Multiply’s financial advice app wins FCA approval
The free service is the UK’s first fully regulated, automated advice provider.
FCA
Video: fintech news weekly round-up – 18 June 2019
This week, the FCA makes a return with pro-consumer rules!
Top fintech stories this week – 14 June 2019
This week, we look at the FCA’s new rules, SoftBank’s investment, and the World Bank’s new tech.
FCA tackles overdraft rules on new consultation paper
It proposes more transparency for better customer experience.
CSSF warns UK fintechs about onsite visits
As part of its Brexit preparations, UK fintechs and payment services must also prepare for visits from the CSSF.
Top fintech stories this week – 7 June 2019
The FCA introduces new rules for P2P platforms, while Tink secures investment from PayPal, and more!
FCA introduces new rules for P2P platforms
P2P platforms must implement changes by 9 December 2019, but the application of MCOB is immediate.
Raphaels fined £1.9m by FCA and PRA for outsourcing mismanagement
The bank didn’t properly manage the outsourcing of payment services.
Top fintech stories this week – 24 May 2019
TransferWise just became even bigger, Nuvei Bidco acquires SafeCharge, and more!
Investors lost over £27m to crypto and forex scams last year
The FCA and Action Fraud aim to raise awareness of investment fraudsters.
GFIN selects eight firms for cross-border testing pilot
Next step is to develop suitable testing plans.
Standard Chartered fined $1.1bn for bad AML and sanctions breach
Both US and UK regulators have imposed large penalties.
Goldman Sachs fined £34.3m for misreporting transactions
FCA found the firm made 220.2m errors.
FCA seeks to address mortgage switch difficulties
To free mortgage prisoners from bad loan assessment processes.
UBS bank fined £28m by FCA for misreporting transactions
This comes on the back of a series of penalties in the past few months.
FCA urges end to exit fees on investment platforms
UK’s Financial Conduct Authority calls for feedback and more competition.
UK crypto consumers completely clueless
FCA reveals findings from first cryptoassets research.
UK fintech regulator puts bigger fines on the menu
FCA confirms increase in Financial Ombudsman Service award limit.
UK banking data reveals eruption of disruption
Last year was arguably not a good one for banking across the nation.
FCA shows iron fist for anti-competition in asset management
Three firms have been declared in breach of the UK authority’s regulation.
FCA appoints new chair for Financial Services Consumer Panel
Wanda Goldwag will start role from 1 March 2019.
UK regulator urges vigilance over investment scams
Last year was a shocker. Action Fraud reveals over £197 million of reported losses.
FCA answers calls for cryptoasset clarity
UK’s Financial Conduct Authority goes consulting again.
UK’s Financial Conduct Authority deepens Brexit prep
Wants feedback on financial services contracts regime and securitisation repositories.
Top ten wealthtech stories in 2018
Witness the wonders of the wealthtech world for free!
Top fintech stories this week – 30 November 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
UK fintech is slow runner in cyber defence race
Financial Conduct Authority evokes movie magic and urges need for speed.
Top fintech stories this week – 23 November 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
FCA’s crypto force looking into limiting exchange tokens
It used the word “prohibition”!
CreditLadder receives FCA approval for payments
As well as approval for account information services.
FCA moves to cloud with Sopra Steria
A long-standing collaboration just got cloud-ier.
UK regulator launches Green Fintech Challenge
Aimed at firms developing green solutions that need regulatory support to bring their proposition to market.
Top fintech stories this week – 5 October 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
FCA fines Tesco Bank £16.4m for failures in 2016 cyberattack
Regulator cites deficiencies in debit card design and lack of care.
The rise of regtech
A head of steam is building around regtech, driven by the confluence of interest from regulators, banks and fintechs.
UK regulators unleash new insurer start-up unit
Will help firms apply and get authorised for insurtech action.
FCA and CMA demand transparency in banking service quality
Asking banks to publish customer ratings.
Regulator syndicate unleashes Global Financial Innovation Network
Builds on UK regulator’s plan to create a global sandbox.
UK regulator wants end to payments conduct unbecoming
FCA wants to improve conduct standards and communications in paytech.
UK regulator clamps down on crowdfunding
Financial Conduct Authority proposes changes to rules and calls for feedback.
