Fintech Insider Podcast by 11:FS

986: Insights: Getting the UK innovating again: A conversation with Colin Payne from the FCA

Aug 7, 2025
Guest
Colin Payne
Colin Payne, Head of Innovation at the FCA, brings over 25 years of expertise shaping the financial landscape. He discusses the importance of balancing creativity with compliance to foster genuine innovation in the UK fintech sector. Colin shares insights on the FCA's initiatives, like the supercharged AI sandbox, which aims to enhance regulatory responsiveness. He also emphasizes the need for strategic partnerships with tech firms and the significance of trust in navigating the evolving digital finance ecosystem, making this conversation a must-listen.
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INSIGHT

Innovation Role at FCA's Power

  • Working at a regulator while pushing innovation allows shaping the industry and government agendas.
  • It creates an open opportunity to influence and accelerate fintech advancement in collaboration with multiple stakeholders.
ANECDOTE

Colin's Early Career and Apple Innovation

  • Colin Payne shared his early career beginning as a trader and coder in the 1980s city environment.
  • He described how his innovation work at Apple, including launching the iMac in education, shaped his passion for tech-driven customer experience.
ANECDOTE

Hackathon Sparked FCA Role

  • Colin Payne attended an FCA hackathon shortly after ChatGPT launched, impressing them with his AI agent prototype.
  • This experience piqued his interest and eventually led him to join the FCA's innovation team.
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