28 Feb A Commentary on the Kalifa Review of UK Fintech
The Kalifa Review of UK Fintech has been warmly welcomed by the industry. As the UK looks to forge its path in the world, the Government should safeguard the global leading position of the UK fintech sector.
The Kalifa Review of UK Fintech was published on Friday the 26th of February 2021, setting out a plan for the UK to retain its global leadership in fintech by helping the country’s financial technology firms to scale up, access the talent and finance they need, and deliver better financial services.
The Review considers the UK fintech sector’s current position and the “size of the prize” in terms of job creation, trade and investment, financial inclusion and economic recovery that the industry could deliver with the right strategic support. The core of the Review is a five-point plan of recommendations based upon the key issues of policy and regulation, skills, investment, international opportunities and national connectivity.
Louis Loizou, partner at Loizou & Co, commented that UK is a global force within the fintech scene; and it will remain so. We still see important startups and growth firms to choose London as their base in developing financial technology products of global scale.
The full report of the Kalifa Review of UK Fintech is available here.