The City of London Corporation’s Policy Chairman, Chris Hayward, was in Derry this week to attend the launch of the MATRIX NI report and a number of engagements to build on the North West’s strong connections with the City of London.
Matrix, Northern Ireland’s Science and Industry Advisory Panel, supported by the Department for the Economy, launched a new report exploring opportunities for the application of regulatory technologies (RegTech).
The report finds that Northern Ireland, with its skilled workforce and strong academic institutions, is strongly positioned to help businesses navigate an increasingly complex regulatory environment. This can be achieved by the development of innovative solutions to streamline compliance processes, enhancing transparency, while mitigating any risks in the financial services sector
Mr Hayward and his delegation were welcomed to the city by the Chief Executive of Derry City and Strabane District Council, John Kelpie, who took the opportunity to discuss shared interests in business, innovation and culture.
The significant work being done by the Council and its delivery partners to bring forward an ambitious suite of innovative City Deal projects that will create jobs, attract investment and growth to the region was also discussed.
Mr Kelpie said it was a great honour to welcome Mr Hayward to the region to talk about the opportunities to promote the RegTech proposition, harnessing the city region’s unique cross-jurisdictional location and collaborative partnerships and to build on existing relationships between the two cities and regions.
He said: “We have extremely strong links with the City of London and it’s hugely encouraging to see Mr Hayward and his delegation taking time out of their schedule to visit our city and meet with industry leaders to hear about the excellent work that is being done here in terms of attracting global investment and helping home-grown success stories compete internationally.
“The City of London Corporation is a global financial and professional services capital that drives the UK’s economy and the sector is of huge importance to this region.”
During his visit, Mr Hayward met with RegTech Supercluster representatives to hear at first-hand about the collaborative work being done on the ground to develop the region’s RegTech offering.
It was also an opportunity to provide the delegation with an update on the ‘Innovation Challenge’ programme that was launched late last year with the City of London Corporation as a strategic partner, to encourage innovators to develop creative technology solutions to tackle cross border regulatory and compliance challenges.
A key element of the visit was to discuss with key stakeholders the key findings of the Matrix NI report and how to bring forward its recommendations.
The launch provided the opportunity for the RegTech Supercluster to discuss how it can support the Department to shape the RegTech proposition and working with key stakeholders generate economic growth and competitive advantage across the region.
The delegation met with senior officials at the Ulster University to discuss their expansion plans and to receive an update on the work being carried out by the Task Force and key research and development projects.
Mr Heyward also met with representatives from the Derry Chamber of Commerce before taking a tour of the local Seagate plant at Springtown and meeting with Chief Operating Officer with EY, Jonathan Williamson, to discuss their future plans for development at Ebrington Plaza and their wider growth across the region.
Tags: