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Multi-agency collaboration launched to bolster Jersey’s fintech proposition

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Jersey’s three key agencies responsible for driving the Island’s fintech agenda have come together under a new collective banner supported by a new website. 

‘Jersey for Fintech’, established by Digital Jersey, Jersey Finance and Locate Jersey, has been launched to present a unified vision of the Island’s fintech ambitions and promote Jersey as an ideal location for fintech firms to establish, grow and flourish.

Launched at the live-streamed Jersey Finance Fintech 9 x 5: A Homegrown Start-up Showcase on Thursday 26 November, which gave Jersey-based fintech firms the opportunity to showcase their capabilities to the local finance industry, ‘Jersey for Fintech’ will highlight the Island’s fintech credentials to an international audience through joint events and conferences, as well as a new ‘Jersey for Fintech’ website and publication. 

The initiative aims to bring new tech business to the Island, promote existing tech businesses off-Island, and grow the sector locally to provide the local finance industry with more on-island choice.

With a fast-growing digital ecosystem, Jersey is one of the first jurisdictions in the world to make full fibre available to 100 per cent of its broadband users, and the Island recently ranked 2nd in the 2020 Worldwide Broadband Speed League. With 95 per cent of the Island covered by three 4G mobile phone networks, Jersey also provides resilient fixed and mobile capabilities for working in a way that suits both companies and individuals.

Tony Moretta, CEO of Digital Jersey, says: “With the digital agenda in over-drive since the start of the global pandemic, there is an increased focus not just on piecemeal tech-solutions, but innovations which will disrupt the international finance industry for the positive. Our connectivity, supportive regulator and government, and growing skills base boosted by an on-island digital skills academy means we are ideally-placed to be a one-stop-shop testbed for new technologies”

Commenting on the new collaboration, Joe Moynihan, Chief Executive Officer at Jersey Finance, says: “Throughout its history, Jersey has embraced economic opportunities and innovation. We have been a forward-thinking IFC for almost 60 years and now, with the digital enablers we have in place, Jersey has created an ideal environment for fintech to thrive.”

Richard Corrigan, Group Director – Financial Services and Digital Economy, Government of Jersey, adds: “Locate Jersey, Digital Jersey and Jersey Finance retain strong brands and familiarity on-Island and in our target markets. When it comes to fintech, the combination of expertise in showcasing Jersey’s fintech proposition is strengthened through collaboration and showcasing to the world that Jersey is open for fintech business with a breadth of expertise to support different needs.” 

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