fintech and security in uk - Switzerland Global Enterprise

In Europe’s largest ICT-Market
Trade Mission November 26th to 28th, 2014
FINTECH AND
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OFFICIAL PROGRAM
PARTNER ORGANISATION
Invitation ICT Trade
and R&D Mission to
the UK
Partnering with Swiss Made Software, Alp ICT and
Unicore, Switzerland Global Enterprise and the
Gain insights into the ecosystem of UK clusters and how to build your
business. With significant government and private sector investments
taking place and procurement policies adapting to the fast-paced tech
industry, opportunities continue to emerge. In particular financial
institutions are scrutinised carefully and require major technical
investments in terms of improving operations and security. This will
provide tangible tools and insights that will give your business a head
start into this vital market, which is so close but operates very differently.
Meet the people who matter and develop an understanding for success
in the UK. Most importantly, meet and hear from potential partners and
clients in the banking environment UK.
Swiss Business Hub UK have great pleasure in
inviting you to join this Trade and R&D Mission to
build contacts in the UK finance and security tech
industry.
One way to appear attractive to potential investors is to come up with
innovative products and services that fit the market’s needs. This can
be achieved through collaborative close-to-market research. Therefore,
the Swiss State Secretariat for Education, Research and Innovation SERI
supports this mission with 1-to-1 matchmaking, information sessions
about available funding and a bilateral UK-Swiss call for Eurostars.
CONTACT
SANDRA TOBLER
Expert ICT
Consultant Northern Europe
(Baltics, Benelux, Nordics,
United Kingdom / Ireland)
Switzerland Global Enterprise
[email protected]
T +41 44 365 54 05
R&D COLLABORATION
STEFAN KLAUSER
Research and Innovation SERI
[email protected]
T +41 31 324 64 03
FINTECH AND SECURITY IN UK
2
Overview
WHY THE UK?
· The UK is the largest ICT market in Europe
· London is Europe’s number one financial centre according to the Global Financial
Centres Index
· The overall spend of the UK ICT market is GBP140bn per annum
· The UK has the strongest ICT skills in Europe and the highest number of ICT
graduates in the whole of Western Europe
· The UK is a powerhouse for software development and home to over 100,000
specialist software companies
· According to the INSEAD Global Innovation Index, the UK currently is the 3rd most
innovative country in the world and number one when it comes to ICT’s influence
on new business and organizational models
RESEARCH AND CLUSTERS
· The main cluster is in London with TechCity and a number of incubators and
accelerators
· Cambridge and Bristol have proven success in some of the world’s most competitive
high-technology industries such as hardware and software, wireless, biotech and
physical science. The Cambridge cluster is closely linked to the University, while
Bristol and its surrounding clusters are claimed to be home to the biggest silicon
design clusters outside Silicon Valley.
· TechHub Manchester provides a focal point for digital entrepreneurs
· Belfast is Europe’s top destination city for software development and technical
support investment
SOME SUB-SECTOR INFORMATION
· UK Cloud Computing annual market value is predicted to grow from GBP2.4bn to
GBP6.1bn by 2014
· The UK leads international markets for mobile device adoption and usage. It is one
of the most advanced mobile markets in the world. The UK mobile applications
market was worth GBP447m by the end of 2012
· The UK is Europe’s leading market for software and IT services with an estimated
market value of GBP58bn pa
· The UK cyber security sector is estimated to be worth GBP3.9bn in sales
FINTECH AND SECURITY IN UK
3
Finance and
Security – Market
Information UK
The UK finance and security ICT market has been receiving unprecedented media
and government attention. Cyber-attacks have been rated as a Tier One threat (equal
to terrorism) in the UK and 93% of large corporations and 87% of small businesses
reported cyber breaches in the past year. This brought the estimated cost of cybersecurity breaches to between GBP 450,000 – GBP 850,000, for large businesses and
GBP 35,000 – GBP 65,000 for smaller ones, over the last year. The government is
therefore looking for new ways to protect businesses and make the UK more resilient
to cyber-attacks and crime. As part of The 2010 Strategic Defence and Security Review
(SDSR) GBP 650 m was allocated over 4 years to establish a new National Cyber
Security Programme. An additional GBP 210 m investment was announced by
the Chancellor of the Exchequer in the 2013 spending review. In general regulatory
trends are beginning to emerge as Governments begin to take countermeasures.
