The FCA want to encourage firms that are developing innovative products and services to assist in the UK’s transition to a greener economy. They are, therefore, inviting start-ups, incumbents and technology providers with solutions that might include the following to enter their Green FinTech Challenge:
Supporting capital flows/investment towards green products and services
Driving efficiency in the issuance, distribution or adoption of green products
Managing climate-related risk posed to market participants
Environmental impact measurement
Delivering new green financial products
Successful applicants will get a range of benefits, not least live market testing in the FCA sandbox.
Compliancy Services can help firms prepare their application and navigate through to successful authorisation. Being part of the FCA’s Innovation Hub and/or regulatory sandbox cohort has been the start of the regulatory compliance journey for many fintech firms. This allows them to test innovative products, services, business models and delivery mechanisms in a live environment. From our experience helping firms through the sandbox and innovation hub, we know the importance of agreeing testing controls and developing robust compliance policies and procedures which are often ground-breaking.
We've helped more than 1,100 firms achieve FCA authorisation and have won awards in recognition of the efficiency, effectiveness and quality of our service.