The Centre of Innovation for Financial Regulation
The £3.4m Centre of Innovation for Financial Regulation enhances regulatory efficiency, risk management, and economic growth. It drives FinTech innovation, job creation, and productivity in Glasgow City Region, supporting scalable compliance solutions and skills development.
Project Overview
The Centre of Innovation for Financial Regulation initiative has created a new collaborative centre of excellence, focused on innovation in financial regulation. Through new technologies they have accelerated regulatory efficiencies, revolutionised risk management and shaped future financial regulatory developments.
The £3.4m funded project between the universities of Strathclyde and Glasgow and FinTech Scotland has enabled the establishment of a Centre for Financial Regulation to promote economic growth, job creation, productivity gains, and innovation capability in the FinTech and Financial Services sector.
The project has engaged researchers to investigate and evaluate how companies and regulators can better plan, implement and scale innovation in regulation and compliance for FinTech and Financial Services sectors as focused on Glasgow City Region. The research is part of an overall programme that addresses Innovate UK’s innovation accelerator challenge to city regions. Combined with associated training in skills and education, this research addresses productivity and employment gains as the FinTech and Financial Services sector or ecosystem embeds itself in the City Region.