{"id":613186,"date":"2023-03-01T08:49:28","date_gmt":"2023-03-01T14:49:28","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/03\/01\/government-announces-national-fintech-hub\/"},"modified":"2023-03-01T08:49:28","modified_gmt":"2023-03-01T14:49:28","slug":"government-announces-national-fintech-hub","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/03\/01\/government-announces-national-fintech-hub\/","title":{"rendered":"Government announces national fintech hub"},"content":{"rendered":"<div id=\"content-header\">\n<h2>The UK Treasury has announced a centre for fintech innovation, two years after a major report recommended one<\/h2>\n<\/div>\n<div id=\"content-center\">\n<ul>\n<li><i data-icon=\"1\"><\/i><\/li>\n<li><i data-icon=\"2\"><\/i><\/li>\n<\/ul>\n<div id=\"contributors-block\">\n<p><img decoding=\"async\" src=\"https:\/\/cdn.ttgtmedia.com\/rms\/computerweekly\/Karl-Flinders-profile-pic-2022-140x180px.jpg\" alt=\"Karl Flinders\">\n\t\t\t\t\t<\/p>\n<p><span>By<\/span><\/p>\n<ul>\n<li>\n\t\t\t\t\t<a href=\"https:\/\/www.techtarget.com\/contributor\/Karl-Flinders\">Karl Flinders,<\/a><br \/>\n\t\t\t\t\t\t<span>Chief reporter and senior editor EMEA<\/span>\n\t\t\t\t\t\t<\/li>\n<\/ul>\n<p>\n\tPublished: <span>28 Feb 2023 16:00<\/span>\n<\/p>\n<\/div>\n<section id=\"content-body\">\n<p>The UK government has announced the launch of a national hub to support the UK fintech sector, with \u00a35.5m in funding promised.<\/p>\n<p>The Centre for Finance, Innovation and Technology (CFIT) was created in response to a <a href=\"https:\/\/www.computerweekly.com\/news\/252496993\/Its-now-or-never-for-UK-fintech-government-told\">report into UK fintech<\/a> carried out by WorldPay chairman Ron Kalifa in 2021.<\/p>\n<p>According to the UK Treasury, the CFIT \u201cwill champion the UK\u2019s world-leading sector, helping firms to achieve truly global scale\u201d.<\/p>\n<p>It added: \u201cIt will provide a much-needed boost to people and businesses up and down the country, enabling them to benefit from new waves of technological change and innovation \u2013 widening consumer choice, cutting costs and increasing efficiency for firms.\u201d<\/p>\n<p>Charlotte Crosswell, CFIT chair, said the launch is a significant moment for the UK\u2019s fintech sector and economy.<\/p>\n<p>\u201cThis organisation will enable us to come together as a sector to start breaking down barriers that the fintech sector is facing while creating a clear path for our homegrown fintech companies to achieve global scale, impact and success,\u201d she said.<\/p>\n<p>Kalifa, whose 2021 review influenced the government\u2019s decision-making over fintech, said the centre \u201cwill be instrumental in fostering collaboration between industry, academia and policymakers, promoting innovation and turbo-charging the adoption of new technologies for businesses and consumers\u201d.<\/p>\n<p>He added: \u201cI have no doubt it will enable the UK\u2019s fintech sector to become more competitive, and I look forward to seeing the impact it will have across the UK in the weeks, months and years to come.\u201d<\/p>\n<p>The CFIT will spread fintech innovation across the company, with financial innovation hubs planned \u201cacross the UK\u2019s nations and regions\u201d, including in key growth centres such as Leeds, where the new centre was announced.<\/p>\n<p>Leeds is an example of a city that has seen fintech growth. It now has 107 fintechs, with about 7,500 jobs and a valuation of \u00a3710m.<\/p>\n<p>John Flint, CEO at the Leeds-based UK Infrastructure Bank, said: \u201cThe fact we are anchored in Leeds is a key part of our identity. It aligns with our mission to drive up regional and local economic growth.\u201d<\/p>\n<p>The UK Infrastructure Bank has announced that it is expanding its presence at its Leeds office, creating around 280 jobs.<\/p>\n<p>Separately, in August, the Financial Conduct Authority announced that it was <a href=\"https:\/\/www.computerweekly.com\/news\/252523496\/Financial-services-regulator-opens-digital-delivery-centre-in-Leeds\">recruiting more than 100 people<\/a> to work at a new digital delivery centre in Leeds, as it expands its presence across the UK.