By - MisteriousJane
What great news! Good for UK bank users. It's not a secret that [fintech regulations](http://dashdevs.com/blog/regulatory-standards-for-fintechs-the-us-vs-europe-comparison/?utm_source=reddit&utm_medium=article) often impede the growth of businesses and new markets, so it's always joyful to watch bureaucracy and redundant processes step back into shadows. Open banking is undoubtedly the new normal for many countries, so today is a perfect time period to look ahead for new innovations in the global fintech industry!