FCA Selects Nine Firms to Run Pilot as Part of Green FinTech Challenge

Applicants were asked to provide information about their idea, what they would like from FCA, and how they think they meet the eligibility criteria. FCA received 22 applications to the Green FinTech Challenge, out of which nine firms have been accepted and will receive support across the range of services of FCA Innovate. The challenge was open to start-ups, incumbents, and technology providers meeting the eligibility criteria of assisting in the transition to a greener economy, benefiting UK markets and consumers, and having the need for Innovate services. Successful applicants will benefit from a range of services, which include:

• The Regulatory Sandbox
• Direct Support
• The Advice Unit
• Bespoke Green Finance cohort engagement

Related Links

• Notification
• Speech of Christopher Woolard
• FCA Discussion Paper on Green Finance

Keywords: Europe, UK, Banking, Insurance, Securities, Fintech, Climate Change Risks, Green Fintech Challenge, Project Innovate, ESG, FCA