Our Financial Innovation Partners
CFIT is partnering with some of the world’s leading financial institutions, fintech companies and industry bodies in our drive to scale financial innovation.
Our Mission
CFIT is leading the drive to expand and scale the UK’s position as a global leader in financial innovation. Our aim is to unblock the barriers that are prohibiting growth in financial technology by bringing together the best minds from across the UK to identify the challenges and create the solutions that can unlock the UK’s financial innovation potential. With a regional levelling-up agenda, CFIT’s work will create a national drive that can create regional growth opportunities, whilst driving a positive impact for individuals, business and the UK economy.
The CFIT Coalition Model –
Bringing Together the Best Minds
CFIT will achieve its aims through bringing together a dynamic and purpose driven collaboration of industry experts committed to driving tangible change in the financial technology sector. Labelled the CFIT Coalition Model, this approach will allow us to bring together the brightest minds and thought leaders from across the UK to undertake research-led work that will identify the complex challenges and innovative solutions that have a real-world impact for UK consumers and beyond.
CFIT’s Digital Verification Blueprint
Read our Blueprint on fighting economic crime through the introduction of Digital Company ID. This has the potential to revolutionise business in the UK by improving efficiency, security and trust, while saving billions of pounds every year in lost revenue and alleviating the burden of fraud on businesses. Our Blueprint summarises the opportunities identified by the coalition and the proof of concept developed for the implementation of Digital Company ID.
Our Activities Driving UK Financial Innovation
The UK has a vibrant financial services and fintech ecosystem comprising global corporations, innovative fintechs, supportive regulators and world-class universities. CFIT is enabling new relationships between these stakeholders and identifying national and regional collaboration opportunities for the benefit of the sector. We focus on building new strategic partnerships to enable the industry to unblock barriers to innovation.
CFIT’s Impact for Individuals,
Businesses and the UK Economy
There are critical financial accessibility challenges that UK consumers and businesses currently face. These challenges can affect the quality of life for individuals and reduce the ability of businesses to scale and grow. CFIT’s work will address these challenges and effect positive change that will have real-world impacts on millions of lives across the UK, whilst driving growth in the UK economy.
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