Jessica Rusu, the FCA’s Chief Data, Information and Intelligence Officer, recently emphasized the crucial role of technology and innovation in the future of finance. She made this statement at the Travers Smith’s Future of Fintech 2025 conference, amid a significant regulatory evolution. This evolution, as highlighted by the conference invitation, aims to keep up with the rapidly changing financial landscape.
In a key role, Rusu leads the evolution within the FCA. She stressed the need for a regulatory environment that encourages growth and innovation during the conference. This approach is a break from traditional regulatory methods, often viewed as obstacles to progress.
Rusu’s role significantly influences the future of fintech and its regulation. She acknowledges the importance of technology and innovation for industry growth and success, acting as catalysts for change in the financial sector. Nevertheless, these changes also present new challenges that regulators must address.
Riding the Fintech Innovation Wave
The Future of Fintech 2025 conference took place at Merchant Taylors’ Hall, attracting industry leaders and innovators. It provided a platform for discussing the industry’s future and its flourishing in a regulatory environment. Rusu’s speech was notable, highlighting the importance of regulation in promoting industry growth and longevity.
Rusu believes it’s not just about keeping up with innovation, but promoting it. The role of the regulator must evolve from being a gatekeeper to a facilitator. This change requires a framework that supports and encourages innovation, not just supervises it.
Data is a significant part of this conversation. As the chief data officer, Rusu understands the importance of data in driving innovation. She stressed the need for regulations that allow data sharing and usage while ensuring privacy and security. Achieving this balance is crucial for the future growth of fintech.
Looking forward, collaboration between regulators and the fintech industry is crucial to creating an environment conducive to progress. Jessica Rusu’s comments at the Future of Fintech 2025 conference highlight this need, emphasizing the role of regulation in promoting industry growth and innovation.
