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Chancellor announces review into the future of financial technologies

This news article was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

Chancellor George Osborne has asked the Government Office for Science to examine how FinTech will evolve in the future.

Speaking at the launch of the new industry body ‘Innovate Finance’ on Wednesday 6 August, the Chancellor said:

I am today asking one of our best scientists, the Government’s Chief Scientific Adviser, Sir Mark Walport, to lead a review into the future of FinTech.

The review will look at the technologies, enablers and barriers that will shape the future of the FinTech sector up to 2025, and the policy implications for the government.