TheCityUK, Toronto Finance International sign MoU to support FinTech growth

TheCityUK and Toronto Finance International, two bodies supporting the development of financial technology services, have renewed their Memorandum of Understanding (MoU).

The agreement supports the access and cooperation between the UK and Canada.

By establishing the MoU, the financial and related professional services in the UK and Canada can benefit from enhanced cross-border collaboration and joint-ventures. The main goal of the initiative is to accelerate digitalisation, boost FinTech growth and support the future skills and talent in both countries.

TheCityUK CEO Miles Celic said, “Toronto Finance International is a global leader in promoting sustainability and competitiveness within financial services, and a natural partner for TheCityUK.

“To ensure the UK’s continued competitiveness and position as a leading centre of global finance, it is vital that we both forge new, and deepen existing relationships, with other centres across the world. Renewing this MoU will help us to encourage greater innovation and ensure ongoing cooperation between the UK and Canada.”

Late last year, TheCityUK formed a MoU with City TLV of Israel, to support the development of FinTech and cybersecurity in both countries.

Toronto Finance International president and CEO Jennifer Reynolds said, “We are very pleased to renew our MoU with TheCityUK. The UK remains an important partner for Canada’s financial industry. Combining our mutual expertise and insights, will help to increase our international influence and identify new opportunities for our members.

“As the industry continues to evolve, areas like FinTech and sustainable finance initiatives present exciting areas for greater international cooperation.”

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