FCA Chief Executive, Nikhil Rathi, Updates on UK Fintech

Chief Executive of the UK Financial Conduct Authority (FCA), delivered a speech yesterday during a presentation at UK Fintech Week. Entitled, Levelling the playing field – Rathi provided perspective on innovation in financial services. He said that in 2019, Fintech revenue rose to £11 billion, nearly doubling in the past four years. Rathi noted that since the beginning of 2021, over $1 billion worth of investment capital went into the UK Fintech sector – a significant amount.