Janine Hirt, CEO of Innovate Finance, and a steering group comprising prominent figures in the fintech industry, such as Philip Belamant, CEO of Zilch, and Charles McManus, CEO of Clearbank, will co-chair the Council. Chief executive officers from Monzo, Revolut, Zopa, and Allica Bank are among the other members.

Over the next ten years, the government will receive important policy recommendations from the Council to help guarantee that the nation successfully navigates the difficulties of growth and investment.

Furthermore, in order to establish a unified voice for British innovators at the highest levels of government and policy making, the Startup Coalition's Unicorn Project for Tech, which was also launched today, and the Unicorn Council for UK FinTech will collaborate.

"In the last few years, UK fintech has shown resilience by maintaining its position as a global hub for investment, second in the world behind only the US, and maintaining the leading position in Europe," says Janine Hirt, CEO of Innovate Finance.

In order to uphold our leadership position, it is imperative that we expedite our collaboration with industry, government, and regulators. This collaboration aims to secure essential support for technology companies experiencing growth, encompassing both proactive regulation and augmented investment.