UK Kalifa Fintech Review: Policy Recommendations for Keeping the Fintech Boom Going
February 26, 2021 @ 9:34 am By JD Alois
The long-anticipated report on the UK Fintech ecosystem and recommendations as to how to keep the robust market growing in a post-Brexit world has been published today. The
Kalifa Review of Fintech seeks to provide a roadmap for the UK to maintain its prominence in the burgeoning digital transformation of financial services.
In 2020, the UK Chancellor of the Exchequer asked
Ron Kalifa OBE to pursue a report that would identify policy initiatives to support the growth of Fintech. The UK has long been a noted Fintech hub with a vibrant startup scene and a regulatory environment that has been recognized for its willingness to embrace change. The Fintech sector has generated hundreds of new services and tens of thousands of new jobs driving economic prosperity. As noted in the report, UK Fintechs represent 10% of the global market share and £11 billion in re
UK Fintech investment should support truly early-stage startups
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Kalifa review: Fintech industry welcomes invaluable tech visa after Brexit
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Chancellor set to launch tech visa following Kalifa review
Chancellor Rishi Sunak is set to launch a fast-track visa programme for tech workers following proposals set out by the Kalifa review into the industry.
Speaking to the Financial Times Sunak said the scheme would help “scale up” the industry, saying the new visa stream would be a “calling card for what we are about”.
The government-commissioned review into the fintech sector was led by the former Worldpay boss Ron Kalifa. Among reforms to London’s listing rules and a new £1bn scale-up fund, the review urged a new visa scheme.