1st March 2018
Ed Lascelles, head of technology investment at Albion Capital, commented on the FCA/CFTC collaboration to support innovative Fintech entrepreneurs.
“The UK is home to a range of dynamic and pioneering Fintech businesses, driven by entrepreneurs whose solutions have the scope to become industry-leading with the correct support.
“Regulation often drives behaviour and opportunity, especially in the world of fintech. You can look at ‘open banking’ regulations that are being introduced in the UK as an example of this, requiring Britain’s nine biggest banks to share data to make it easier to compare services as well as change banks – and sparking a technology race that is being led by innovative new fintech firms and digital banks like Monzo and Money Dashboard. Collaboration between regulators only goes to expand the pool, thus leading to more opportunities in this case for companies either side of the Atlantic.