Fintech could pose a threat to traditional banks in the United Kingdom, according to Bank of England Governor Mark Carney. But that doesn't mean he thinks they should be subject to tougher regulation.

In a speech Wednesday at the International Fintech Conference in Old Billingsgate Market in London, Carney discussed the “promise of fintech.”

Although fintech adds competition to the financial services industry, Carney said “just because something is new doesn't mean it should be treated differently.” “Similarly, just because it is outside the regulatory perimeter doesn't mean it needs to be brought inside,” he noted.