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UK sets out blueprint to rescue fintech companies after Brexit 26 Feb 2021 A man crosses the road at a financial district in London. File/Reuters Brexit, COVID-19 and overseas competition are challenging fintech’s future in Britain and the country should act to stay competitive, a government-backed review said on Friday. Britain’s departure from the European Union has cut the fintech industry’s access to the world’s biggest single market, making the UK less attractive for fintechs wanting to expand cross-border. The review headed by Ron Kalifa, former CEO of payments fintech Worldpay, sets out a “strategy and delivery model” that includes a new billion pound start-up fund and fast-tracking work visas for hiring the best talent globally. “It’s about underpinning financial services and our place in the world, and bringing innovation into mainstream banking,” Kalifa told Reuters.

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