In particular the financial sector is vulnerable to attacks and targeted and sustained
attacks could have far-reaching economic effects for the entire economy. For this
reason, a cyber-security test called «Operation Waking Shark 2» was carried out in
November 2013. With more than 200 representatives from the UK’s major banks,
including US bans such as Citi and Bank of America Merrill Lynch with global
operations in London, took part alongside financial regulators such as the Fiscal
Conduct Authority (FCA), Prudential Regulatory Authority (PRA), the UK Treasury, the
Bank of England and big financial services infrastructure providers from exchanges,
clearing and payment platforms. The report was published in February 2014 showed
that cross-sector communications and coordination protocols were in place but that
there were a number of potential vulnerabilities in the system and that financial
institutions need to draw up plans for protection as a priority. The UK banking
sector is at particularly high risk due to old and complex IT systems, as well as a high
degree of interconnectedness and its reliance on centralised infrastructure, such as
payment systems and clearing houses. Banks and organisations core to the financial
system have been given six months to outline their strategies to protect themselves
against potential cyber attacks by the Bank of England’s Financial Policy Committee
(FPC).
TO MAKE THE UK A SAFER BUSINESS LOCATION, THE GOVERNMENT IS/
HAS:
·Providing a National Cyber Crime Unit
·Providing cyber security advice to businesses and tailored guidance for small
businesses
·Building a Cyber Security Information Sharing Partnership
·Reached an agreement with industry on a series of guiding principles for internet
service providers
·Developing a preferred organisational standard for cyber security to give industry a
clear baseline to aim for
·Introduced a single reporting system for people to report financially motivated
cybercrime through Action Fraud
·Supporting the growth of the UK cyber security industry
·Developing a new Cyber Security Suppliers’ scheme for businesses
·Establish CERT-UK (Computer Emergency Response Team, based on EU directives)
The opportunities for Swiss products and competencies are high. A PWC study shows
that companies are investing the most in products related to cyber security standards.
Over 50% of respondents’ organisations invested more than GBP 10,000 in this area
over the past 12 months and more than a quarter invested over GBP 100K.
FINTECH AND SECURITY IN UK
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Program
WEDNESDAY,
NOVEMBER 26TH, 2014
Location – Embassy of Switzerland
Lecture Hall or banking location
Topic: The ICT Ecosystem UK –
Introduction, Overview, Opportunities
What makes the UK the biggest ICT
market in Europe? What are the general
opportunities for Swiss companies and
an overview of the trade mission? What
are the main ICT challenges banks face
(e.g. security, heterogeneous systems,
compliance, performance etc)?
Topic: How to do business in the UK?
Companies and experts provide insights
and best practice advice, information
about cultural factors, legal matters.
Presentation by a Swiss company
highlighting their path into the UK
market.
This session will provide local know-how
and expertise tailored to participants and
the trade mission focus.
Topic: Find the right R&D partner for
your international innovation project
An information session by Stefan
Klauser, expert for bilateral innovation
collaboration, on how to set up a bilateral
close-to-market R&D project and its
possible impact on your company.
Further, available funding mechanisms
for international applied R&D projects
will be presented.
