Financial services supported by launch of new knowledge sharing network

20 Oct 2009

 Financial services supported by launch of new knowledge sharing network

A new knowledge sharing network aimed at business and academia has been established to stimulate technology-enabled innovation in the UK's financial services sector. The Knowledge Transfer Network (KTN), which is being launched today at a private reception in London's financial district will promote collaboration and knowledge sharing in the financial services sector and offer a range of useful business support and information to its members.

The government-backed Technology Strategy Board, which oversees a national portfolio of Knowledge Transfer Networks, has awarded a three-year contract to a consortium led by the Lighthill Risk Network and the Centre for Financial Computing, with a team of associate partner organisations across the UK. Co-funding is being provided by the Economic and Social Research Council (ESRC) and the Natural Environment Research Council (NERC).

The Financial Services KTN will share knowledge and deliver innovation in the financial services sector, and will help businesses to innovate by providing them with networking and partnering opportunities and with up-to-date knowledge on markets and technologies. Registered members will benefit from access to advisory services aimed at facilitating business and technological success, for example in R&D funding and collaboration building, project financing, supply-chain opportunity, technology investment and updates, market and policy information.

Iain Gray Chief Executive of the Technology Strategy Board said:

"This new Knowledge Transfer Network will help UK businesses to innovate and create wealth. It forms part of an already highly successful portfolio of Knowledge Transfer Networks run by the Technology Strategy Board that aim to boost the UK's innovation capacity by bringing people together around common challenges and opportunities. "

Allan Gillespie Chair of the ESRC said:

"The ESRC is pleased to be supporting partnerships between the research community and organisations from the private sector. We feel that the Knowledge Transfer Network will successfully identify excellent social science research that has real world impact on our economy. New evidence and knowledge is needed at this time to help identify the pathways that will lead the UK back to economic recovery."

Membership of the KTN will be free of charge and open to the entire financial services community, including industry, investors, academia, innovators, government bodies and regulators. Ends

For full press release including notes to editors please follow this link - Financial services supported by launch of new knowledge sharing network


Last updated on Friday 30 July 2010 at 14:16

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