The move follows HM Treasury‘s Economic Secretary welcoming the initiative at the Fintech as a Force for Good conference in London the previous week, underlining a degree of government alignment that CFIT has been careful to cultivate since receiving Treasury funding to take the project forward.

The coalition’s origins lie in Project Nemo, a not-for-profit founded by Joanne Dewar and Kris Foster that spent more than two years building the evidence base for disability inclusion in financial services. Nationwide led a significant research publication through that initiative, identifying a structural gap: for people with learning disabilities or other conditions requiring assistance with day-to-day spending, the current system offers no practical midpoint. The choice, in effect, is between informal workarounds such as sharing cards, PINs and online banking credentials, or triggering disproportionately heavy legal arrangements designed for more serious incapacity.

CFIT launched the coalition formally at Money20/20 Europe in June 2026, and the addition of three of the UK’s largest retail banks gives it the institutional weight needed to move from research into implementation.

Anna Wallace, chief executive of CFIT, said: “For too many people, getting help to manage their money still means giving up more control than they should have to. Tackling that challenge requires coordinated action across the industry. CFIT is here to do exactly that: marshal the expertise, commitment and resources needed to move beyond recognising the problem to developing and testing practical solutions that deliver meaningful change.”

Through the remainder of 2026, coalition participants will run focused sprints across two workstreams.

Source link