Two significant players in the fintech sector have been added to CFIT’s (Centre for Finance, Innovation and Technology) leadership team as independent non-executive directors.

Alex Marsh, a former head of Klarna UK, and Stephen Ingledew OBE, chairman of FinTech Scotland, have joined the CFIT team to offer important knowledge and help the expansion and development of the UK fintech sector.

And than CFIT, which will be established in Q1 2023, intends to remove obstacles to financial technology growth and establish the UK as a leader in financial innovation. CFIT is a key convening force that sits at the nexus of government, regulators, and business. It uses knowledge from across the financial innovation arena to determine priorities, push solutions, and promote growth in UK fintech.

CFIT’s governance and commitment to consumer and SME results changed with these non-executive director appointments. CFIT will form time-limited coalitions of finance, technology, academia, and policy specialists to address industry issues and unleash Open Finance’s potential.

Further Ingledew OBE, executive chair of FinTech Scotland and co-founder of the FinTech National Network, promotes open, imaginative, and inclusive financial ecosystems. Ingledew will lead the remuneration and nominating committee at CFIT, overseeing board member nominations for knowledge, independence, and experience.

Marsh brings a wealth of knowledge and experience to the CFIT team. He is well known for his leadership roles in the banking, fintech, and retail sectors, including his time as the head of Klarna UK.

Moreover Marsh’s commitment to innovation and teamwork has elevated him to a position of authority within the Swedish Chamber of Commerce in the UK, the International Fintech Group, and the UK Fintech Strategy Group. Marsh will be in charge of the CFIT’s risk management, financial reporting, and compliance procedures in his capacity as head of the committee for finance, audit, and risk.

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Ingledew and Marsh have been welcomed by Charlotte Crosswell OBE, chair of CFIT, who expressed excitement about working with them to “execute on the CFIT mission to support the next stage of scaling for UK-based firms and to solidify the UK as the global leader for fintech innovation.”

“Their combined knowledge is extremely pertinent to our work as we begin to promote the expansion and development of the UK fintech sector. Since we are a publicly financed organization, Alex’s substantial experience working within startups and scale-ups, understanding the challenges they face, and excellent financial and risk management abilities are essential.

We really value Stephen’s expertise in establishing and leading national fintech alliances. Our operating strategy will change as a result of his four-decade-long career in collaborative facilitation throughout all UK regional fintech clusters.

Moreover Ingledew OBE expressed his joy at being chosen as a NED for CFIT. “I founded Fintech Scotland in 2018 to deliver positive economic outcomes through financial innovation. I have direct experience fostering collaborations across diverse stakeholders and organizations, and I can bring my expertise to the team as we, together, lead the charge for fintech innovation across the UK,” the founder of Fintech Scotland said.

And then Marsh affirmed his support for CFIT’s goal of bringing together the top minds from the UK ecosystem and assisting in advancing better outcomes for customers and SMEs everywhere in the country.

Finally to the CFIT team, he remarked, “My experience in scaling up the UK division of payments disruptor Klarna will bring significant benefits and first-hand, deep understanding of what is needed to help unblock growth barriers for financial technology firms.”

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