At Travers Smith’s Future of Fintech 2025, Jessica Rusu, Chief Data, Information and Intelligence Officer at the Financial Conduct Authority (FCA), underscored the vital role of technology and innovation in finance.
Addressing regulatory measures, Rusu noted significant summer developments in this area. Her speech, given at the esteemed Merchant Taylors’ Hall, formed part of an event spotlighting monumental shifts in fintech.
While regulations have always been critical for order and integrity in finance, new technologies necessitate their evolution. The goal now is not just maintaining order, but also finding the right balance between encouraging innovation and safeguarding consumers.
The FCA has consistently spearheaded these changes. Recognising the need to stay ahead of the curve, the regulatory body manages risks of new technologies and promotes their beneficial use.
Embracing the Future of Fintech
Rusu, as the chief data, information and intelligence officer, is pivotal in shaping the FCA’s approach towards this fast-changing landscape. Her aim is not only to regulate the present, but also to prepare for the future. This includes continually updating regulatory frameworks to match technological progress.
Additionally, the FCA is eager to use technology to boost its capabilities. Through data and analytics, the regulatory body aims to improve its efficiency and effectiveness. This tech-forward approach reflects the FCA’s dedication to embracing fintech’s future.
In summary, the FCA’s regulatory stance is clear, with a focus on growth and technology at its core. As the financial sector progresses, regulatory bodies like the FCA will be increasingly vital. The future of fintech is indeed here, and the FCA is poised to lead the way.
