In 2020, with COVID-19 putting most of the country into lockdown, the UK government kicked off a six-month independent review of the country’s financial technology sector, citing it as being “vital” to the UK’s economic recovery.
Announced in chancellor Rishi Sunak’s debut budget in March of this year, but launched in July due to COVD-19 related delays, The Fintech Strategic Review is being led by Ron Kalifa OBE, a former chief executive of international payment processing company Worldpay. It aims to identify priorities for regulators and policymakers, as well as industry.
The report is scheduled to be presented to HM Treasury at the start of 2021.