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Innovate Finance Signs First International Hub Membership

25th April 2019, United Kingdom: Innovate Finance, ​the UK FinTech membership association is delighted to welcome Qatar Development Bank (QDB) as its inaugural International hub member.

Innovate Finance will support QDB in its mission to build a FinTech ecosystem in Qatar by providing connections, inspiration and bespoke support for FinTechs to thrive.

QDB is spearheading Qatar’s FinTech ambitions with the purpose to support the development of a vibrant FinTech industry in Qatar. It aims to facilitate collaboration among the participants and stakeholders of the FinTech ecosystem, and develop local and global relationships that will advance the country’s FinTech vision.

More than 250 global members have joined the Innovate Finance ecosystem to date. These companies range from seed stage start-ups to global financial institutions and professional services firms. All benefit from Innovate Finance’s leading position as a single point of access to promote enabling policy and regulation, talent development, and business opportunity and investment capital.

Charlotte Crosswell, CEO of Innovate Finance, said: “I am delighted to welcome Qatar Development Bank as our inaugural International Hub member. Many global financial centres regard the UK as a leader in FinTech and we look forward to working with QDB as it develops its own Hub.”

Abdulaziz bin Nasser al-Khalifa, Chief Executive Officer of QDB, said: “We are pleased to become the Innovate Finance’s inaugural international hub member. This membership reflects our intention to build and develop a cooperative relationship between UK and Qatari FinTech ecosystems. It will also allow access of Qatari FinTechs to the FinTech networks in the UK and international markets.”

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Innovate Finance

Founded in 2014 and supported by the City of London Corporation and Broadgate, Innovate Finance advances the country’s leading position in financial services, supporting the next generation of technology-led innovators. Innovate Finance is the hub of the UK’s FinTech ecosystem and we measure our success by helping our members connect, scale and innovate, working with government, regulators and other stakeholders to help create the best possible ecosystem in the UK, in which FinTech can flourish and showcasing the difference that FinTech can make as it plays an increasingly critical role to the future of society.