Formal launch of a joint UK-Swiss Call
for R&D Project Outlines
Location – Embassy of Switzerland
Lecture Hall
Topic: Networking Event
Transfer to Embassy, Welcome by
Ambassador Dominik Furgler
·P
resentation by Swiss Made Software –
Book Launch
·P
resentation AlpICT and ICT know-how
in French-speaking Switzerland
·N
etworking reception
FINTECH AND SECURITY IN UK
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Program
THURSDAY,
NOVEMBER 27TH, 2014
Location – banking location or
cluster location
Topic: Clusters – opportunities inside
and outside of London
Opportunities in the clusters inside and
outside of London. Information and
presentations by a selection of clusters
with a focus on Fintech and Security.
Q&A opportunities for companies
to find out what the UK has to offer
beyond London. In addition a visit to the
Barclays Innovations Hub is currently
being discussed.
Topic: Public Procurement
How to work with the UK Government?
Requirements and procurement process.
Further focus on regulatory trends
and possible developments affecting
the need for increased investment in
secure systems. Q&A with procurement
specialist from the UK Government and
with experts in international government
procurement such as Nicholas
Niggli, former Chairman of the WTO
Government Procurement Agreement
(GPA) and Head of Economics
Department, Embassy of Switzerland
in the UK. A presentation will also be
given by a company that has successfully
navigated the public procurement
process.
Location – banking location or
cluster location
Topic: Elevator pitches
Breakout session – Elevator pitches to
Financial Institutions and/or potential
R&D partners
Location – Embassy of Switzerland
Lecture Hall
Topic: Networking – How to «sell to the
market» in the UK through networking
Workshop by an expert in networking
techniques and converting your own
network into business leads. This
interactive workshop will provide all
participants with tips and tricks on how
to capitalise on networking in the UK,
what will and won’t work when meeting
a UK counterpart and providing one on
one mini-training during the B2B speed
dating. This unique opportunity to have
an expert at hand whilst pitching your
services is a chance not to be missed.
Entrepreneur B2B «speed dating» to
explore business opportunities and/or
R&D projects including match-making.
B2Match.com system used to pair
compatible companies for meetings.
Individual meeting programmes can be
tailor made prior to the trade and R&D
mission.
Location – Leading Business Members
Club (TBC)
Topic: Networking Event
Event organised in co-operation with
a leading business members club. This
exclusive event will bring together
Swiss companies with decision makers
of major finance institutions and
businesses. Panel discussion and
topic tbc. To be followed by high level
networking.
FRIDAY (OPTIONAL)
NOVEMBER 28TH, 2014
Switzerland Global Enterprise and the
Swiss Business Hub UK can organize
an individually tailored programme at
extra cost such as additional meetings,
providing meeting space, etc.
FINTECH AND SECURITY IN UK
6
Participant
information
LANGUAGE
English
TRAVEL
Travel is organised on an individual basis (organised by the participants themselves).
We recommend arriving in the evening on the 25th November. The closest Airport to
the Lancaster Hotel is London Heathrow.
HOTEL
Lancaster London, Lancaster Terrace, London W2 2TY
CONTACT
Room will be booked arriving on the 25th and departing on the 28th. Additional
nights or superior rooms must be booked at own cost and directly with the hotel.
COSTS
Members (Swissmade Software, Alp ICT, Unicore, S-GE) CHF 1600.- excl. VAT
non members CHF 2300.- (excl. VAT)
SANDRA TOBLER
Expert ICT
Consultant Northern Europe
(Baltics, Benelux, Nordics,
United Kingdom / Ireland)
Switzerland Global Enterprise
[email protected]
T +41 44 365 54 05
Included in the price is accommodation (three nights at the Lancaster Hotel –
Superior Twin/double for sole use only), all meals and public transport costs during
the trade mission. This price is based on a negotiated special rate and availability
with the hotel and is confirmed until the closing date for registration. After this date
prices will be confirmed on an individual basis.
R&D COLLABORATION
REGISTER NOW
www.s-ge.com/w3j10
Innovative Micro Companies (less than 10 FTE) interested in R&D collaboration can
apply for a waiver of registration fees (send email to [email protected]).
