Fine tuning Fintech
The rapidly growing fintech sector is catching the attention of regulators. The last two years have seen an increasing number of financial regulators reviewing and adjusting their regulatory frameworks to catalyse fintech development.
The UK has been leading the race in creating a progressive Fintech regulatory framework. UK policymakers, known for a mix of fintech-friendly measures, have been exceptionally responsive to technology innovations in this booming sector.
Early in 2014, the Financial Conduct Authority (FCA) launched Project Innovate, an umbrella initiative that provides fintech startups with direct support