Through our Innovation Hub we want new and established businesses, which can include both regulated and non-regulated businesses, to be able to introduce innovative financial products and services to the market.
The support we offer to businesses through the Innovation Hub includes:
- a dedicated team and contact for innovator businesses
- help for these businesses to understand the regulatory framework and how it applies to them
- assistance in preparing and making an application for authorisation, to ensure the business understands our regulatory regime and what it means for them
- a dedicated contact for up to a year after an innovator business is authorised
The Innovation Hub will identify areas where our regulatory framework needs to adapt to enable further innovation in the interests of consumers.