UK regulation of financial innovations and fintech

Copyright © 2025 LexisNexis
Published by a LexisNexis Financial Services expert
Practice notes

UK regulation of financial innovations and fintech

Copyright © 2025 LexisNexis

Published by a LexisNexis Financial Services expert

Practice notes
imgtext

Scope of this Practice Note

This Practice Note examines strategies implemented by the UK government and financial regulators (in particular, the Financial Conduct Authority (FCA), the Bank of England (BoE) (including the Prudential Regulation Authority (PRA) and the Payment Systems Regulator (PSR)) to encourage innovation in the UK financial technology (Fintech) market in a well regulated manner. It provides an overview of the most prevalent financial innovations; the current status of the fintech industry and successes so far; the future prospects for, and the associated risks in financial innovation; and the regulatory approach to encourage the development of, and investment in the fintech industry. Finally, it looks at the role that financial regulators play with regard to the rising use of artificial intelligence (AI).

Fintech encompasses a wide range of financial services and products that intersect with technology. These include crowdfunding platforms such as peer-to-peer lending, online payments and credit services, digital wallets and e-money, automated or robo investment advice, AI, big data analytics, blockchain and cryptoassets. While these products and services are all different,

Powered by Lexis+®
Jurisdiction(s):
United Kingdom
Related legal acts:
Key definition:
Fintech definition
What does Fintech mean?

A wide range of activities in which companies use technology to make financial services, enable financial services or drive technological innovation of financial services. This could be in the areas of banking, insurance, investing and can be in relation to both retail and corporate markets.

Read more readmore

Popular documents

Priority between loss reliefs in loss making companies

Priority between loss reliefs in loss making companiesWhy does it matter?A company that is a member of a group and has incurred any of the types of losses available for surrender by way of group relief may, without any further rules, have more than one way in which to use the loss. There are a

If a rentcharge is shown as being informally exonerated on title information, does this apply to the

If a rentcharge is shown as being informally exonerated on title information, does this apply to the current registered owner? Or does the informal exoneration only apply to the parties to the document which informally exonerated the rentcharge?This Q&A considers the situation where, at some

Strike out—making an application to strike out a statement of case

Strike out—making an application to strike out a statement of caseA strike out order can be made either following an application by the parties or on the court's own initiative. This Practice Note deals with the scenario of the order being made following a party's application.Making an application

Can shares in a limited company that have not been paid-up at all be cancelled?

Can shares in a limited company that have not been paid-up at all be cancelled?A limited company having a share capital may not alter that share capital, except in the ways listed in section 617 of the Companies Act 2006 (CA 2006). Shares in a company cannot simply be cancelled without following an