Fintech
Labour Party’s Victory and Its Impact on Fintech
July 08, 2024
Written by FinTech Alliance in Financial Technology
Labour’s victory in the 2024 UK election is expected to significantly impact the fintech sector. The new government plans to increase regulatory oversight and promote financial inclusion.
Key policies include improved data protection laws and incentives for fintech innovation. These measures aim to promote a safer and fairer financial landscape. The changes are expected to spur growth and attract investment, although increased regulation may pose challenges for some fintech companies.