CENTRE FOR FINANCE, INNOVATION
AND TECHNOLOGY

Leading the world in financial innovation

Open Finance Blueprint

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.

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CFIT’s Open Finance Blueprint

Landmark CFIT Blueprint delivers Kalifa Review recommendations on Open Finance. The Open Finance Blueprint summarises the opportunities identified by the coalition and the proofs of concept developed. It also sets out key findings and recommendations to drive forward Open Finance in the UK.

Open Finance Blueprint

Our Activities Driving UK Financial Innovation

Ecosystem and Partnerships
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. 
Ecosystem and Partnerships

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. 

Skills and Talent
CFIT are working with industry, researchers, policy makers and academia to identify the skills and talent challenges facing the financial services sector. Using these insights and research, CFIT will work with wider industry to create talent pipeline strategies to fill the talent gaps, develop regional growth and drive financial innovation scalability.
Skills and Talent

CFIT are working with industry, researchers, policy makers and academia to identify the skills and talent challenges facing the financial services sector. Using these insights and research, CFIT will work with wider industry to create talent pipeline strategies to fill the talent gaps, develop regional growth and drive financial innovation scalability.

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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News and Events

 

15/04/20242min read

CFIT to chair industry-led Open Finance Taskforce announced by UK Government

29/02/20245min read

Landmark CFIT Report Delivers Kalifa Review Recommendations on Open Finance

08/02/20246min read

CFIT’s Open Finance coalition: Driving innovation by creating a financially inclusive future for all UK consumers and businesses

08/02/20242min read

CFIT FinTech Placement Programme in Partnership with FinTech Wales

 

Get in touch with CFIT

To find out more about CFIT and our work or how you can get involved in our
national mission to drive scalability in financial innovation, please get in touch
and one of our team will get back to you.

Get in Touch