The UK finally published the much-awaited Kalifa Review of UK Fintech. Some interesting statistics from the report: UK FinTech generates £11 billion in annual revenue, 71% of UK citizens interact with at least one FinTech company, and UK FinTech makes up 10% of the global market. The report proposes a five-point plan including easing stock listing and visa requirements so that more FinTech companies can be established and raise funds. Elsewhere, UK banking trade body UK Finance laid out a plan for a successor entity to the Open Banking Implementation Entity, which manages the rollout of open, API-based banking in the country. |
