The Financial Conduct Authority (FCA) has appointed seven advisors to a new Innovation Advisory Group (IAG), set to hold its first meeting this month.
The FCA has stated that the IAG will play a crucial role in keeping the organization informed about new innovations in fintech and RegTech. The group brings a wealth of experience in areas such as artificial intelligence, emerging technologies, competition, digital markets, financial inclusion, and sustainability. Their insights will support the FCA’s initiatives for 2023 and help shape its innovation strategy to better serve both businesses and consumers.
The advisory group will consist of the following rotating members for a minimum one-year term:
– Pinar Akman, Professor of Law & Director at Jean Monnet Centre of Excellence on Digital Governance, University of Leeds
– Esra Kasapoglu, Director of AI and Data Economy, Innovate UK
– Etay Katz, Senior Partner, Financial Regulation, Ashurst LLP
– Massimo Preziuso, Lecturer in Sustainable Financial Technology, University of Salford
– Ghela Boskovich, Founder of FemTechGlobal & Head of Europe, Financial Data and Technology Association (FDATA)
– Alastair Reed, Principal Policy Adviser, Money, Which?
– Tom Bull, Partner & Head of FinTech Growth, Ernst & Young LLP
Additionally, representatives from trade associations such as UK Finance, Innovate Finance, RegTech Associates, the Association for Financial Markets in Europe (AFME), and The Investment Association will join them.
Howard Wimpory, KYC transformation director for Encompass Corporation, expressed optimism regarding the FCA’s commitment to advancing innovation in financial services. He stated, “It is encouraging to see the FCA continuing to push innovation in the financial services sector, bringing new initiatives to the fore to support the UK’s ambitious growth plans. With Tech Nation shutting down, now is the time for leaders to step up and steer the country, sector, and businesses forward when it comes to promoting the development and adoption of new technology.”
For those interested in exploring more fintech opportunities, visit the Finextra Job Board for a wide range of roles.