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Discover all the Company news on FCA and other articles related to FCA in The Paypers News, Reports, and insights on the payments and fintech industry:

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FCA imposes restrictions on AstroPay

News | Digital Identity, Security & Online Fraud | 13 Jun 2024

The FCA has imposed restrictions on AstroPay preventing it from providing payment services or accepting new customer funds without prior written approval.

compliance, regulation, EMI licence, fintech, fraud prevention

Citi fined GBP 61.6 million by UK regulators

News | Digital Identity, Security & Online Fraud | 23 May 2024

Citi has been fined GBP 61.6 million by the PRA and FCA UK regulators for control failings in its trading operations from April 2018 to May 2022. 

regulation, fraud management, fraud detection, fraud prevention, online fraud

FCA approves UK listing for crypto ETNs

News | Cryptocurrencies | 12 Mar 2024

The UK's FCA has announced its stance on requests from Recognised Investment Exchanges to establish a market segment for crypto ETNs.

cryptocurrency, regulation, digital assets, financial services

Crypto and fintech groups faced unprecedented fines in 2023

News | Cryptocurrencies | 09 Jan 2024

Global authorities have issued fines totalling USD 5.8 billion to crypto and fintech groups in 2023 in an effort to tackle illicit money flows.

cryptocurrency, fintech, regulation, compliance, AML

UK Audit Office questions FCA's oversight of cryptocurrency industry

News | Cryptocurrencies | 12 Dec 2023

The UK National Audit Office (NAO) has expressed reservations about the effectiveness of the FCA in overseeing the cryptocurrency industry.

regulation, cryptocurrency, digital assets, report

Klarna received FCA authorisation in the UK

News | Payments General | 24 Nov 2023

AI-powered payments network and shopping assistant Klarna has been authorised by the FCA to provide credit services and regulated payments in the region of the UK.

certification, payments , online payments, mobile payments, digital payments, ecommerce, credit access

Mangopay secures UK EMI licence

News | Payments General | 01 Nov 2023

Mangopay has received an EMI licence authorised by the FCA in order to deliver its services to UK customers and strengthen its presence in the region.

EMI licence, mobile payments, digital payments, online payments, ecommerce, payments

Qover secures FCA license after 7 years of activity

News | Online & Mobile Banking | 05 Sep 2023

Qover has announced that it has obtained full authorisation from the Financial Conduct Authority (FCA) after operating actively in the UK market for seven years.

mobile banking, digital banking, banking license, financial institutions, financial data

FCA sets outs new action plan for cash savings

News | Online & Mobile Banking | 02 Aug 2023

The FCA has set out an action plan on cash savings, aiming to ensure that banks communicate and pass on interest rate rises to customers appropriately.

product launch, mobile banking, online banking, digital banking, banking, financial services, financial institutions

CFIT announces Open Finance Coalition partners

News | Online & Mobile Banking | 14 Jul 2023

The Centre for Finance, Innovation and Technology (CFIT) has announced the first Open Finance Coalition partners to further Open Finance in the UK, with FCA regulatory support.

partnership, fintech, Open Finance, Open Banking, financial data, data

Ryft secures FCA licence

News | Online & Mobile Banking | 11 Apr 2023

Payments provider Ryft has secured its UK Financial Conduct Authority (FCA) licence and will begin to operate as regulated payment facilitation.

regulation, banking license, compliance, FCA, online banking, digital banking, mobile banking

Trustly announces acquisition of Ecospend with FCA approval

News | Online & Mobile Banking | 27 Jan 2023

Global payments platform for digital A2A transactions, Trustly, has announced it acquired UK-based Open Banking payments platform Ecospend, following FCA approval.

acquisition, account-to-account payment, digital banking, FCA, regulation, regulatory sandbox, online payments, bank transfer, credit card, debit card, card scheme, cross-border payments, Open Banking, Open Banking payments

LHV UK to issue SME loans

News | Payments General | 20 Dec 2022

LHV UK has started issuing small and medium enterprise (SME) loans as the Financial Conduct Authority (FCA) approved the company's Annex I financial institution registration.

SMEs, financial services, financial institutions, money laundering, regulation

The FCA fines Santander for almost GBP 108 mln

News | Digital Identity, Security & Online Fraud | 09 Dec 2022

UK’s Financial Conduct Authority (FCA) has fined Santander UK GBP 107.793.300 after it found serious and persistent gaps in its anti-money laundering (AML) controls.

fraud management, fraud detection, AML, financial crime

UK's Financial Conduct Authority warns about trading apps gamification

News | Online & Mobile Banking | 24 Nov 2022

The UK’s FCA has warned against the gamification of trading apps as these can lead to users taking on more risk and making poor investments.

gambling, FCA, regulation, trading platform, investment

Revolut eyed by UK regulators for audit flaws

News | Online & Mobile Banking | 05 Sep 2022

Europe-based digital banking platform Revolut has reportedly been under pressure from its auditors to improve internal controls after UK-based regulators found flaws in the bank’s auditing accounts.

fintech, regulation, regulatory sandbox, FCA, mobile banking, online banking, online bank, digital banking, cryptocurrency, banking license, report