“As firms grapple with ongoing and costly compliance challenges, the UK government has a critical opportunity to solidify London’s position as a premier RegTech hub. Support for the sector creates high-quality jobs while enabling all participants in the UK’s financial services and FinTech firms to access the tools they need to compete dynamically.”
The latest Z/Yen Global Financial Centres Index shows that London is making strides to reassert its dominance on the global financial stage. Investing in RegTech could be the key to securing the UK’s position as a leader in financial innovation.
Ahead of the Chancellor’s Spring Statement, Laurent-Olivier Labeis (Leo) spoke with IBS Intelligence on how the UK must seize the opportunity in RegTech as global competition heats ups.
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