In this episode, host Polina Evstifeeva is joined by David Ostojitsch, Director of Government Relations and Policy at PIMFA, to break down the UK’s Financial Services Growth and Competitiveness Strategy, released on July 15th 2025.
This strategy aims to position the UK as the world’s most technologically advanced financial hub by 2035, prioritizing fintech, AI, and distributed ledger technology (DLT). From reducing FCA/PRA authorization times to phasing out paper share certificates by 2027, David discusses how these reforms could transform the financial sector, the regulatory challenges ahead, and the critical role of financial literacy and open data in driving innovation.
Listen to explore what this ambitious plan means for the future of financial services.
Chapters
00:00 Introduction to the UK Financial Services Strategy
06:12 FinTech Innovation Initiatives
08:43 DLT Initiatives
10:50 Smart Data Accelerator and Data Challenges
13:20 Regulatory Plans
16:39 Implementation Challenges and Legislative Delays
19:32 Promoting Competitiveness of the UK
21:21 Promising Outcomes from the Strategy
