The UK Government is taking steps to simplify regulatory compliance for fintech firms, as part of its broader effort to drive economic growth. In 2024, the fintech sector attracted $3.6 billion in investment, making it a key component of the UK’s growth strategy.

To reduce the burden of fragmented regulation, the Regulatory Innovation Office (RIO) is partnering with the Digital Regulation Cooperation Forum (DRCF) to create a centralized digital library. This resource will serve as a single access point for digital policies and regulations, helping fintechs—particularly smaller firms without large compliance teams—better navigate complex rules.

Technology Secretary Peter Kyle said the current regulatory environment slows innovation, delays the delivery of safer financial products to market, and discourages investment. The new initiative aims to streamline this process, making it easier for innovators to comply and grow.