Financial Regulation Innovation Lab

The Financial Regulation Innovation Lab (FRIL) is an industry-led collaborative research and innovation programme focused on leveraging new technologies to respond to, shape, and help evolve the future regulatory landscape in the UK and globally. It aims to create new employment and business opportunities and enable future talent. FRIL provides an environment for participants to engage and collaborate on the dynamic demands of financial regulation, explore, test, and experiment with new technologies, build confidence in solutions, and demonstrate their ability to meet regulatory standards worldwide.

On this page:

Innovation

Innovation Calls

Innovation Calls

As part of its programme, FRIL has launched a series of industry-led calls. These bring together financial institutions and innovators from across the fintech community and beyond to develop new solutions to key financial regulatory challenges.

  • AI and compliance – Utilising emerging technologies to simplify compliance process and monitoring.
  • Consumer Duty – Supporting consumer duty obligations and enhancing financial inclusion outcomes.
  • Financial Crime
- Addressing future challenges of financial crime.
  • ESG
- Meeting new regulatory requirements, leveraging new data and new technologies.

 

Get involved

Latest Financial regulation Case studies

Fintech firms
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07 March 2025

Discover Agentic Workflows, the fintech revolutionising productivity with AI

6 months’ worth of work, completed in under 5 minutes, for less than 1 pence. It’s a bold claim from …
Regulation
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12 October 2018

A journey through the FCA regulatory sandbox

The Financial Conduct Authority (FCA)’s regulatory sandbox has now been in place for two years, and has continued to draw …
Regulation
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05 October 2018

FCA consultations on Innovation PSD2

Article written by Nicola Anderson, Senior Manager Retail Banking Supervision at the FCA. Nicola just joined FinTech Scotland on a …

Research

Applied Research

Applied Research

FRIL integrates academic research with an industry relevant agenda, focused on enabling knowledge on cutting-edge topics such as generative and explainable AI, advanced analytics, advanced computing, and earth-intelligent data as applied to financial regulation. The approach fosters cross sector learning to produce a series of papers, actionable recommendations and strategic plans that can be tested in the innovation environment, in collaboration across industry and regulators.

Applied research is realised through:

  • Clearly framing complex problems
  • Identifying new perspectives and discovering new insights
  • Creating a framework for solutions and highlighting potential industry applications
  • Utilising testing environments that enable further collaboration and understanding

Latest Financial regulation White papers

Regulation
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02 April 2025

Sustainable Financial Products and UK Pension Schemes

Sustainable financial products have gained significant traction in the financial world as climate change and social responsibility concerns continue to …
Regulation
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02 April 2025

Strategic Foresight in FinTech: Harnessing Scenario Planning for Future Readiness

Strategic foresight is an essential approach for anticipating and preparing for potential developments in a rapidly evolving ecosystem. This white …
Regulation
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02 April 2025

Simplifying Compliance: The Role of AI and RegTech

The Financial Regulation Innovation Lab (FRIL) is dedicated to simplifying compliance through emerging technologies, with Artificial Intelligence (AI) representing the …

Skills

Skills Development

Skills Development

The lab designs and implement an industry relevant skills and education programme tailored to needs of professionals in regulatory risk and compliance. It focusses on emerging technologies and how these technologies are applied in financial services.

The programme provides:

  • Inspiring and challenging courses aimed at bridging the skill gaps
  • Access to high-quality resources and guest lectures from across the industry.

Knowledge

Knowledge exchange

Knowledge exchange

FRIL facilitates collaboration and knowledge exchange around the topic of innovation in financial regulation through a series of industry engagement actions, including:

  • Insightful communications on innovation impacting regulation
  • Workshops and discussion forums bringing together diverse participants embracing regulation innovation
  • Roundtables to develop specific financial regulation innovation themes
  • Innovation demonstration events, exploring potential partnerships for specific innovations
  • International engagement activities to learn from global innovation developments

Upcoming Financial regulation events

Financial regulation fintechs

Malted AI

Edinburgh
Institutional tool

OneSpan

Fife
Cyber Security

Intelgard

Glasgow
RegTech

Latest Financial regulation News

Regulation
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03 April 2025

Innovation Accelerator Fuels Glasgow City Region’s Fintech Future: Driving Growth, Jobs, and Global Leadership

The Centre of Innovation for Financial Regulation, known as the Financial Regulation Innovation Lab (FRIL), is shaping the future of …
Announcement
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25 February 2025

Equifax UK and CienDos Partner to Revolutionise Financed Emissions Reporting

FinTech Scotland’s strategic partner Equifax UK has partnered with Scottish fintech CienDos to launch the Financed Emissions Calculator™, a game-changing …
Announcement
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20 February 2025

FinTech companies awarded £250,000 to accelerate new developments that drive good consumer outcomes

Five fintech firms have each been awarded £50,000 to propel developments that support financial inclusion, accelerate financial resilience and deepen …