Financial Services: Technology:Written question - 124821

Q
Asked by Adam Afriyie
(Windsor)
Asked on: 24 January 2018
HM Treasury
Financial Services: Technology
Commons
To ask Mr Chancellor of the Exchequer, what role financial technology plays in promoting financial inclusion; and if he will make a statement.
A
Answered by: John Glen
Answered on: 31 January 2018

Financial technology plays an important role in promoting financial inclusion and capability. Banks and fintech firms use new technology to make it easy for consumers to save and invest money, receive better financial advice, and access cheaper, more appropriate loans and overdrafts.

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