About the UK Finance Awards 2024 Phone: +44 (0) 203 970 0010 Website: www.sme-news.co.uk Sofi Parry Senior Editor No information contained on or in this website constitutes investment advice or an offer to invest or to provide management services and is subject to correction, completion and amendment without notice. Neither AI nor any of its associated entities are authorised to give financial advice of any nature nor are they regulated by the Financial Services Authority. Prior to making any investment, AI recommends that any prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment. AI Global Media, Ltd. (AI) takes reasonable measures to ensure the quality of the information on this web site. However, AI will not assume any legal liability or responsibility for the accuracy, correctness or completeness of any information that is available through this web site. If errors are brought to our attention, we will try to correct them. The information available through the website and our partner publications is for your general information and use and is not intended to address any particular finance or investment requirements. In particular, the information does not constitute any form of advice or recommendation by us or any of our partner publications and is not intended to be relied upon by users in making or refraining from making any investment or financial decisions. Appropriate independent advice should be obtained before making any such decision. Any arrangement made between you and any third party named in the site is at your sole risk and responsibility. SME News is proud to announce the UK Finance Awards 2024! For the sixth year running we return to honour the achievements of the top small-to-medium sized enterprises in the UK’s thriving financial services sector. It is well known that the UK is a global financial powerhouse. It is the world’s second-largest exporter of financial services and UK trade surplus in financial and related professional services exceeds £92bn. Additionally, the UK accounts for 38% of global foreign-exchange turnover and hosts around 170 foreign banks in London. These are just a few elements which together contribute to the UK’s status as a major global financial hub. Despite these strengths, however, UK SMEs in the financial services industry have encountered several challenges resulting from a tough macroeconomic environment marked by sluggish growth and high interest rates. There is also a need for financial services firms to enhance digital capabilities, leveraging new technologies such as artificial intelligence, whilst simultaneously strengthening cyber resilience. Alongside these impediments, firms are faced with tackling the evolving compliance pressures of a post-Brexit environment, managing the emergence of FCA regulations such as Consumer Duty and the anti-greenwashing rule. The UK Finance Awards 2024 will highlight those who rise to these challenges, achieving success regardless of what difficulties are presented. As has been shown in the past, the UK financial services sector often sees obstacles as opportunities, and SME News wishes to celebrate those who exhibit this kind of resilience.
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