ACCA (the Association of Chartered Certified Accountants) and Innovate Finance, the industry body that represents the UK FinTech sector, reach agreement to connect their networks and collaborate on knowledge sharing, policy and insights.
The collaboration between ACCA and Innovate Finance will bring together their natural synergies and will provide a platform for UK FinTech leaders to share information about their products and services with UK and international stakeholders, including those within ACCA’s community.
ACCA is building an international online community of its members directly connected to Fintech to build a greater awareness of FinTech and drive the involvement of accountancy and finance professionals in this sector.
Innovate Finance is the industry body representing the global UK FinTech community. Their membership ranges from seed stage start-ups to high growth FinTechs, global financial institutions to investors, and from professional services firms to international FinTech hubs. By bringing together and connecting the most forward-thinking participants in financial services, Innovate Finance is helping create a global financial services sector that is more transparent, more sustainable and more inclusive.
Lloyd Powell, Head of ACCA Cymru/Wales, says: ‘Fintech builds sustainable economies, with a powerful reputation for propelling innovation. Accountancy and finance professionals are increasingly working in Fintech or using its many applications. And so this new agreement with Innovate Finance will help our global members stay ahead of the Fintech curve. We’re delighted that our two communities are connecting to learn from and leverage each other’s expertise.’
Janine Hirt, CEO of Innovate Finance, comments: ‘We are delighted to collaborate with ACCA and advance our conversation on innovation and sustainability. The UK boasts a world-leading FinTech sector seen by peers as the global benchmark for innovation and transformation in financial services. As an ecosystem, it is crucial that we continue setting global standards on sustainability and ESG, financial inclusion and financial wellness. Partnerships like this one with ACCA will facilitate this forward momentum and progress. We will also be discussing these important issues at our ‘FinTech as a Force For Good’ summit in October.’
The agreement follows research from ACCA and its strategic alliance partner Chartered Accountants ANZ, Fintech state-of-play: opportunities for finance professionals, which shows that accountancy and finance professionals are needed ‘more than ever’ to enable maximum value from Fintech while keeping it safe and inclusive.
The report can be downloaded here: https://www.accaglobal.com/uk/en/professional-insights/technology/fintech-state-of-play.html