Westminster Business Forum

Since lockdown, we have been organising our full programme of conferences online. We will continue online until further notice, to ensure we play our part in helping our employees and delegates to remain safe during this time. We are pleased that so many key stakeholders, policymakers and other interested parties - both old friends and new delegates - are taking up the opportunity to discuss public policy issues and network at our impartial seminars. New events are coming on to our conference programme all the time. So there are plenty of opportunities for you to join us if you haven’t already, from wherever you are. For booking-related queries, or information on speaking, please email us at info@forumsupport.co.uk or contact us using one of the following numbers: +44 (0)7538736244 / +44 (0)7503591880 / +44 (0)7951044809.
For delegates already booked on, we will send you the online joining instructions (including links, event numbers and passwords) five working days before your conference. If you cannot find these in your inbox please email delegate.relations@forumsupport.co.uk

Key priorities for UK Fintech - next steps for policy, regulation and innovation

Morning, Friday, 30th April 2021


***Full-scale policy conference taking place online***

This conference It is examing key issues for the future of UK Fintech.


The conference will be an opportunity to discuss findings of the independent Fintech Strategic Review, following its expected publication.


The Review was commissioned by the Government to assess how the UK can continue to foster innovation in Fintech, support businesses in the sector, and create an environment for its continuing success by establishing priority areas.


We are pleased to be able to include keynote addresses from the Review’s Chair, Ron Kalifa, and from Katharine Braddick, Director General, Financial Services, HM Treasury - as well as the CEO of Innovate Finance, Charlotte Crosswell, who is supporting the Review.


Overall discussion will focus on:

  • the Review’s key recommendations - which will address three key objectives, ensuring that:
    • UK Fintech has the resources to grow and succeed
    • Fintech solutions are adopted on a widespread scale
    • the Fintech industry in the UK advances its reputation internationally
  • innovation and regulation - how the regulatory framework should respond to new financial products, platforms, and models, and how it is doing so far
  • priorities for growth - and the direction of policy affecting the sector
  • the Fintech workforce - skills development, diversity, and attracting foreign talent

The agenda:

  • The independent Fintech strategic review - key findings
  • Diversifying the Fintech workforce, developing skills, and attracting foreign talent
  • Advancing the international attractiveness of the UK Fintech market and trade and investment priorities
  • Next steps for regulation of UK Fintech
  • Research and innovation in UK Fintech, supporting regional development and enabling industry growth
  • Key policy priorities following the independent review

Developments and key areas for discussion:

  • navigating the post-Brexit environment - what is required from future regulatory initiatives to ensure the UK continues to lead Europe in this sector without complicating opportunities for investment from the European Union and globally
  • DLTs - the UK regulatory approach to cryptoassets and stablecoins - assessing key themes and responses as the Government consults on new distributed ledger technologies, including:
    • how the UK can benefit from innovation in these areas and best support innovation and competition
    • cryptoasset investment and wholesale uses and wider potential in financial markets
    • how risks for consumers and stability can be mitigated
  • the FCA’s Fintech focus and initiatives - with discussion on:
    • ensuring that the regulatory framework can develop alongside rapid innovation in the Fintech sector
    • adapting regulation to address concerns around the increasing use of AI, big data, and cryptoassets
    • open banking - whether tighter regulation is need to protect consumers, in light of the sectors growing popularity
  • the Bank of England’s plans - looking at commitments around:
    • supporting digital payments
    • developing Regtech and data strategies
    • utilising AI and other leading edge technologies to help firms increase their operational resilience as part of its Future of Finance project
  • the regulatory balance - assessing the way forward for both:
    • supporting innovation - aims that the regulatory regime should not unduly hamper the ability of firms to grow and develop new technologies, products, services and ways of working
    • protecting consumers - responding to concerns that accelerating use of digital platforms may increase risks of mis-selling, financial scams, and marginalising digitally-excluded consumers
  • exporting UK Fintech - discussing options for:
    • financial dialogue with emerging markets as the UK explores options for greater connectivity with India, following the Fintech awards mentorship programme supporting Indian Fintech start-ups and Indian financial regulators’ decision to join the Global Financial Innovation Framework to foster industry innovation
    • expanding the existing Fintech bridges to Australia and Singapore
    • developing further bridges and access to key international markets, and the launch of the DITTech for Growth programme targeting emerging markets which began with Africa
    • strategies to support London’s position as a leading exporter of Fintech to the EU post-Brexit
  • growing Fintech across the UK - including issues around:
    • Findings of the Digital Finance Forum Summer Survey of Fintech Founders - highlighting concerns that DFF members feel excluded from government investment schemes and expect further challenges accessing funding due to COVID-19
    • tackling harassment and promoting diversity - with the launch of the FinTech for All Charter in response to reports of gender-based harassment and pay disparity in the sector
    • Research and innovation for UK Fintech - a joint report produced by Fintech Scotland and Fintech Wales which called for a greater focus and investment in research and innovation in order to maximise the growth potential of the UK’s Fintech sector and the establishment of a Fintech Innovation Institute by UK regional collaboration
    • removing barriers to market entry, growth, and collaboration
    • attracting and developing the skills the sector needs into the future

Policy officials attending:

Our forums are known for attracting strong interest from policymakers and stakeholders. Overall, we expect speakers and other participants to be a senior and informed group including Members of both Houses of Parliament, senior government and regulatory officials involved in this area of policy, as well as from the financial services sector - such as banks, building societies, payment service providers, paytechs, insurers, retail and commercial lenders and alternative finance providers, crypto asset providers, crowd funding businesses, big data analytics firms, credit reference agencies, AI, machine learning and cognitive computing experts, robo advice and wealthtech providers - as well as technology and regulatory experts, trade associations, consumer bodies, together with reporters from the national and specialist media.


This is a full-scale conference taking place online***

  • full, four-hour programme including comfort breaks - you’ll also get a full recording and transcript to refer back to
  • information-rich discussion involving key policymakers and stakeholders
  • conference materials provided in advance, including speaker biographies
  • speakers presenting via webcam, accompanied by slides if they wish, using the Cisco WebEx professional online conference platform (easy for delegates - we’ll provide full details)
  • opportunities for live delegate questions and comments with all speakers
  • a recording of the addresses, all slides cleared by speakers, and further materials, is made available to all delegates afterwards as a permanent record of the proceedings
  • delegates are able to add their own written comments and articles following the conference, to be distributed to all attendees and more widely
  • networking too - there will be opportunities for delegates to e-meet and interact - we’ll tell you how!

Full information and guidance on how to take part will be sent to delegates before the conference



Keynote Speakers

Ron Kalifa

Review Lead, Independent Fintech Strategic Review

Charlotte Crosswell

CEO, Innovate Finance

Keynote Speakers

Ron Kalifa

Review Lead, Independent Fintech Strategic Review

Charlotte Crosswell

CEO, Innovate Finance

Katharine Braddick

Director General, Financial Services, HM Treasury

Speakers

Sameer Gulati

UK FinTech Sector Specialist, Department for International Trade

Julian Wells

Director, Whitecap Consulting

Denise Gee

Managing Director, Findexable

Catherine McGuiness

Policy Chair, City of London Corporation

Sara El-Hanfy

Innovation Lead, Innovate UK