ACCA (the Association of Chartered Certified Accountants) and Innovate Finance, the industry body that represents the UK FinTech sector, reach agreement to connect their networks and collaborate on knowledge sharing, policy and insights.
The collaboration between ACCA and Innovate Finance will bring together their natural synergies and will provide a platform for UK FinTech leaders to share information about their products and services with UK and international stakeholders, including those within ACCA’s community.
ACCA is building an international online community of its members directly connected to Fintech to build a greater awareness of FinTech and drive the involvement of accountancy and finance professionals in this sector.
Innovate Finance is the industry body representing the global UK FinTech community. Their membership ranges from seed stage start-ups to high growth FinTechs, global financial institutions to investors, and from professional services firms to international FinTech hubs. By bringing together and connecting the most forward-thinking participants in financial services, Innovate Finance is helping create a global financial services sector that is more transparent, more sustainable and more inclusive.
Helen Brand, chief executive of ACCA, says: ‘Fintech builds sustainable economies, with a powerful reputation for propelling innovation. Accountancy and finance professionals are increasingly working in Fintech or using its many applications. And so this new agreement with Innovate Finance will help our global members stay ahead of the Fintech curve. We’re delighted that our two communities are connecting to learn from, and leverage each other's expertise.’
Janine Hirt, CEO of Innovate Finance, comments: ‘We are delighted to collaborate with ACCA and advance our conversation on innovation and sustainability. The UK boasts a world-leading FinTech sector seen by peers as the global benchmark for innovation and transformation in financial services. As an ecosystem, it is crucial that we continue setting global standards on sustainability and ESG, financial inclusion and financial wellness. Partnerships like this one with ACCA will facilitate this forward momentum and progress. We will also be discussing these important issues at our ‘FinTech as a Force For Good’ summit in October.’
The agreement follows research from ACCA and its strategic alliance partner Chartered Accountants ANZ, Fintech state-of-play: opportunities for finance professionals, which shows that accountancy and finance professionals are needed ‘more than ever’ to enable maximum value from Fintech while keeping it safe and inclusive. The report can be downloaded here: https://www.accaglobal.com/uk/en/professional-insights/technology/fintech-state-of-play.html
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Notes to Editors
About ACCA: ACCA is the Association of Chartered Certified Accountants. We’re a thriving global community of 233,000 members and 536,000 future members based in 178 countries and regions that upholds the highest professional and ethical values.
We believe that accountancy is a cornerstone profession of society that supports both public and private sectors. That’s why we’re committed to the development of a strong global accountancy profession and the many benefits that this brings to society and individuals.
Since 1904 being a force for public good has been embedded in our purpose. And because we’re a not-for-profit organisation, we build a sustainable global profession by re-investing our surplus to deliver member value and develop the profession for the next generation.
Through our world leading ACCA Qualification, we offer everyone everywhere the opportunity to experience a rewarding career in accountancy, finance and management. And using our respected research, we lead the profession by answering today’s questions and preparing us for tomorrow.
About Innovate Finance: Innovate Finance is the independent industry body that represents and advances the global FinTech community in the UK. Its mission is to accelerate the UK’s leading role in the financial services sector by directly supporting the next generation of technology-led innovators.
Innovate Finance’s membership ranges from seed stage startups and global financial institutions to investors, professional services firms, and global FinTech hubs. All benefit from Innovate Finance’s unique position as the single point of access to promote enabling policy and regulation, talent and skills, business opportunity and growth, and investment capital.
By bringing together and connecting the most forward-thinking participants in financial services, Innovate Finance is helping create a global financial services sector that is more transparent, more sustainable and more inclusive.