As the UK’s financial services sector is reformed to meet the challenges posed by the recent banking crisis and provide the backdrop to economic recovery, the development of policy must reflect an understanding of how technology continues to be the driver of change in the financial services industry.

Intellect believes that technology has a fundamental role in ensuring that such reform delivers stability, transparency and fairness for consumers, without unnecessarily harming the competitiveness of the industry itself.

Our financial services area outlines some of the key benefits that technology can deliver to the financial services industry and some of the key challenges that Intellect is working with its Members, industry and regulators to address.