We're _very_ directly involved with regulation, and with regulators :-) It's a very important part of our business, so we put a lot of effort into ensuring that we please regulators _and_ that we run our business in the way we want.
Just this morning I read an article in Bloomberg news magazine about UK regulators being avant-garde and promoting competition in banking by allowing branchless/app based banking. There was reference to Monzo as well as an example of new age bank.