City of London Corporation to strengthen ties with Northern Ireland fintech

  • Policy Chair of the City of London Corporation, Catherine McGuinness, will this week [15th-18th October] visit Belfast and Derry/Londonderry to deepen the partnership with Northern Ireland.

    The visit is aimed at helping to harness the full potential of Northern Ireland’s growing fintech and regtech cluster and boost inward investment and innovation.

    Belfast was recognised, earlier this year, as one of the key centres for UK fintech and as an attractive destination for inward investment by the Government’s independent Kalifa Review. The wider province is also rich in the innovation and talent required to sustain a thriving financial and professional services sector.

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    The fintech sector will have a vital role in driving economic growth and supporting the UK’s strong sustainable recovery. Similarly, regulation technology (regtech), is an emerging sector with enormous potential to scale in the province, alongside established strengths like cyber security.

    During her visit, Catherine McGuinness will meet with local Belfast and Derry/Londonderry firms and policy leaders to identify ways Northern Ireland can capitalise on their success and use London as a launchpad for growth. 

    Northern Ireland is home to one of the largest hubs for financial and professional services in the UK, with 35,000 people employed in the sector, generating billions for the economy.

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    With the Belfast Region and Derry & Strabane City Deals being implemented and plans for a Belfast Innovation District and Smart District, the City Corporation will look at how it can collaborate more closely to support the promotion of the new opportunities being unlocked.

    Speaking about her visit, Policy Chair of the City of London Corporation, Catherine McGuinness, said: “Northern Ireland’s innovative financial services clusters and tech expertise have huge potential to drive growth and innovation that can benefit households and businesses and add to the overall strengths of the UK’s financial and related professional services proposition."

    The visit will also be used to promote the City of London Corporation’s Global UK campaign to position the UK as a world leading place to do business within financial and professional services, which places inclusion and sustainability at its centre.

    Source: Written from press release.

    About the author

    Aoife is a Sync NI writer with a previous background working in print, online and broadcast media. She has a keen interest in all things tech related. To connect with Aoife feel free to send her an email or connect on LinkedIn.

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