Fintech is definitely an area that has seen real growth in the UK and London. The UK/London environment and government support for Startups and small companies is exactly what fosters innovation. One area of concern that underpins most startups in FinTech has been Regulation and Banking (especially for Digital Currencies companies). Regulation initiatives like the FCA Sandbox are perfect for collaborating with the startups allowing them to have some solid ground and protection to work from. Sadly, the same can’t be said for UK Banking. We cannot blame the banks entirely though. Arguably the banks are afraid of innovation (because they find it hard to innovate themselves) and the competition that it brings. We could suggest an inquiry into why banks don’t allow some firms to open up bank accounts out of fear of competition however the real issue lies in regulation. Regulatory concern hampers the incumbents stopping them from allowing startups to open bank accounts. This forces the startups (therefore people, talent and taxes) to move offshore in order to operate. So is Fintech in the UK really world-leading? When can a Digital Currency company open up a bank account in the UK? How can the government support the incumbents and the startups alike to really foster innovation and keep it here in the UK?