Bank of England names first fintech cohort for scale-up regulator

cityam

Feb 03

Reeves touted the new scale-up unit as a boost for fintech. The Bank of England has named the first handful of UK fintech talent which will be overseen by the new regulatory ‘Scale-Up’ unit.Small ...

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The Bank of England has named the first handful of UK fintech talent which will be overseen by the new regulatory ‘Scale-Up’ unit.Small ...</p>\n\n<a href=\"https://www.cityam.com/bank-of-england-names-first-fintech-cohort-for-scale-up-regulator/\">Source Link</a>\n\n</div>\n","source":"cityam_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bank of England names first fintech cohort for scale-up regulator</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBank of England names first fintech cohort for scale-up regulator\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-02-03 19:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cityam.com/bank-of-england-names-first-fintech-cohort-for-scale-up-regulator/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Reeves touted the new scale-up unit as a boost for fintech. The Bank of England has named the first handful of UK fintech talent which will be overseen by the new regulatory ‘Scale-Up’ unit.Small ...</p>\n\n<a href=\"https://www.cityam.com/bank-of-england-names-first-fintech-cohort-for-scale-up-regulator/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FCA","symbol_name":"First Trust China AlphaDEX Fund","start_time":0,"source_url":"https://www.cityam.com/bank-of-england-names-first-fintech-cohort-for-scale-up-regulator/","article_id":"2608879319","we_media_id":null,"thumbnails":["https://www.cityam.com/wp-content/uploads/2026/02/reevesbank.jpeg?w=286&h=161&crop=1"],"rights":{"source":"cityam_highlight","url":"https://www.cityam.com/bank-of-england-names-first-fintech-cohort-for-scale-up-regulator/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2608879319","pubTimestamp":1770118528,"columns":[],"sourceInfo":{"source_id":"cityam_highlight","name":"cityam"},"weMediaInfo":null,"summary":"Reeves touted the new scale-up unit as a boost for fintech. The Bank of England has named the first handful of UK fintech talent which will be overseen by the new regulatory ‘Scale-Up’ unit.Small business lenders OakNorth and Allica Bank – which was named the fastest-growing fintech ever by Deloitte – were listed as two of the firms that had been accepted into the first cohort. They will be joined by banking-as-a-service provider Clearbank, neobank unicorn Zopa and mass-affluent focused Monument Bank – a firm speculated to be flirting with a US listing.Rounding off the first cohort is Nottingham Building Society, which has been a vocal critic of the government’s cash Isa reforms branding the Budget’s allowance cut to 12,000 “deeply disappointing”.The Scale-Up unit was touted by the Treasury “supercharge” the growth of innovative fintech firms and is framed as a joint venture between the Financial Conduct Authority  and the Prudential Regulation Authority .","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"FCA":"First Trust China AlphaDEX Fund","BK4107":"财产与意外伤害保险","PRA":"ProAssurance Corp"},"translate_title":"英格兰银行任命第一批金融科技团队为扩大监管机构","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PRA":1,"FCA":1},"content_text":"Reeves touted the new scale-up unit as a boost for fintech. The Bank of England has named the first handful of UK fintech talent which will be overseen by the new regulatory ‘Scale-Up’ unit.Small business lenders OakNorth and Allica Bank – which was named the fastest-growing fintech ever by Deloitte – were listed as two of the firms that had been accepted into the first cohort. They will be joined by banking-as-a-service provider Clearbank, neobank unicorn Zopa and mass-affluent focused Monument Bank – a firm speculated to be flirting with a US listing.Rounding off the first cohort is Nottingham Building Society, which has been a vocal critic of the government’s cash Isa reforms branding the Budget’s allowance cut to £12,000 “deeply disappointing”.\n\nThe Scale-Up unit was touted by the Treasury “supercharge” the growth of innovative fintech firms and is framed as a joint venture between the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA).\n\n\n\n\n\n\nNews Updates\nStay ahead with our three daily briefings delivering all the key market moves, top business and political stories, and incisive analysis straight to your inbox.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nThe unit was first trailed in Rachel Reeves’ Financial Services Growth and Competitiveness Summit where the Chancellor attempted to make swings to support the fintech sector.“Done well, the Scale-Up Unit can support the government’s objective to make the UK the location of choice for financial services firms to invest, innovate and grow,” said Richard Davies, chief executive of Allica Bank.Meanwhile, Mark Fairless, boss of Clearbank, said: “This new Unit will help ClearBank to accelerate progress on critical initiatives that support our clients and the wider financial services sector in the UK.”","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}