On 24 August 2022, the FCA launched a new webpage announcing that it has launched a diversity, equity and inclusion (DEI) spotlight initiative. The initiative aims to encourage firms developing innovative products, focused in the DEI space, to work with the FCA’s innovation services.

The FCA is mindful that the financial wellbeing of consumers has been impacted by current economic pressures and that FinTech has an important role to play in driving financial inclusion.  In particular, the FCA is asking for firms wanting to launch an innovative product or service that focuses on the fair treatment of consumers, vulnerability, and the new Consumer Duty, to work with its innovation services.