Centre for Finance, Innovation and Technology - Steering Committee
The Steering Committee for the Centre for Finance, Innovation and Technology (CFIT) convened in March 2022 to develop proposals for a new body focussed on driving UK financial innovation
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Centre for Finance, Innovation and Technology
A key recommendation of the 2021 Kalifa Review of UK Fintech was the establishment of a Centre for Finance, Innovation and Technology (CFIT). At Spending Review 2021, HM Treasury confirmed it had allocated £5 million to fund the creation of the CFIT.
The CFIT will be a private sector-led body focused on driving forward financial innovation in the UK by bringing together experts from across the finance and technology ecosystem to identify and address opportunities and barriers to growth for UK fintech.
The CFIT Steering Committee (SteerCo) is being chaired by Ron Kalifa OBE and its membership comprises a range of industry experts, including representatives nominated on behalf of the UK’s regional and national fintech hubs. HM Treasury, the Financial Conduct Authority, and the City of London Corporation are also represented.
The SteerCo will meet monthly over the Spring and Summer of 2022 to develop a comprehensive proposition for CFIT. This will include making non-binding recommendations on key strategic points, as detailed in the attached Terms of Reference. These recommendations will then be considered by the permanent CFIT board and executive, once the Centre is established.
Membership of the Centre for Finance, Innovation and Technology Steering Committee
Committee Chair:
- Ron Kalifa OBE (Chair of the Kalifa Review of UK Fintech)
Committee Members:
- Nicola Anderson (CEO, Fintech Scotland)
- Maha El Dimachki (representing the Financial Conduct Authority)
- Gerard Grech (CEO, TechNation)
- Janine Hirt (CEO, Innovate Finance)
- Laura Mountford (representing HM Treasury)
- Damian Nussbaum (representing the City of London Corporation)
- Sarah Williams-Gardener (CEO, Fintech Wales)