Financial Services Skills Commission supports the announcement of a Centre for Finance, Innovation and Technology (CFIT) as an accelerator for Fintech sector growth

Chancellor Rishi Sunak, on behalf of the Treasury, published a written ministerial statement on actions the government will be taking based on the recommendations in the Kalifa Review of UK Fintech. He said that “the Government is committed to ensuring that the UK remains at the global cutting edge of technology and innovation in financial services” and that “creating the conditions needed for our Fintech businesses to grow and compete is central to delivering on this ambition”.

Commenting on the statement Claire Tunley, Chief Executive of the Financial Services Skills Commission, said:

“Today’s announcement is a significant step forward and will further strengthen the UK’s position as a global leader in the fintech arena. The Centre for Finance, Innovation, and Technology will provide a platform to enable firms to collaborate and identify the much-needed skills and expertise urgently required in the sector as well as help to boost productivity, regional employment and long-term economic growth. The FSSC will continue to liaise with Government, our membership and stakeholders on driving the UK financial services skills agenda forward.”