Fintech is "an area in which London already has unmatched global appeal," says the City of London Corporation. "But for the UK to retain its position as world leader and continue to attract investment into the sector, it is vital to offer an environment which supports innovation. The Kalifa review offers a roadmap to achieving this."
The Review sets out a five point plan that covers policy and regulation, skills, investment, national connectivity and international competitiveness which it believes will ensure that the UK can capitalise upon fintech's potential to create quality jobs and level up the country, increase financial inclusion and play a key part of “Global Britain”.
"Britain has a proud record of starting-up and scaling-up some of the best known fintech products, but we cannot rest on our laurels," says Ron Kalifa. "The next powerhouses will not be created by accident."