<\/p>\n<\/section>\n<section id=\"DigDeeperSplash\">\n<h4>\n\t\t\t<i data-icon=\"m\"><\/i>Read more on IT for financial services<\/h4>\n<ul>\n<li><a id=\"DigDeeperItem-1\" href=\"https:\/\/www.computerweekly.com\/news\/252528827\/Why-Indias-Mphasis-chose-West-Yorkshire-for-tech-hub\"><br \/>\n\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/cdn.ttgtmedia.com\/visuals\/ComputerWeekly\/Hero Images\/IT-outsourcing-offshoring-1-adobe_searchsitetablet_520X173.jpg\" srcset=\"https:\/\/cdn.ttgtmedia.com\/visuals\/ComputerWeekly\/Hero%20Images\/IT-outsourcing-offshoring-1-adobe_searchsitetablet_520X173.jpg 960w,https:\/\/cdn.ttgtmedia.com\/visuals\/ComputerWeekly\/Hero%20Images\/IT-outsourcing-offshoring-1-adobe.jpeg 1280w\" alt ><\/p>\n<h5>Why India\u2019s Mphasis chose West Yorkshire for tech hub<\/h5>\n<div>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.ttgtmedia.com\/rms\/computerweekly\/Karl-Flinders-profile-pic-2022-140x180px.jpg\" alt=\"KarlFlinders\">\n\t\t\t\t\t\t\t\t\t<\/p>\n<p><span>By: <span>Karl\u00a0Flinders<\/span><\/span>\n\t\t\t\t\t\t\t<\/p>\n<\/div>\n<p>\t\t\t\t<\/a><\/li>\n<li><a id=\"DigDeeperItem-2\" href=\"https:\/\/www.computerweekly.com\/news\/252513093\/UK-fintech-investment-sees-sevenfold-increase-in-a-year\"><br \/>\n\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/cdn.ttgtmedia.com\/visuals\/ComputerWeekly\/Hero Images\/money-sterling-notes-pounds-getty_searchsitetablet_520X173.jpg\" srcset=\"https:\/\/cdn.ttgtmedia.com\/visuals\/ComputerWeekly\/Hero%20Images\/money-sterling-notes-pounds-getty_searchsitetablet_520X173.jpg 960w,https:\/\/cdn.ttgtmedia.com\/visuals\/ComputerWeekly\/Hero%20Images\/money-sterling-notes-pounds-getty.jpg 1280w\" alt ><\/p>\n<h5>UK fintech investment sees sevenfold increase in a year<\/h5>\n<div>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.ttgtmedia.com\/rms\/computerweekly\/Karl-Flinders-profile-pic-2022-140x180px.jpg\" alt=\"KarlFlinders\">\n\t\t\t\t\t\t\t\t\t<\/p>\n<p><span>By: <span>Karl\u00a0Flinders<\/span><\/span>\n\t\t\t\t\t\t\t<\/p>\n<\/div>\n<p>\t\t\t\t<\/a><\/li>\n<li><a id=\"DigDeeperItem-3\" href=\"https:\/\/www.computerweekly.com\/news\/252507800\/Tech-Nation-adds-30-fintech-scaleups-to-growth-programme-as-funding-continues-to-rise\"><br \/>\n\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/cdn.ttgtmedia.com\/visuals\/ComputerWeekly\/Hero Images\/banking-finance-charts-fintech-adobe_searchsitetablet_520X173.jpg\" srcset=\"https:\/\/cdn.ttgtmedia.com\/visuals\/ComputerWeekly\/Hero%20Images\/banking-finance-charts-fintech-adobe_searchsitetablet_520X173.jpg 960w,https:\/\/cdn.ttgtmedia.com\/visuals\/ComputerWeekly\/Hero%20Images\/banking-finance-charts-fintech-adobe.jpg 1280w\" alt ><\/p>\n<h5>Tech Nation adds 30 fintech scaleups to growth programme as funding continues to rise<\/h5>\n<div>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.ttgtmedia.com\/rms\/computerweekly\/Karl-Flinders-profile-pic-2022-140x180px.jpg\" alt=\"KarlFlinders\">\n\t\t\t\t\t\t\t\t\t<\/p>\n<p><span>By: <span>Karl\u00a0Flinders<\/span><\/span>\n\t\t\t\t\t\t\t<\/p>\n<\/div>\n<p>\t\t\t\t<\/a><\/li>\n<li><a id=\"DigDeeperItem-4\" href=\"https:\/\/www.computerweekly.com\/news\/252505146\/Global-fintech-investments-reach-new-heights\"><br \/>\n\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/cdn.ttgtmedia.com\/rms\/onlineimages\/money_g1091072100_searchsitetablet_520X173.jpg\" srcset=\"https:\/\/cdn.ttgtmedia.com\/rms\/onlineimages\/money_g1091072100_searchsitetablet_520X173.jpg 960w,https:\/\/cdn.ttgtmedia.com\/rms\/onlineimages\/money_g1091072100.jpg 1280w\" alt ><\/p>\n<h5>Global fintech investments reach new heights<\/h5>\n<div>\n<p><img decoding=\"async\" src=\"https:\/\/cdn.ttgtmedia.com\/rms\/computerweekly\/Karl-Flinders-profile-pic-2022-140x180px.jpg\" alt=\"KarlFlinders\">\n\t\t\t\t\t\t\t\t\t<\/p>\n<p><span>By: <span>Karl\u00a0Flinders<\/span><\/span>\n\t\t\t\t\t\t\t<\/p>\n<\/div>\n<p>\t\t\t\t<\/a><\/li>\n<\/ul>\n<\/section>\n<\/div>\n<p><a href=\"https:\/\/www.computerweekly.com\/news\/365531758\/Government-announces-national-fintech-hub\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Leigha Roberie<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The UK Treasury has announced a centre for fintech innovation, two years after a major report recommended one By Karl Flinders, Chief reporter and senior editor EMEA Published: 28 Feb 2023 16:00 The UK government has announced the launch of a national hub to support the UK fintech sector, with \u00a35.5m in funding promised. The<\/p>\n","protected":false},"author":1,"featured_media":613187,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[551,284,46],"tags":[],"class_list":["post-613186","post","type-post","status-publish","format-standard","has-post-thumbnail","category-announces","category-government","category-technology"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/613186","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=613186"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/613186\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/613187"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=613186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=613186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=613186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}