere. TBI provides expertise in several sectors, Acknowledgements We are grateful to the firms that participated in the roundtable discussions that helped to produce this ExecutiveSummary As we look towards a General Election, it is critical that all parties understand the role of financialservices as an important tool in supporting growth and unlocking barriers to opportunity across the UK. InDecember 2022, the Labour Party launchedStart-Up, Scale-Up: Making Britain the best place to start and grow a business, setting out how a Labour government would support UK entrepreneurs of allkinds.1Then, in January 2024, the Party released itsFinancing Growth–Labour’s plan for FinancialServicesreport, outlining the Party’s plans for the financial services sector.2Sitting between these two Wherethe plans published so far laid the foundations,this report adds detail,probes where aprogressive vision for fintech could go further, and outlines specific steps that the next government Firstly, fintechs can fuel economic growth – both through the continued growth of the fintech industryitself, and by enabling innovation and efficiencies across the wider economy. In order for it to do so, wemust get the basics right and ensure the UK is one of the best places in the world to start and scale afintech startup. This means optimising foundational innovation incentives for fintechs across their growth Secondly, fintechs break down barriers to opportunity. From increasing the returns for savers andpension holders to reducing costs for small businesses, financial innovation is increasing equity andopportunity for people up and down the UK. To maximise the potential of fintech to break down these Thirdly, a major opportunity that represents both a significant growth sector and an enabler of opportunityfor consumers and businesses alike is Open Finance. The final section of this report outlines how,through building on the success of the £4bn Open Banking ecosystem in the UK, the next government Financialinnovation and technology represent powerful tools for a progressive,mission-drivengovernment – tools that were far more nascent fourteen years ago. Harnessed to its full potential, fintech Introduction In 2024 a General Election could mean the first Labour government in fourteen years. As part of settingout an ambitious agenda for growth against the context of tight fiscal headroom, Keir Starmer andRachel Reeves will look to creative ways of cultivating enterprise and growth across the economy, andhave committed to taking action to make the UK the best place in the world to start and scale an In2010,in a world reeling from the Global Financial Crisis, the first green shoots of the fintechecosystem emerged. Fourteen years later, fintech is one of the UK’s most valuable and best funded startup sectors, raising nearly $40bn over the last five years alone, and employing thousands of peopleacross the country.3 Ranked as a percentage of GDP, UK investment in fintech is second only to Fundamentally, these innovative firms are built on the solid foundations of the UK’s world leadingfinancial services sector, which incubates talent, knowledge, opportunity, and commercial partnerships –all vital ingredients for a successful startup sector. However, fintech can also be an enabler of growth, As the cutting edge of financial services innovation, fintech fills the gaps left by incumbent financialservicesproviders.As a prominent example,many features now universal across banking appsoriginated in the challenger banks. Fintechs are also at the vanguard in utilising new technologies like ●Consumer credit fintech Infact exists to enrich credit scores to bring finance to some of the fivemillion thin-file credit file UK citizens●Bloom Money e