Budget 2020: 'Major' review of fintech sector launched

Collaboration with Government and industry to improve sector

The Government has pledged to support the UK’s "world-leading" fintech sector and the wider digital economy in today's Budget, announcing a "major" review of the UK fintech sector led by Ron Kalifa, non-executive director, court of directors at the Bank of England.

The review will identify what additional measures the industry and the Government can do to support growth and competitiveness, to ensure that the UK maintains its global leadership in this vital sector. The Government will also extend funding for the Fintech Delivery Panel, as well as touring the regions and nations of the UK to showcase its diverse range of fintech firms. Government eyes 'streamlined' overseas fund access post Brexit Meanwhile, the Government said it "looks forward to the publication of the Bank of England's discussion paper on a possible UK central bank digital ...