The UK's fintech sector is a huge success story, with innovation and disruptive technology challenging the hegemony of the established elite. 

This is despite existing challenges, which include funding, attracting and retaining talent in a competitive environment and validating and commercialising new concepts before the competition catches up. Perhaps the biggest challenge is the friction that can arise when innovation meets regulation, in an already heavily regulated sector. 

So, it's interesting to see some acknowledgement in the press that EU regulation can be a more about greasing the wheels of innovation and providing a more attractive environment in which fintech startups can challenge the established order.