The Financial Conduct Authority (FCA) put together a new group called the Innovation Advisory Group (IAG), which will meet for the first time this month. The FCA chose seven advisors to be on the IAG.
The watchdog says that the IAG will help it keep up with new fintech and RegTech developments.
The group has worked with artificial intelligence and other new technologies, competition, digital markets, financial inclusion, sustainability, and environmental issues. It will help support the FCA’s current plans and initiatives for 2023 and shape its innovation pathway to better serve businesses and consumers.
The following people will take turns being part of the advisory group for at least a year:
Pinar Akman is a law professor at the University of Leeds and the director of the Jean Monnet Centre of Excellence on Digital Governance.
Esra Kasapoglu is the head of Innovate UK’s AI and Data Economy team.
Etay Katz, Senior Partner, Financial Regulation at Ashurst LLP
Massimo Preziuso is a University of Salford lecturer in sustainable financial technology.
Ghela Boskovich, who started FemTechGlobal and is the head of the Europe branch of the Financial Data and Technology Association (FDATA), said
Alastair Reed is the Principal Policy Adviser for Money – Which?
Tom Bull is a partner at Ernst & Young LLP and is in charge of FinTech growth.
Members of trade groups UK Finance, Innovate Finance, RegTech Associates, Association for Financial
Markets in Europe (AFME), and The Investment Association will join them.
Howard Wimpory, KYC transformation director for Encompass Corporation, commented:
“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.”
