The new government has a unique opportunity to drive innovation through international partnerships. The UK-Australia Fintech Bridge has demonstrated the potential of such partnerships.
Under the UK-Australia Fintech Bridge, regulatory authorities from both countries collaborate to support fintech startups, allowing them to operate in each other's markets through regulatory sandboxes.
Fintech Bridges, like the one between the UK and Australia, act as international regulatory sandboxes, enabling companies to test innovative products while ensuring compliance.
The success of the UK-Australia Fintech Bridge, with over 42 UK fintech companies expanding into Australia, highlights the significance of innovative trade policies.
#uk-tech-sector #international-partnerships #fintech-innovation #digital-economy #regulatory-sandboxes
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