The Bank of England (the Bank) FinTech Accelerator (the Accelerator) has today launched a new Community, bringing together FinTech-related organisations to engage with the Bank, share insights on trends and support the development of the sector.
Simmons & Simmons’ head of FinTech, Angus McLean, is the only industry expert from the legal sector to be part of the new Community.
The Accelerator was launched in June 2016. The Community has been set up to:
- share developments, trends and insights to facilitate learning and understanding across the sector and within the Bank
- ensure the Bank is engaging with a range of FinTech firms from across the sector
- increase networking across firms with an interest in FinTech to support the development of the sector.
Angus McLean commented “We are delighted to be part of the Bank’s new FinTech Community. The Bank has taken a leading role in engaging with and supporting the UK’s FinTech sector. The establishment of the Community is another strong sign of the Bank’s commitment to the UK’s FinTech ecosystem. We are looking forward to collaborating with the Bank’s FinTech team and the other members of the Community on this important initiative.”
Simmons & Simmons was the first law firm to:
- launch a FinTech fund (in May 2016) to provide cost effective legal services to some of the UK’s most exciting FinTech businesses
- act as the contributing editors of the first FinTech edition of Getting the Deal Through, published in October 2016
- establish a joint Student Support programme with the Centre for Commercial Law Studies (CCLS), Queen Mary University, London. The firm provides professional input to post-graduate Masters of Law (LLM) students on their FinTech and RegTech research dissertations.
Simmons & Simmons has a longstanding focus on the Financial Institutions, Asset Management and Investment Funds and TMT sectors, with market leading experience at the confluence of those sectors. The firm advises a wide range of clients across the FinTech industry, including a significant number of FinTech 50 businesses as well as a range of banks and asset managers on a variety of FinTech issues.