UK Fintechs to Meet Regulators Amid Push for Deregulation and Incentives to Stay Listed in London

UK fintech leaders are set to meet with Treasury and Financial Conduct Authority (FCA) officials next week as part of a government effort to keep the country’s most successful fintechs listed in London. The meetings follow a recent drop to zero in applications for UK fintech banking licences in 2025, a decline that may be linked to regulatory hurdles faced by companies like Revolut, which only recently secured its UK banking licence after a five-year struggle with regulators. City Minister Lucy Rigby and FCA chief Nikhil Rathi will attend the talks, which are part of the agenda for UK Fintech Week. The government is reportedly pushing for deregulation and financial incentives to make London more attractive for fintechs, particularly as they consider public market listings. Zilch is also hosting a separate meeting with Rathi to discuss the UK’s strategy for supporting fintech international expansion. In October, UK finance minister Rachel Reeves announced that scaling banks and insurers would receive bespoke regulatory support, with plans to extend this assistance to other fintechs this year.