The Centre for Finance, Innovation and Technology (Centre for Finance, Innovation and Technology) today announced the launch of its fifth national Coalition, developed in collaboration with Project Nemo. The initiative was presented on stage at Money20/20 Europe on 4 June 2026 in Amsterdam.
The Coalition is designed to support the development of safer and more inclusive payment solutions for people who wish to live independently but require assistance managing their finances. It will focus on creating a Supported Payments framework allowing users to make everyday payments themselves, while a trusted third party provides oversight, guidance and safeguards.
The programme is funded by HM Treasury and forms part of broader efforts under the UK Financial Inclusion Strategy.
CFIT said the Coalition builds on earlier work delivered through Project Nemo, which has focused on disability inclusion across financial services. Project Nemo has worked with industry participants, charities, regulators and individuals with lived experience to identify barriers faced by people who need support with day-to-day money management.
“Nobody should be locked out of the chance to build a better future, which is why CFIT’s work is vital in helping to support people manage their money. The Government’s Financial Inclusion Strategy recognised the important contribution Project Nemo has made in highlighting how inclusive design can support greater financial independence, so that people can participate fully in the economy and manage their finances safely and confidently.”
Rachel Blake MP, Economic Secretary to the Treasury
The initiative highlights a gap between formal legal arrangements, such as Lasting Power of Attorney or Deputyship, and informal practices that are commonly used in practice, including sharing banking credentials or payment access with trusted family members or carers. These informal approaches have been associated with concerns around fraud risk, limited oversight and reduced accountability for financial institutions.
“This Coalition is about tackling a systemic gap in the financial system: today, too many people who need support managing money are forced to rely on unsafe and unscalable workarounds. By bringing together industry, regulators, government and lived experience, we have an opportunity to build practical supported payment solutions that can be implemented safely and consistently across the market. Focusing innovation on underserved consumers will ultimately help create a more inclusive, resilient and trusted financial system for everyone.”
Anna Wallace, Chief Executive of CFIT
The Coalition will initially focus on developing a trust and consent framework enabling individuals to appoint a trusted third party to assist with payments without requiring full legal arrangements such as Power of Attorney. It will also explore pilot programmes to test supported payment journeys, potentially using Open Banking infrastructure.
A workshop is scheduled for 18 June 2026 to gather input from stakeholders including financial institutions, fintech firms, regulators, charities and consumer groups. The Coalition is expected to formally begin its activities in summer 2026.
“Project Nemo began two years ago with a belief that disability inclusion and accessibility needed to move from the margins to the mainstream of financial services innovation. Since then, through our groundbreaking films, our research report with Nationwide and our codesigned app by CI&T showing what the learning disability community were looking for, we have seen the industry come together in ways we could not have imagined. By combining Project Nemo’s community-led work with CFIT’s coalition delivery model and HM Treasury support, we now have an opportunity to unlock the sticking points to providing better solutions that can make a meaningful difference to people’s everyday lives and ensure that the future of Financial Services works for everyone.”
Joanne Dewar, Co-Founder of Project Nemo
The early phase of the programme focuses primarily on people with learning disabilities, although the framework is intended to have broader applicability for individuals with dementia, mental health conditions, acquired brain injuries and other circumstances where financial support is required.
The Coalition builds on CFIT’s previous national initiatives, which have included work on Open Finance, Digital Company ID, SME access to finance and Open Property.
