‘RegTech’: Regulation of the Fintech sector
June 25, 2015 - Regulatory Updates
The UK is fast becoming one of the main world’s centres for the FinTech revolution. Recognising the importance of the sector for the country, the UK Government, along with the financial regulators, FCA and PRA, are working with FinTech firms in order to bring increased competition and financial innovation to the regulated financial services markets. The FCA has launched ‘Project Innovate’ with the sole aim of working with firms in this new space and to ensure that the UK remains at the forefront of this exciting new sector.
For FinTech companies, financial compliance and regulation can on the surface appear as a ‘show stopper’ or at least as a significant hindrance to their fast growth strategies. FinTech companies urgently require expert regulatory solutions to enable them to continue rapid growth not despite, but within the regulatory framework. As a response to this emerging trend our team at Lawson Conner, who have devised regulatory solutions for FinTech firms since 2012, have now launched FinTech Innovator Programme 'FinTechPLUS'. The programme was designed as a comprehensive suite of tools and solutions to help FinTech startups launch their new businesses in full integration with the relevant regulatory FCA frameworks. This will enable FinTech firms to operate compliantly from day one.
For more information on FinTech regulation please contact Andrew Frost on +44 (0) 203 696 2568 or via email at firstname.lastname@example.org