YOUR IDEAS CAN STILL BE CONSIDERED
The participants will be asked to fill in a little questionnaire about their business
goals they intend to reach during the trade mission. Based on this feedback the
program will be finalized. The updates of the program will be published online over
the next week.
FINTECH AND SECURITY IN UK
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Program
details
We are still working on the final program details. Please find a selection of
visits and/or speakers we are looking to confirm below:
ANDY LOPATA
A business networking strategist, Andy works with companies on how to
use networking tools to develop their businesses. Networking is not just
about sales. Whether for lead generation, breaking down silos internally,
recruitment and retention of top staff or developing future leaders,
networks and collaboration have a key role to play. Andy will give a
keynote speech and run an interactive workshop, in preparation for the
B2B «speed dating». During the «speed dating» he will also provide one to
one advice to each participating company. A unique opportunity to hone
your skills in networking in the UK and receive advice and guidance when
most needed – during your networking.
BARCLAYS ACCELERATOR
Powered by Techstars, the Barclays Accelerator is a 15-week programme
run by a full-time, dedicated Techstars team. Ten startups were selected to
come to London to accelerate their FinTech businesses.
COMPETE FOR
Compete For is a free service that enables businesses to compete for
contract opportunities linked to major public and private sector buying
organisations. It has identified over 100 major UK investment projects
as potential partners for the CompeteFor programme. These targeted
potential partners and their related supply chains are in addition to the
existing partner projects, which include Crossrail and the transformation
of the Queen Elizabeth Olympic Park.
EFFICIENCY AND REFORM GROUP CABINET OFFICE
The Efficiency and Reform Group (ERG) works in partnership with HM
Treasury and government departments to deliver efficiencies, savings and
reforms on behalf of UK taxpayers. ERG aims to save money, transform the
way public services are delivered, improve user experience and support
UK growth. A member of the ERG will be asked to give a presentation on
UK procurement processes as part of a panel discussion.
CABINET OFFICE
Treasury and government departments to deliver efficiencies, savings and
reforms on behalf of UK taxpayers. ERG aims to save money, transform the
way public services are delivered, improve user experience and support
UK growth. A member of the ERG will be asked to give a presentation on
UK procurement processes as part of a panel discussion.
FINTECH AND SECURITY IN UK
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Program
details
HEATHER WHITE
Heather White, the founder of Smarter Networking, is described as a
networking architect because of her unique ability to strip down and
then build up extremely successful networks. She works closely with
individuals, teams and companies. She specialises in helping businesses
and professional individuals create networking strategies which enable
them to find and break into new sectors, form internal and external
collaborations and secure new business opportunities.
INSTITUTE OF DIRECTORS
The UK’s longest running organisation for professional leaders, the IoD is
the organisation that attracts high level decision makers. They are highly
dedicated to supporting their members, encouraging entrepreneurial
activity and promoting responsible business practice for the benefit
of the business community and society as a whole. An event hosted at
the impressive Pall Mall HQ, a central hub for business exchanges, will
provide an opportunity to reach Directors from a range of businesses.
Partnering with the City of London Branch this will provide direct access
to the key contacts in the City and throughout Canary Warf.
LEVEL 39
Level 39 is Europe’s largest accelerator space for Finance, Retail, Future
Cities and Cyber Security technology business, located in Canary Wharf –
London’s financial hub. The trade mission will visit Level39 to learn more
about the services and facilities offered and the broader activities tailored
towards to FinTech and cybersecurity industry.
SWISS BUSINESS HUB UK
The «Swiss Business Hub United Kingdom» is one of the network partners
of «Switzerland Global Enterprise». The Hub offers specific services to
small and medium-sized enterprises from Switzerland and Liechtenstein
to help them launch and develop their business relations in the UK. Part of
the Swiss Embassy in London, the Swiss Business Hub UK benefits from a
widespread network of contacts and the know-how of experts in economic
and technological fields.
