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News and Insight - Wharf Life: Fintech for Good

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This month we hosted our long-term industry partner, Innovate Finance, for their Fintech as a Force for Good Forum in Canary Wharf. For those of you that read this column, you’ll know that Level39 is a community of fintech entrepreneurs and technology businesses in One Canada Square, with an aim of convening and connecting thought leaders, decision makers, investors, and other stakeholders to help guide and assist our members on their growth journey. And this Forum enabled just that.

The day welcomed over 400 attendees at East Wintergarden. The agenda focussed on the role of fintech innovations in helping to tackle one of the biggest socio-economic challenges facing the world today – the cost-of-living crisis. We were joined by speakers from the FCA, Visa, Lloyds Banking Group, Evelyn Partners, as well as fintechs including Manigo, Zilch, Truelayer, Zopa, and Clear Score, all discussing the need for our financial services industry to innovate and better serve the consumer – enabling greater access to better products at a lower cost, for everyone.

I chaired a discussion on the power of industry partnerships, and their role in developing fintech for good. I was joined by speakers from SWIFT, Leeds Building Society, Aquis Exchange, and Liberis – all who were laser focussed on the need for collaboration between fintechs, traditional institutions and corporates to create solutions that solved real problems for their customers. Our conversation included the need to help more first-time buyers into home ownership, as well as the provision of accessible and responsible finance. Competition, alongside collaboration, was also highlighted as a requirement to drive innovation and create a market for the future.

I would like to end on a comment which really resonated with me on how to truly develop fintech for good – “To go forward, we must go together”.

To learn more about Innovate Finance and upcoming events, see www.innovatefinance.com

And to learn more about Level39, see www.level39.co