The UK government has been one of the most forward thinking governments in the world when it comes to fintech; yesterday we learned from the Economic Secretary to the Treasury & City Minister, John Glen, that a new review of the UK fintech sector is under way with the goal to identify opportunities to support further growth in the sector; John Glen said, “The UK is one of the leading places in the world to start and grow a fintech firm, and I am determined to ensure this continues. The sector is worth around £7 billion to our economy and will therefore be vital in ensuring both that the country bounces back post-Coronavirus, and continues to be at the forefront of financial innovation now we have left the EU.”; the independent review, called the Fintech Strategic Review, will be led by Ron Kalifa, former CEO of Worldpay and is expected to be completed early next year. PYMNTS.
Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.