CBI president calls on UK to tap into FinTech benefits

The UK should tap into the ‘flotilla of benefits’ on offer from its FinTech sector, claims president of the CBI Lord Bilimoria.

According to City A.M, Bilimoria has stressed to finance leaders to strengthen ties with the business community in order to step up use of FinTech across the UK economy.

The CBI currently estimates that the FinTech sector could yield a further £32bn for the UK economy by 2030.

Bilimoria said, “Businesses need all the support they can get at present. Slow growth post-pandemic and supply chain struggles have been exacerbated by the terrible conflict in Ukraine.”

“What firms need are fair winds and following seas, with fintech featuring a flotilla of benefits, making global trade smoother, payments easier and sustainability better.”

Copyright © 2022 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.