Tech Nation has announced the launch of the Fintech Pledge with support from HM Treasury today. The Fintech Pledge aims to help Fintech startups access funds to help improve growth and development by promoting collaboration between banks and leading Fintech firms.
Five major banks - Barclays, HSBC, Lloyds Banking Group, NatWest Group and Santander have all signed the voluntary pledge.
John Glen, Economic Secretary to the Treasury said: “The UK is already the best place in the world to start and grow a fintech, and we’re committed to that remaining the case as our economy bounces back. So, I welcome the Fintech Pledge from some of our leading banks and look forward to more firms becoming signatories.”
Some of the UK's biggest banks have signed a government-backed pledge to improve collaboration with fintech firms.