The Intellect Financial Services Programme brings together over 150 suppliers of information systems, services and consultancy to the financial services sector.

The Financial Services programme provides members with an opportunity to engage with the industry's key stakeholders on a wide range of issues, and share with the regulator and customer community the ‘art of the possible’ from the technology perspective. Global IT service providers sit alongside many specialised smaller companies and all play an active role in imparting their expertise and experience to better inform the development of financial services policy at a cross roads in the industry’s rehabilitation.

The relationship between the financial services industry and the technology sector is one of fundamental importance. Technology not only plays a critical role in the functioning of the financial services industry, it is a hugely important factor in ensuring that these institutions can operate more responsibly and remain competitive in the global marketplace.

Many of Intellect’s members are heavily involved in providing the fundamentally important technology platforms upon which the UK’s financial services industry is built. For example, these members help facilitate the 5.7 billion automated payments that are made through the banking system on an annual basis.

Indeed, through Intellect our members are working with the Payments Council to develop the future technology that will afford consumers and businesses alike more convenient, secure and efficient ways to conduct their transactions. Similarly, the 40 million online bank accounts that are registered in the UK would not function without the technological capability that our members design and supply.