The Mayor of London, Boris Johnson, is leading a trade mission to Japan as part of his efforts to create jobs and growth in the capital by strengthening ties with cities around the globe such as Tokyo and promoting London to the world as a major investment destination.
As part of his trip, the Mayor will also promote the capital’s bustling FinTech sector and further enhance the relation between the capital and Tokyo.
Over three days (October 13-15), the Mayor will meet with senior Japanese politicians, business leaders, investors and some of Japan’s most innovative and green thinking manufacturers in Tokyo, Osaka and Yokohama. He will promote life sciences, tech and innovation, and champion London’s big brand retail exports.
Japan is the world’s third largest economy, while the UK is the top European destination for Japanese investment. Last year alone, Japan was the fourth largest investor in London, having invested half a trillion pounds in London-based projects since 2003 with enormous potential to become an even more important partner.
Joining the Mayor of London will be the government-appointed Special Envoy for FinTech and chair of London’s Tech City, Eileen Burbidge, as well as Barclays chief digital officer Derek White, who will talk about London’s expertise and highlight the opportunities to grow this area in Japan.
“Japan is one of the world’s most important economic powerhouses with enormous potential for stronger partnerships with the capital. We have plenty of knowledge and expertise to share across many important sectors,” said the Mayor.
“This is our chance to loudly bang the drum for London, strengthen our ties with Japan, and secure the long standing relationships we need to create an abundance of opportunities for Londoners and the people of Japan to work more closely and collaboratively in the future.“
UK Banks have partnered to allow customers to perform their day-to-day banking activities at the Post Office's 11,600 branches. It's being described as the biggest expansion in face-to-face banking access in a generation.
Starling Bank has become the first digital-only bank to join the Faster Payments Scheme as a direct participant. Traditionally, new bank entrants join the scheme via a sponsor, or another bank.
Coalfire validates the P2PE services of the largest independent retail support service provider in the UK.
Marca Wosoba, Head of International Development at World First, looks at the changes and disruptions in the financial sector, and identifies the importance of strategic partnerships.