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Financial Services: Technology

Question for HM Treasury

UIN 124821, tabled on 24 January 2018

To ask Mr Chancellor of the Exchequer, what role financial technology plays in promoting financial inclusion; and if he will make a statement.

Answered on

31 January 2018

Financial technology plays an important role in promoting financial inclusion and capability. Banks and fintech firms use new technology to make it easy for consumers to save and invest money, receive better financial advice, and access cheaper, more appropriate loans and overdrafts.

Answered by

Treasury