EY’s Head of FinTech recognised in New Year’s Honours list

30 December 2016

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EY’s Global FinTech Leader, Imran Gulamhuseinwala, has been recognised in the 2017 New Year’s Honours list for services to financial services.

Imran’s accolade is testament to his dedicated and ongoing career in financial services. He has worked across various roles at EY and Oliver Wyman, set up his own FinTech company CommuterClub, and worked closely with Government, regulators and industry bodies to drive the FinTech agenda and support its growth in the UK. In particular, Imran’s work for both UK Trade & Investment and HM Treasury to measure the size and growth of the FinTech sector in the UK and develop a strategy for future growth has been pivotal in establishing FinTech as a fundamental part of the financial services industry that should be nurtured and supported.

Commenting on his achievement, Imran says: “Being awarded an OBE is a real honour and I feel incredibly proud. The list includes very prominent and successful individuals and I am proud and excited to be considered alongside them.

“I’m also really pleased the FinTech sector is being recognised. It is a hugely exciting and dynamic part of UK business, and one that helps consumers and small businesses. FinTech firms are embracing many who were previously excluded from the sector, and are helping people to save money and engage with their finances at a time when we know we aren’t saving enough for the future.

“2017 is going to be really exciting. Initiatives such as Open Banking are laying the foundation of a digital economy, and we are on the verge of seeing FinTech become mainstream, which is incredible. The pace of growth and innovation has been tremendous, and now the goal is firmly on increasing the number of consumers who use FinTech, which will help to positively challenge the status quo in banking, insurance, savings and wealth management.

“In many respects the FinTechs here in the UK are leading the rest of the world. As ever, there are a number of headwinds that threaten to change this if we are not careful. The EU Referendum vote is putting a squeeze on talent and capital, and China and Singapore are both developing their offerings at an ever increasing rate, so it is key that the UK continues to support the sector and keeps it front of mind.”

Omar Ali, UK Financial Services Managing Partner at EY, adds: “It is fantastic to see Imran being recognised for his part in driving positive change in financial services and helping to keep the UK industry one step ahead of our competition across the world.”

ENDS

Notes to Editor

Imran has worked in financial services for 18 years. He joined EY in 2014 and now leads its dedicated FinTech practice globally. He spent eight years investing in the sector, and is also the Co-founder of CommuterClub, a FinTech 50 start-up which helps commuters to access savings for annual travel season tickets. Imran has a Masters in Engineering from Cambridge University and is a CFA charter holder.

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