Paymentology sees Kalifa Report recommendations as critical
One of the leading UK based fintech companies, cloud native payment processing platform Paymentology, has added their support to the recommendations of the Kalifa Fintech Report.
Highlighting specifically the value of collaboration, Paymentology welcomes the focus on broad engagement across the fintech ecosystem.
• The creation of an effective framework to promote financial inclusion, digital ID and data standards needs to be at the heart fintech going forward
• Facilitating connectivity amongst Fintechs to drive innovation will accelerate the benefits of fintech solutions for the financial services sector
• Extending the global scale through trade presents the opportunity to create a highly effective infrastructure with huge economic benefits for all
Founder and CEO of Paymentology, Shane O’Hara, commented, “Collaboration is crucial, and the UK Government clearly recognises the importance and rapidly growing role of FinTech within the British services industry. They are helping to cultivate an economy where banks, and FinTechs, work together to build a truly digital economy. The Kalifa Review will help build the right framework for UK FinTechs to continue to drive innovation globally,”