Date
09/03/2021
Fintech industry leaders and regulatory professionals came together recently to hear first-hand from Ron Kalifa, OBE, author of the eponymous and long-awaited Kalifa Review of UK Fintech Strategy. Hosted by global data and analytics provider, LexisNexis
® Risk Solutions, and chaired by CEO of Fintech Wales, Sarah Williams-Gardner, the event was an opportunity for industry representatives to ask their burning questions on the back of the Review.
The reaction from attendees indicates that the Review, whilst posing many great opportunities for the UK fintech sector, leaves open a number of questions and challenges which the industry is keen to address, and which may require additional support from the UK Government as they embark on the task of implementing the recommendations. Among the key issues raised by the sector were:
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On 26 February 2021, the Kalifa Review of UK Fintech published its much anticipated report on the state of the UK fintech industry. The report recognizes fintech s current importance to the UK economy and potential material opportunities in driving growth as part of Global Britain in a post-COVID environment, including potential investment reforms impacting Fintech investors and companies.
Summary of the Review and Investment Recommendations
The Kalifa Review s report sets out a Five Point Plan through which the UK can maintain its position as a leading fintech hub and further build on this to benefit the UK economy. The plan comprises sections on policy and regulation, workforce skills, investment in fintechs, international matters and national connectivity, and we ve focused on fintech investment for this alert. The Report also helpfully draws widely on input from many of the UK s leading fintechs, as well as sever
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