Financial Regulation Innovation Lab

Driving Global Leadership in Financial Regulation Innovation

Our vision is to establish FRIL as a UK and globally recognised centre, harnessing cutting-edge technologies and Glasgow’s exceptional talent, expertise, and experience.

Financial regulation is the backbone of a stable financial services ecosystem. Yet, current practices are complex, costly, and often hinder innovation. FRIL exists to change that.

Accelerating Innovation for Financial Regulation

FRIL creates a unique collaborative environment, bringing together:

  • FinTech entrepreneurs
  • Major UK and global financial services firms
  • Regulators
  • Universities
  • Third-sector organisations

Together, we tackle regulatory challenges through innovation development and adoption, delivering outputs that will transform compliance and revolutionise financial regulation.

Driving Economic and Social Impact

FRIL makes a positive, sustainable contribution to the region by:

  • Creating high-quality jobs
  • Supporting new businesses and growth
  • Attracting inward investment

Our work also drives inclusive productivity growth, fosters FinTech innovation for the net-zero transition, promotes financial inclusion, and develops future-ready skills.

A Catalyst for Global FinTech Leadership

By leveraging Glasgow’s concentration of FinTech expertise, FRIL positions the city as a global leader in financial innovation, supporting the UK’s FinTech ambitions outlined in the HM Treasury FinTech Review (2021).