Policy paper

The Kalifa Review of UK FinTech

Independent report on the UK Fintech sector by Ron Kalifa OBE.

From:
HM Treasury
Published
26 February 2021
Last updated
16 April 2021 — See all updates
This was published under the 2019 to 2022 Johnson Conservative government

Documents

Kalifa Fintech Review Final Report

PDF, 9.89 MB, 108 pages

Kalifa Fintech Review - Executive Summary

PDF, 2.62 MB, 15 pages

Details

At Budget 2020, the Chancellor asked Ron Kalifa OBE to conduct an independent review to identify priority areas to support the UK’s fintech sector. The Review formally launched in July 2020 with objectives for supporting the growth and widespread adoption of UK fintech, and for maintaining the UK’s global fintech reputation.

The Kalifa Review of UK Fintech highlights the opportunity to create highly skilled jobs across the UK, boost trade, and extend the UK’s competitive edge over other leading fintech hubs. It sets out a series of proposals for how the UK can build on its existing strengths, create the right framework for continued innovation, and support UK firms to scale.

The report’s recommendations include :

  • amendments to UK listing rules to make the UK a more attractive location for Initial Public Offerings
  • improvements to tech visas to attract global talent and boost the fintech workforce
  • creation of a regulatory Fintech ‘scalebox’ to provide additional support to growth stage fintechs
  • a Centre for Finance, Innovation, and Technology, to strengthen national coordination across the fintech ecosystem to boost growth

Updates to this page

Published 26 February 2021
Last updated 16 April 2021 + show all updates

  1. Review of Fintech document updated

  2. Additional stakeholders names who participated in the Review added and an update to a graph on page 71

  3. First published.

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