The FinTech Impact Report: Working through the world’s to-do list #FinTechforImpact What you need to know Through analysis anchored in the United Nations Sustainable Development Goals (SDGs), our key findings showcase the substantial impact of FinTech in the UK, with the sector extending its influence far beyond finance and playing a key role in addressing pressing societal and environmental challenges. • FinTechs are having a positive impact on the world: 97% of the FinTech sector demonstrates medium or high positive impact in the UK, when assessed against the SDGs. • Economic powerhouses: A remarkable 98% of UK FinTechs significantly boost economic productivity and growth. They create jobs, provide essential services to enterprises and enhance access to financial services. As this report also showcases, their impact goes beyond these financial realms. • Helping justice: By reducing illicit financial flows, 36% of FinTechs are contributing towards peace, justice and strong institutions in the UK (SDG #16). • Greater impact than others: FinTechs are contributing a greater net positive impact than other industries such as apparel, retail and construction. • High and low impact. FinTechs increase productivity and other factors affecting people, such as financial inclusion and resilience. However, despite their focused and purpose-driven initiatives, their overall impact on the planet is a negative one. • Responsibility: The size and reach of FinTechs offer significant potential to scale and have a more positive impact on society, enabled by investment and enterprise partnerships. That comes with the responsibility to be environmentally conscious and mitigate their negative impact on the planet, as the sector builds towards a fairer and healthier world. 7