techUK is convening a public private working group on embedded finance to bring together:
Financial institutions and lenders
Fintechs and embedded finance providers
Digital platforms and marketplaces
Technology and data providers
Industry bodies and ecosystem partners
The working group will focus on practical, outcomesdriven collaboration to:
Identify priority barriers to scale
Develop shared market principles and best practice
Inform policy and regulatory engagement
Support the UK’s growth and competitiveness agenda
To get involved, please reach out to [email protected]. The working group is open to organisations actively involved in, or enabling, embedded finance across payments, lending, compliance, data, and platform ecosystems.
Why This Matters
Embedded finance is rapidly reshaping how financial services are delivered—integrating payments, lending, and compliance directly into digital platforms at the point of need. In the UK, this represents a significant opportunity to strengthen financial services leadership, unlock SME growth, and improve access to finance across the economy.
The UK embedded finance market is already worth £18–20bn and is forecast to grow to £30bn+ by the end of the decade, driven by embedded payments, SME lending, and B2B trade finance. Capturing this opportunity will require coordinated action across industry, regulators, and government.
The urgency of this agenda has been underscored by recent moves across UK banking and government to reduce critical dependence on US-owned financial infrastructure — including payments rails — reinforcing the case for building resilient, UK-anchored foundations for the next generation of financial services.
The Challenge
While innovation is moving quickly, the market faces shared challenges:
Regulatory clarity across complex, multiparty embedded finance models
Fragmented approaches to identity, data, risk, and compliance
Duplication of effort and friction for SMEs and platforms
The need to balance innovation with trust, resilience, and consumer protection
Concentration risk in core payments infrastructure, with renewed focus on UK sovereignty and resilience across financial services supply chains
Without collaboration, the UK risks falling behind international competitors that are moving decisively to create enabling frameworks for embedded finance at scale.
The Opportunity
A market-led, collaborative approach can position the UK as a global leader in embedded finance by:
Enabling faster, safer deployment of embedded financial services
Improving SME access to finance at the point of need
Strengthening supply chains and digital marketplaces
Supporting exports and crossborder trade
Reinforcing the UK’s reputation for trusted, wellregulated innovation
Initial Focus Areas :
The working group will prioritise a small number of practical, highimpact focus areas to build early momentum:
Regulatory clarity and accountability models for multiparty embedded finance arrangements, including roles, responsibilities, and liability.
Trusted data, identity, and KYB foundations, with a focus on interoperability, reuse, and reducing duplication for SMEs.
SME embedded lending and payments use cases, where embedded finance can deliver the greatest nearterm economic impact.
Principles for scalable, compliant embedded finance, aligned with UK regulatory standards and international competitiveness.
Get involved
We invite market participants to join this working group and help shape the future of embedded finance in the UK. By working together, industry and government can create the conditions for scalable, trusted, and innovationfriendly embedded finance—benefiting SMEs, platforms, and the wider economy.
To express interest or request further details, please get in touch with Lourdes ([email protected])
Financial Services Programme activities
The techUK Financial Services programme connects tech firms, the FS industry, and regulators to ensure innovation and technology can be fully embraced. Through market engagement activities and events, we help to empower decision makers and aid collaboration.
Our members develop strong networks, build meaningful partnerships and grow their businesses as we all work together to create a thriving environment where industry, government and stakeholders come together to realise the positive outcomes tech can deliver.
James leads our financial services programme of activity. He works closely with member firms from across the sector to ensure innovation and technology are fully harnessed and embraced by both industry and regulators.
Prior to joining us James worked at other business organisations including TheCityUK and the Confederation of British Industry (CBI) in roles focused on supporting the financial & related professional services eco-system, with a particular focus on financial technology and market infrastructure.
Junior Programme Manager - Financial Services & SME Engagement
Lourdes de Miguel
Junior Programme Manager - Financial Services & SME Engagement
Lourdes de Miguel joined techUK in January 2026 as a Junior Programme Manager in the Financial Services and SME Engagement programmes.
Lourdes supports the financial service programme’s mission of connecting firms from across the ecosystem to ensure innovation and technology can be fully harnessed by financial services. She also assists the SME team to help members meet, network and collaborate with their peers, industry leaders and customers.
Prior to joining techUK, Lourdes gained experience in research, finance, and stakeholder engagement across several organisations. Starting off at Elcano Royal Institute in Brussels, she supported seminar creation and event organization engaging with key policymakers and industry leaders developing an understanding of European policymaking. She later joined Swift, assisting the Industry Engagement team to build connections with Central Banks and other international bodies as well as developing research on macroeconomic topics.
Lourdes holds a BA (with honours) in Politics and International Studies from the University of Warwick.
Programme Assistant, Data Centres, Climate, Environment and Sustainability, Market Access, techUK
Lucas Banach
Programme Assistant, Data Centres, Climate, Environment and Sustainability, Market Access, techUK
Lucas Banach is Programme Assistant at techUK, he works on a range of programmes including Data Centres; Climate, Environment & Sustainability; Market Access and Smart Infrastructure and Systems.
Before that Lucas who joined in 2008, held various roles in our organisation, which included his role as Office Executive, Groups and Concept Viability Administrator, and most recently he worked as Programme Executive for Public Sector. He has a postgraduate degree in International Relations from the Andrzej Frycz-Modrzewski Cracow University.
