HM Treasury announced the relaunch of an independent review of the UK’s FinTech sector last week. Ron Kalifa OBE will chair the review.

This in-depth look at the sector comes after much public discussion and is in direct response to Chancellor Rishi Sunak’s budget, which anticipates continued UK leadership of this sector globally.

‘We are confident that this timely and important review will underpin the future growth and prosperity of the sector across the whole of the UK, and we firmly believe this announcement is a real recognition of our collective work to provide strategic direction to the sector,’ said Charlotte Crosswell, CEO of Innovate Finance, in the announcement. Innovate Finance, along with the City of London Corp., will provide secretariat services for the review.

The review hopes to help counter the negative impacts of Brexit and COVID-19 and ‘expand skills and talent available for the sector; improve access to capital funding and investment; connect our national and regional FinTech hubs; analyse our approach to policy and regulation for the sector; and thereby ensure that we remain competitive and attractive on the global stage.’ Webinars and roundtables are currently being scheduled so that financial professionals can provide input to the process.