The Department for Business and Trade (DBT) has embarked on a four-day trade mission to Las Vegas to strengthen ties and facilitate trade deals between UK and US fintechs.
The delegation, consisting of DBT representatives and eight finance and technology companies including Datactics, Credas and LoyalBe, is gathering at the Fintech Meetup at the Venetian in Las Vegas to meet US counterparts to discuss industry challenges, best practices, investment opportunities and strategic partnerships.
Between the 10th and 13th of March, the delegation will attend meetings organised by DBT, networking sessions, panels and speeches, all with the aim of furthering US and UK finance and technology innovation.
The Department for Business and Trade reported that in 2023, the UK exported a record £40 billion in financial services to the US.
Speaking from the delegation, Stuart Harvey, CEO of Datactics, said: “International trade meetings are invaluable to strengthening the UK’s position as a global financial services and technology, and the Department for Business and Trade has made this a fantastic opportunity to build relationships with our US counterparts.”
“Data is vital to the future of financial services, building a foundation of data quality and governance upon which banking, payments services and insurance operate. Without significant investment in data infrastructure, financial institutions are at risk of siloed information, unaware of where sensitive financial details are and unable to utilise this data effectively.”
“Over the coming days, we are hoping to meet with innovative US counterparts, exploring the potential of data in financial services with strategic partners and investment teams.”
Beyond the trade mission, Fintech Meetup is featuring a series of panels and speaking sessions by leading industry figures from the likes of HSBC, J.P. Morgan and Citi, road mapping the future of financial services and technology and exploring the intersection of innovation in two growing industries.