Financial Services Knowledge Transfer Network (KTN)

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At an event to mark the launch of the new KTN on 20th October 2009, Sir Win Bischoff (Chairman of Lloyds Banking Group, above left) addressed some of the most senior and influential figures in financial services, academics and partner organisations. He congratulated FS-Net for winning the bid to set up this KTN and called for greater and more focussed partnership between and amongst these communities leading to significant progress in supporting and protecting the future prominence of the UK's international financial services industries.

The Financial Services KTN is a new programme whose aim is to identify and address the major challenges facing the UK Financial Services industry. This initiative, supported by industry sponsorship, The Technology Strategy Board, ESRC and NERC, brings together the worlds of finance and academia to create practical solutions to financial challenges. CFC is a key delivery partner in the new collaboration, leading a dynamic network of partners which includes universities, networking organisations and industry bodies such as the Association of British Insurers, the Actuarial Profession and the Chartered Insurance Institute.

The new KTN has substantive support from across industry and academia and was welcomed by Sir Peter Middleton and Professor David Rhind:

Sir Peter Middleton, Chancellor of the University of Sheffield, President of the BBA, and ex-Group Chairman of Barclays, said: "We need to stimulate debate and facilitate collaborative working with academia, government and business. Practical and inclusive approaches like this will be instrumental in moving this forward."

Professor David Rhind CBE FRS FBA, Chairman, Royal Society Hidden Wealth Report Working Group added: “The recent Royal Society study into the role of science in the services sector showed we can do much better by bringing together those at the cutting edge in universities with senior players in service businesses. In particular, there has been a serious disconnect between these two groups in parts of the financial services - to our great detriment. So I very warmly welcome the initiative of the Technology Strategy Board and its partners in creating a Financial Services Sector Knowledge Transfer network.”

The Financial Services KTN can be reached at this link.