A former pensions minister underneath Tony Blair will this week be named as the brand new chair of a publicly funded organisation which goals to cement Britain’s standing as a worldwide chief in monetary innovation.
Mr Pond, who additionally labored for the Monetary Providers Authority, is now chair of the Metropolis watchdog’s client panel and the playing self-exclusion scheme Gamstop.
His appointment at CFIT can be introduced alongside these of two different board members, together with Nausicaa Delfas, who runs The Pensions Regulator.
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Vivienne Artz, chief govt of the FTSE Ladies Leaders Assessment, may even be part of CFIT as a non-executive director.
CFIT was established to deal with challenges rising from the explosive progress in using know-how throughout the monetary sector, by growing coverage suggestions and collectively creating know-how options for wider business adoption.
Arrange following a overview of Britain’s fintech sector overseen by the businessman Sir Ron Kalifa, it has proposed initiatives reminiscent of a Digital Firm ID programme geared toward lowering fraud.
He added that the organisation was “tackling some of the most complex systemic challenges facing financial services and the wider economy”.
Collectively, the brand new board members will work with Anna Wallace, lately appointed as CFIT’s chief govt.
