The Kalifa Review, Brexit consequences & the future of the UK FINTECH sector
The UK’s Fintech sector which has grown rapidly in recent years is going to have to overcome fresh barriers as a result of Brexit-induced challenges. It is estimated that Fintech sector employs over 75,000 people across the UK, and contributes over £7bn annually to the economy, attracting nearly £3bn in investment during 2020; it is recognised that Fintech will play a vital role in both a post-pandemic recovery and also in the UK’s future outside of the EU.
After the referendum in 2016, many have predicted that the UK will lose its leading position in fintech and will be left behind by other countries such as France, Germany, the US, China, Singapore and the UAE – who all regard the sector as one which has strategic importance to their economies. It is widely thought that the Government, regulators and the industry must collaborate to ensure that the UK remains the best place to establish and grow successful Fintech businesses.
Ron Kalifa OBE
Campbell & Fletcher Recruitment work across the United Kingdom sourcing the highest equality talent in the banking and financial services industries, especially within the Fintech sector. We are proud members of the Women in Finance Charter and are committed to closing the gender diversity gap.