Innovate Finance | Sep 30, 2022
As the industry body for UK FinTech, Innovate Finance has identified four immediate actions necessary for UK FinTech to thrive, drive growth and benefit consumers:
We encourage the rapid adoption of this legislation that will enable smarter regulation to boost competitiveness, unblock existing impediments and accelerate an extensive roll-out of open banking. This could help cut costs for SMEs and consumers and provide people with more effective tools to assess and manage their household finances. For FinTech to thrive and benefit consumers, we need proactive, quick, and intelligent regulation – not deregulation.