The Future of Money: Winners and losers

With everything going digital, we're just moments away from becoming a cashless society.  But who will benefit and what does the UK need to do to be at the forefront of this revolution?

Using recommendations taken from the Kalifa Review our panel, including the author, Ron Kalifa OBE, talked about what the UK needs to stay at the front of the FinTech race; the technology, the regulation; the people.

The discussions included:

• Future of money 
• Skills for the future
• Financial inclusion

There was also a Q&A session with audience questions.

Video

Links

• The Kalifa Review of UK FinTech
• Ofcom (2021) Adults Media Use and Attitudes Report 2020/21
• Ofcom (2020) Adults Media Use and Attitudes Report 2020

Panel

Ron Kalifa OBE

Ron Kalifa is Chairman of Network International; a FTSE company and Chairman of FutureLearn. He is a Non-Executive Director of the Court of Directors to the Bank of England and is a member of the Council of Imperial College, London.

Chair: Liz Moody

Director Executive Education, Liz co-wrote a white paper “Does a rising tide lift all boats” a review of how financial services influences social mobility – including the role of fintech.  Author of short course “Understanding Financial Technologies” in 2015, (no longer available).

Jonquil Lowe

Economist specialising in personal finance, and member of the Open Banking Expert Consumer Group.  She is a member of the Centre for the Public Understanding of Finance, Institutions and Networks (PUFin), a research centre that sits in the Business School.

Dr Robert Herian

A Senior Lecturer in Law, with interests in law, technology and data. He wrote this blog about bitcoin and specifically the Facebook backed Diem, and effect it could have in the world of banking. Robert contributed to the Law Commission’s work on digital assets and is an expert panel member for the EU Blockchain Observatory and Forum with special focus on legal and regulatory issues.