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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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Salad Money secures Open Banking licence in the UK

News | Online & Mobile Banking | 12 Dec 2024

Salad Money has secured an Open Banking licence from the UK’s Financial Conduct Authority (FCA), marking a first for a consumer Community Development Financial Institution (CDFI).

licence, AISP, Open Banking

Metro Bank fined nearly GBP 17 million by FCA

News | Online & Mobile Banking | 13 Nov 2024

Metro Bank has been fined nearly GBP 17 million by the UK’s financial watchdog FCA for failings in its money-laundering controls over four years.

banking, fraud detection, fraud management, money laundering, financial services, financial institutions

FCA cracks down on finfluencers over illegal financial promotions

News | Digital Identity, Security & Online Fraud | 25 Oct 2024

Britain's Financial Conduct Authority (FCA) has interviewed 20 social media influencers to address the potential illegal promotion of financial products on social media.

regulation, financial services, financial institutions, risk management, fraud management

Pockit to acquire Monese

News | Online & Mobile Banking | 10 Oct 2024

Pockit, a UK-based fintech company, has reached an agreement to acquire pan-European fintech Monese, pending regulatory approval from the Financial Conduct Authority (FCA).

acquisition, fintech, regulation, merger, credit access

FCA warns of insufficient oversight in UK AML efforts

News | Digital Identity, Security & Online Fraud | 26 Sep 2024

The FCA has raised concerns about insufficient oversight within the City of London, hindering efforts to address the flow of illicit funds through the UK.

report, AML, fraud prevention, fraud management

UK financial watchdog chair accused of whistleblower breach

News | Digital Identity, Security & Online Fraud | 27 Aug 2024

A chairman of the UK's FCA has been accused of breaching confidentiality by sharing unredacted whistleblower information, violating FCA policy.

regulation, compliance, FCA, banks

FCA to protect access to cash for consumers and SMEs

News | Payments General | 24 Jul 2024

The UK regulatory body, the Financial Conduct Authority (FCA), has confirmed a plan to further protect the right to access cash for consumers and small businesses.

 

cash management, cash, regulation, regulatory sandbox, banking, mobile banking, online banking, ATM, financial services, SMEs, payment methods

PSR, FCA look for information on further enhancing digital wallets

News | Mobile Payments | 17 Jul 2024

The Payment System Regulator (PSR) and the Financial Conduct Authority (FCA) have launched a joint call to gather additional information on Big Tech and the use of digital wallets. 

regulation, financial services, FCA, digital wallet, payment methods, online payments, mobile payments, account-to-account payment, financial inclusion, digitalisation, e-wallet, mobile money

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