Innovation has never been so critical for financial services. The increased demand for digitisation, combined with the continued squeeze on capital, has meant financial institutions are under pressure to deliver better services for customers through more efficient, digital operations.

Key to this will be collaboration with fintechs, which is also vital for the next stage of fintech development in order to continue to scale and deliver growth through the mass of customers that established institutions can provide.

As the appetite for fintech collaboration increases, the UK is well-placed to lead the way in transforming the future of finance through partnerships – combining a leading international financial centre, a global fintech hub supporting and inspiring great talent and innovation, and the Fintech Pledge - demonstrating a strong commitment to working together in an efficient and effective manner.

Tech Nation’s Fintech Delivery Panel and EY have worked together to undertake in-depth research and facilitate wide-ranging input from across the fintech ecosystem:

• to celebrate and learn from successful partnerships
• to explore the impact of the Fintech Pledge
• to identify ongoing barriers to productive collaborations
• to look ahead to the next phase of fintechs and financial institutions working together

Ultimately, we hope this will drive further sustainable innovation that in turn drives more choice, competition and helps UK fintech and financial services thrive.

To find out more download the report and re-watch the Fintech Partnerships Summit.

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