Global law firm White & Case LLP is announced as a Principal Partner of FinTech Alliance, a digital platform to unite the UK and global financial technology sector backed by the UK Government.
"Technology is having a transformative impact on every aspect of the global financial services industry, nowhere more evident than here in the UK," said White & Case partner Guy Potel. "The UK is also ideally positioned to act as a global hub for the best quality capital, ideas, talent and policy support. FinTech Alliance will drive broad engagement and collaboration across the full spectrum of innovators, regulators, financiers and financial institutions, to accelerate change."
White & Case has a track record of working with technology and financial services firms on some of their most complex fintech related transactions, advising clients on assessing and overcoming commercial, legal and regulatory risks worldwide. The Firm recently advised SoftBank Vision Fund on its investment in OakNorth in a deal that valued the British unicorn at around $2.8 billion.
Melissa Butler, White & Case Office Executive Partner in London, said: "White & Case is a law firm with a heritage of supporting financial services innovators across the world and our partnership with FinTech Alliance aligns naturally with our position as a leading global adviser to financial institutions."
Announced by Her Majesty's Treasury, and in partnership with the Department of International Trade, the FinTech Alliance platform is built on providing opportunity and education to those working in the sector. By building a profile as an individual or a company, users will be able to access and share insight and news across the platform, connect with investors, receive updates on the latest policy and regulatory changes, and find the talent they need in order to scale. The platform will also open up international opportunities, helping UK firms to expand onto the global stage.
FinTech Alliance will be chaired by Alastair Lukies CBE, who sits on the Prime Minister's Business Council, and David Duffy, CEO of CYBG plc and HM Treasury's FinTech envoy for England, will act as an Ambassador. It was announced by the Rt Hon Philip Hammond MP, Chancellor of the Exchequer, at the Innovate Finance Global Summit at the Guildhall in London.
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