FCA speech on financial inclusion

Speaking on 29 September 2023, Nikhil Rathi, the Chief Executive of the FCA, emphasised the regulator’s commitment to financial inclusion - defined as individuals, regardless of their background or income, having access to useful and affordable financial products and services - and the need for a new Enlightenment to bring more solutions to customers. The FCA is ready to regulate new products such as Buy-Now Pay-Later and to scrutinise the outcomes that artificial intelligence (AI) will have on inclusion.