UK gov to review fintech sector after BoE emergency funding plans collapse

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By Tom Brown
20 Jul 2020

The UK government has launched a review to find ways to boost the country’s fintech sector, a week after the Bank of England told alternative and non-bank lenders they would not receive emergency funding to support them during the pandemic.

Ron Kalifa, former chief executive of Worldpay, will lead the independent Fintech Strategic Review.

“Tech-based solutions in financial services have experienced wide scale adoption in the UK, with growth fuelled by a favourable startup environment that supports entrepreneurship and innovation,” said Kalifa. “This review will ascertain what is ...

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