British fintechs promoted in new global partnership programme

Today sees the launch of a global partnerships programme designed to help international financial institutions access British fintech solutions.

Singapore, Australia and the US will be the first to benefit from the Leading Edge programme promoting UK-grown RPA and AI solutions, among other technologies.

In Singapore, DIT has agreed partnerships with the three major banks: DBS, OCBC and UOB.

Commenting on the development, DBS CEO, Piyush Gupta, said: “DBS is excited to work with Leading Edge, which offers us the opportunity to tap into the extensive range of capabilities of UK fintechs.

“This will further enhance our existing in-house programmes that not only engage, nurture and grow the startup community but through value exchange, create incremental value for our customers.”

The UK is home to around 1,600 fintech firms – a number which is expected to double by 2030. The sector was estimated to be worth £11bn in revenue in 2019, up from £6.6bn in 2015, and now accounts for around 8% of total financial services output.

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