1 March 2021 A fintech’s opinion on the UK Fintech Review Karl MacGregor, CEO of fintech Vyne, shares his views on the recent UK Fintech Review undertaken by Ron Kalifa
How much of an impact will the review make on UK fintechs going forward?
It has been almost a year since Rishi Sunak announced the launch of an in-depth review of the UK fintech sector, led by then-vice-chairman of WorldPay, Ron Kalifa OBE. What a year it has been, with the economic impact of the coronavirus pandemic and Brexit coming into force. On Friday, the eagerly anticipated report was released, and naturally it’s got the industry talking. But despite all the noise, fintechs have remained quiet. They’ve stepped back, taken a moment to process the outcomes and consider exactly if and how the report will aid their growth. This is what they’re thinking.
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My big Spac venture and a golden opportunity for listing rules reform
Rather than encourage Spacs to float in London, we should be helping the companies they like investing in to access public markets directly
28 February 2021 • 5:00am
A bit late to the party admittedly, but I know a good thing when I see one, and have therefore determined to join the great Spac goldrush. My special purpose acquisition company – Spac for short – is to be called Warner Galactic Enterprises, and will target investments in space, fintech, climate change, vaccine and cannabis-related early-stage ventures.
I recently watched a trashy Netflix sci-fi movie in which – with the world about to come to an apocalyptic end, obviously – the profs attempt to adapt the human body so as to be able to live on Titan, one of Saturn’s moons, thereby giving humanity a second chance. This would fit the bill nicely, so if you know of anything along these lines, do get in touch.
Britain sets out blueprint to keep fintech ‘crown’ after Brexit
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.
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.