The Confederation of British Industry (CBI) has started a campaign to help businesses in the UK understand how to make the most of FinTech solutions.
In Brief:
The campaign is entitled Winning with Fintech.
It aims to promote UK FinTech as a key opportunity for businesses to make a total of £32bn additional revenues by 2030.
Non-financial firms will be supported to use FinTech to innovate, improve efficiently and increase competitiveness.
What does this mean?
The CBI’s President Lord Bilimoria is set to announce the campaign on Monday and will comment that businesses need “all the support they can get” as they emerge from the pandemic and deal with supply chain issues due to the situation in Ukraine. The CBI aims to help businesses of all sizes find FinTech solutions that will work for them.
