Withers innovates

Withers’ corporate and charities teams have advised on the launch of a new organisation which will represent and promote the UK’s financial technology sector. Innovate Finance, which was launched this month by Chancellor George Osbourne, will act as a single access point for entrepreneurialism and the creation of cutting edge technology in the UK’s financial sector. The industry body will operate as a membership organisation supporting the financial technology sector, and assisting the development of technology through collaboration and knowledge sharing. It expects to launch with around 50 members, ranging from leading international banks to high tech financial systems.