Chancellor of the Exchequer Rishi Sunak has unveiled a number of new plans, in conjunction with the regulator, in a bid to boost the presence of fintech firms in the UK.
Speaking at Fintech Week on Monday (19 April), Sunak confirmed that the Financial Conduct Authority (FCA) will launch a ‘scale box' to support fintech firms. This box is a package of measures Sunak hopes will enhance the FCA's original regulatory sandbox. In November last year, the regulator launched its eighth such sandbox by collaborating with The City of London in a bid to help firms tackle challenges caused by the pandemic. Addressing delegates, Sunak also said that the regulator is set to launch the second phase of its digital sandbox to help firms test concepts that tackle susta...
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