UK bids to cut red tape for fintech firms
0
Last year, the UK's burgeoning fintech sector attracted $3.6 billion in investment, representing a key pillar in the Government's go-for-growth strategy.
Technology secretary Peter Kyle says fragmented rules and regulatory complexity slow down innovation, delay safer financial products reaching the public, and deter investment.
The collaborative work between the RIO and DRCF will lead to creation of as unified digital library providing 'one stop' access to digital policy and regulations for innovators.
Kyle says the initiative will better help fintech firms navigate through the maze of regulations, noting that this could be especially tough for smaller companies, who often don't have teams of compliance experts on hand.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
BBC News
19 minutes ago
- BBC News
Part of Kent hit with water supply issues for third day in a row
About 500 properties in an area of Kent are still facing water supply issues for a third day in a Wednesday, South East Water said up to 3,000 customers in Whitstable, Seasalter and surrounding areas had no water or low pressure due to the recent company says there are still hundreds of homes in the area facing "intermittent supply".Nick Bell, incident manager at South East Water, said: "We're unable to confirm at this stage when supplies will be fully restored to all customers, but we're working hard to address this as soon as possible." The company has been using four tankers to inject water directly into its network and this has helped restore supplies to some customers in the South East Water is still trying to remove trapped air from its pipes, which is preventing water from reaching all its users."This takes time to remove airlocks and get water flowing through the pipes again," Mr Bell said.A bottled water station is reopening at Sainsbury's in Reeves Way in Chestfield and the company is delivering bottled water to customers in the impacted areas, including those on its priority services register. Earlier in the week the company issued an urgent appeal to residents in the South East to reduce their water usage.
The Sun
21 minutes ago
- The Sun
France vs England – Women's Euros: Get up to £40 free bets to spend on football with talkSPORT BET
ENGLAND kickstart their European Championships defence when facing France on Saturday. And brand new talkSPORT BET customers can claim up to £40 in free bets when they register an account and stake at least £20 on the showdown. How to claim talkSPORT BET offer talkSPORT BET Visit the talkSPORT website HERE* Create an account and Opt In to this promotion via the OFFERS tab Make a deposit Place your first bet up to £40, minimum £20, on any football market, at odds of Evens or greater You must do this within 7 days of registration Once that's settled - win or lose - your account will be credited with up to £40 free bets based on your first bet For example, if you stake £20, you will receive 4 x £5 free bets If you stake £40 you would receive the full 4 x £10 free bets talkSPORT BET: Get up to £40 in free bets - Claim Here* What's the offer? Brand new talkSPORT BET customers can claim a welcome bonus of up to £40 when they register an account. How to claim? Simply visit the talkSPORT BET website on your mobile device and create an account. Opt in to this promotion via the OFFERS tab and then make a deposit via debit card or Apple Pay. Stake £20 or more on any football market at odds of at least Evens. Remember, you must do this within 7 days of opening your account. What happens next? Once that's settled - win or lose - your account will be credited with up to £40 free bets based on your first bet bet. For example, if you stake £20, you will receive 4 x £5 free bets. If you stake £40 you would receive the full 4 x £10 free bets: On settlement of your qualifying bet, your account will be credited with the following: £10 free bet - Bet Builder (if your qualifying bet is £20, you will only receive a £5 free bet) £10 free bet - Correct Score (if your qualifying bet is £20, you will only receive a £5 free bet) And the following free bets, which will be credited 24 hours after the first bonus funds: £10 free bet - To Win and Both Team to Score - 90 mins (if your qualifying bet is £20, you will only receive a £5 free bet) £10 free bet - Acca 4+ selection (if your qualifying bet is £20, you will only receive a £5 free bet) You can read the full breakdown of free bets and more on how to claim talkSPORT BET's welcome offer here* *18+ New customers only. Opt in via mobile device, bet up to £40 (min. £20) on any football market at odds of 2.00+, in 7 days. Get up to £40 in free bets on selected markets. Bonuses expire in 7 days. T&Cs apply. | Please gamble responsibly Remember to gamble responsibly A responsible gambler is someone who: Read our guide on responsible gambling practices. For help with a gambling problem, call the National Gambling Helpline on 0808 8020 133 or go to to be excluded from all UK-regulated gambling websites.
Top Gear
26 minutes ago
- Top Gear
What is a range extender? And can I buy an aftermarket one?
Top Gear Advice A battery-electric vehicle (BEV) powered by electrons and fossil fuels. Wait, what? Skip 1 photos in the image carousel and continue reading Not something that makes your wifi powerful enough for the whole street to abuse, but a battery-electric vehicle (BEV) paired up with... fossil fuels. Wait, what? How the heck does that work? Because the electric motor drives the axle from a battery, this is an electric car. But there's an on-board petrol-drinking generator that can recharge the battery once it's depleted, hence the 'range-extending' title. Advertisement - Page continues below Sure, both of them utilise an internal combustion engine (ICE) and electric motor, so you're right. But where the ICE drives the axle in a hybrid (whether it's 'self-charging' or a plug-in hybrid (PHEV)), the electric motor does all the work in a range extender. Semantics? Hardly. Since you're not connecting the engine to the wheels (only to the battery), carmakers can use a much simpler design – no driveshaft, no clutch, no gearbox. Plus, as it's not a geared engine, it can run with the optimal fuel efficiency and last a lot longer, too. You might like Well, triple bubble if you think about it. Not only are you driving around on delicious, earth-friendly electrons, you've also got an engine with the sweetest spot of energy-extracting efficiency to send more electrons to the battery and you're still capitalising on regenerative braking tech. Gotcha. What's the catch? You need a Scrabble board to figure out some of the titles. REX, REEV, EREV are some of the basic acronyms. REX stands for, er, Range Extender, a REEV is a 'range-extending electric vehicle', and an EREV is not a Bristolian call-to-arms even if it reads like one. It stands for 'electric range-extending vehicle'. Advertisement - Page continues below With all the engineering knowledge in all the land, you'd think a bunch of clever folk could get a few letters figured out in a similar order, eh? Anything else I should know? As the engine doesn't drive the wheels directly, there's far less vibration, so you still benefit from the quiet that is an electric vehicle. Plus, all this gubbins is far more cost-effective for manufacturers to tool up for, meaning the consumer cost of the range extender should be more attractive, too. SOLD. What cars can I buy with one of these amazing range extender set-ups? Erm, that's a bit tricky actually. The tech debuted on the Vauxhall Ampera (Chevy Volt for our US friends, and Opel Ampera to our mates on the continent). It was well-deployed in the BMW i3 (REX), and some folks living in countries with more extensive land mass than Britain have looked to mod with aftermarket, insurance-invalidating set-ups. Thank you for subscribing to our newsletter. Look out for your regular round-up of news, reviews and offers in your inbox. Get all the latest news, reviews and exclusives, direct to your inbox. The now-cancelled Ineos Fusilier was meant to have one, and Genesis intends to put one in the GV90 come 2027 (though that's not bound for UK shores just yet). VW – in collaboration with SAIC - showcased its first range-extending ID model, the SUV at Auto Shanghai 2025, but that was just a concept. With ZF creating the next-generation of range-extending powertrains after "increased demand from the industry", expect to see more Rs, Es, and Vs in model names at some point in the future. You're hunting the used car market for the odd Fisker Karma otherwise.
