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Banks lend support to fintechs

Many of the world’s leading banks and start-ups are getting behind Fintechs in this country to keep Britain ahead in the high-flying and innovative sectors, post Brexit.

Putting their weight behind the industry, estimated to be worth billions per year to the economy and growing, top banking executives indicated the importance of it to the wider banking sector.

"Startups give the opportunity for incumbents to regain the trust that was lost through the financial crisis," says Lloyds global head of technology, media and telecoms James Schofield."By working together, we will resolve today’s significant social and economic challenges.