The U.K. Economic Secretary to the Treasury, John Glen, has announced the establishment of the independent FinTech Strategic Review, which was first referenced in the 2020 Budget. The Review, which will be led by Ron Kalifa OBE, former CEO of Worldpay, aims to identify priority areas for industry, policy makers and regulators to investigate to facilitate the ongoing success of the U.K. fintech sector. The objectives of the Review are:
- Ensuring U.K. fintech has the resources to thrive;
- Creating the conditions for continued widespread adoption of fintech solutions to benefit businesses and individuals; and
- Maintaining and advancing U.K. fintech’s global reputation for the innovation and transformation of financial services.
The Review will run five workstreams: skills and talent, investment, national connectivity, policy and international attractiveness and competitiveness.
The FinTech Strategic Review is due to make its recommendations to HM Treasury in early 2021.
View HM Treasury’s announcement.
View the Terms of Reference of the FinTech Strategic Review.
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