TAYLOR WESSING
Taylor Wessing is a full-service international law firm, working with clients
in the world’s most dynamic industries. Taylor Wessing’s Data Protection
and Information Law practice of 22 partners will address the mission on
data protection and information law.
FINTECH AND SECURITY IN UK
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Program
details
TECH CITY / FUTURE FIFTY
Visiting Tech City UK will provide an opportunity to speak to the
organisation that has helped increase the number of digital companies in
East London from approximately 200 to over 1,300. Tech City’s heritage
of creativity and innovation make it hugely attractive for digital media
and tech companies. With easy access to the financial centre of the City
and quick access to Europe it is an ideal location to grow an international
business.
In particular the Future Fifty programme which matches qualifying
companies with publicly funded schemes and incentives relevant to their
stage of growth and specific needs will be explored. The dedicated team
provides a ‹concierge›-style service connecting companies with support
and advice designed to facilitate continued growth. The programme also
aims to boost visibility and exposure of the companies to institutional
investors.
UKTI
UKTI works with UK based businesses to ensure their success in
international markets through exports. We encourage and support
overseas companies to look at the UK as the best place to set up or expand
their business.
WATSON, FARLEY& WILLIAMS
David Harvey is head of the Swiss Desk, which he established in 1986. The
Swiss Desk provides access for Swiss clients to the international service
platform of Watson, Farley & Williams, with its offices in Europe, Asia and
the USA. Swiss clients comprise banks and institutions, corporates, public
sector organisations and entrepreneurs. Watson, Farley & Williams will
be giving a presentation about the current UK legal framework and what
a Swiss company needs to know when entering or consolidating the UK
market.
WITHERS & ROGERS
Withers & Rogers has provided a comprehensive and international range
of services in intellectual property matters since 1884. They have strong
specialist groups in all important technical and legal disciplines and they
offer a truly international intellectual property prosecution and advisory
service.
FINTECH AND SECURITY IN UK
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Registration
Trade Mission UK
November
26th to 28th, 2014
I WISH TO REGISTER FOR THE MISSION:
CONTACT DETAILS:
CHF 1’600.–
Members (S-GE, Swissmade Software, Alp ICT, Unicore)
CHF 2’300.–
Non members
COMPANY
FIRST NAME
I AM A MEMBER OF
Switzerland Global Enterprise
Alp-ICT
Swiss Made Software
Unicore
PARTICIPANTS
Number of participants LAST NAME
POSITION
STREET, NO.
POSTCODE/CITY
Name of participant TELEPHONE
ROOMS
1
2
MOBILE
E-MAIL
VEGETARIAN MENU
1
2
DATE
SIGNATURE
I would like to become a Switzerland Global Enterprise
­member and benefit from the discount of CHF 700.–
for this trip (and other membership advantages).
Registration until August 27th, 2014
www.s-ge.com/w3j10
Unfortunately, I cannot take part in this business mission.
Please keep me informed about future events and about UK.
Price per person (excl. VAT). Cancellations up to 20 days prior to the travel date are charged
at 50 %; after that, the entire participation costs shall be invoiced. Substitute participants
are welcome without any extra charge. Individual participants are asked to make their own
insurance arrangements.
Program subject to change. Switzerland Global Enterprise shall undertake the trip with a
minimum number of ten (10) participants.
Sandra Tobler
E-mail: [email protected]
T +41 44 365 51 51
F +41 44 365 52 21
ExportHelp
www.s-ge.com/exporthelp
[email protected]
T +41 844 811 812
Switzerland Global Enterprise
Bleicherweg 10
CH-8006 Zürich
T +41 44 365 51 51
Switzerland Global Enterprise
Corso Elvezia 16 – CP 5399
CH-6901 Lugano
T +41 91 911 51 35
Switzerland Global Enterprise
Avenue d’Ouchy 47 – CP 315
CH-1001 Lausanne
T +41 21 545 94 94
www.s-ge.com
Copyright © SWITZERLAND GLOBAL ENTERPRISE June 2014. All rights reserved.