Reuters: UK to launch fast-track licensing for fintech startups
Photo by Christian Wiediger on Unsplash
Britain is introducing a fast-track licensing regime to expedite the launch of financial services startups, allowing them to begin operating during their authorization process. This initiative is intended to boost fintech growth by reducing obstacles for new businesses entering the market and reinforce the UK's status as a prominent fintech hub.
Key takeaways
- Britain is set to launch a fast-track licensing regime to accelerate the launch of financial services startups
- This initiative enables firms to commence operations while undergoing the full authorization process
- Designed to stimulate fintech growth, the streamlined regulatory pathway lowers barriers for new market entrants
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