The UK has everything you need to start a great tech business: world-class universities, fantastic talent and plentiful early-stage funding. Scaling those businesses through the latter stages of private funding and beyond can be more challenging.
That’s true even where the nation is a genuine world leader, such as fintech. To this day large-scale UK fintech companies capable of meaningfully challenging the incumbents remain thin on the ground.
So how can we make sure great new fintechs become outstanding major businesses?
The regulator, working closely with industry, can help. Not many of its peers could make this boast, but the FCA is partly responsible for the success of earlier-stage fintechs.
Its pioneering approach to embracing new technologies and operating models, and to working transparently with businesses, has led directly to the launch of products and companies in the UK, creating huge value....
