The UK now has one of the largest concentrations of emergent FinTech companies in the world. Innovation and investment can been seen among start-ups, innovation incubators financed or sponsored by banks, and governmental programmes to encourage FinTech development. Its importance is driven by both the desire from consumers for speed and security as well as a thirst from the traditional financial sector for greater efficiency and new ways to provide financial services. It has the potential to revolutionise customer experience (e.g. mobile banking platforms), to introduce new products and services (such as payment services and peer to peer lending), and to transform financial business models, for instance through the use of block chain technology. However, a number of questions remain. Should FinTech be regulated differently to the rest of the financial services sector, and is the UK regulator is doing enough to support the innovation (and therefore disruption) brought by FinTech?

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