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UK office to work with digital watchdogs to cut fintech AI red tape

( July 1, 2025, 16:21 GMT | Official Statement) -- MLex Summary: The UK fintech sector is set to benefit from a new partnership between the Regulatory Innovation Office and the Digital Regulation Cooperation Forum. The collaboration will bring “one-stop shop” access to all the guidance digital firms and fintech companies could need, such as on AI. There will be new, as yet unspecified, tools for firms as part of the government’s plans for economic growth and regulators’ responsibilities to promote growth. The DRCF is made up of the regulators covering digital and AI across competition, data protection, financial services and communications. The RIO is a government body which aims to reduce regulatory hurdles to innovation. Statement follows:...

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