Articles with tag like: FCA

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Crypto firms fall short on AML rules, FCA says

News | Digital Identity, Security & Online Fraud | 04 Jun 2021

The Financial Conduct Authority (FCA) has said that many cryptocurrency firms are not meeting Britain's anti-money laundering and counter-terrorism financing rules.

FCA, cryptocurrency exchange, cryptocurrency, AML, compliance

Pivot point for payments – The FCA Consultation Paper

Voice of the Industry | Digital Identity, Security & Online Fraud | 04 Jun 2021

Paul Rodgers of Vendorcom delineates the main points of the FCA Consultation Paper, commenting on the follow-ups that regard SCA and Open Banking 

SCA, ecommerce, regulation, merchants, FCA

Reporting firms moved to FCA' s new data collection platform RegData

News | Digital Identity, Security & Online Fraud | 26 May 2021

RegData has replaced Gabriel as FCA’ s data collection platform, with the last group of firms now moved across, according to FCA.

FCA, regtech, compliance, data, financial services

Buy Now, Pay Later Series II: regulations and risks

Voice of the Industry | Payments General | 26 May 2021

The second article in the Buy Now, Pay Later series outlines the regulatory context in the UK, the US, Australia and Europe, along with the risks that come with the partnerships between merchants and providers

BNPL, regulation, partnership, merchants, FCA, Afterpay, Klarna, fraud management, risk management

FCA extends deadline for Strong Customer Authentication

News | Online Payments | 21 May 2021

The FCA has announced the deadline extension for implementing Strong Customer Authentication (SCA) for ecommerce transactions to March 14 2022. 

FCA, SCA, ecommerce

FCA creates 'Regulatory Nursery' to oversee newly-licenced companies

News | Online & Mobile Banking | 21 Apr 2021

UK-based financial market regulator FCA has announced a ‘regulatory nursery’ to closely oversee the newly authorised financial services companies, according to financemagnates.com.

FCA, regulatory sandbox

Trust Payments receives Authorised Payments Institution License from the FCA

News | Online Payments | 01 Apr 2021

Trust Payments has announced that the UK’s Financial Conduct Authority has granted its subsidiary, TrustUK Payments, an Authorised Payment Institution License.

Trust Payments, FCA, online payments

FCA publishes industry feedback on Open Finance

News | Online & Mobile Banking | 30 Mar 2021

The Financial Conduct Authority (FCA) has published feedback from its call for input on Open Finance, according to AltFi.

FCA, Open Banking, Open Finance

MPs urges tech giants to act against online pension scams

News | Digital Identity, Security & Online Fraud | 29 Mar 2021

A committee of MPs has urged tech giants such as Google, Facebook, and Microsoft to stop the ‘immoral’ practice of profiting from the EUR 11.7 billion of pension fraud committed by internet scammers.

scam, Facebook, Microsoft, fraud management, regulation, FCA

Penfold teams up with TrueLayer

News | Online & Mobile Banking | 18 Mar 2021

TrueLayer, a technology company building financial infrastructure, and Penfold, a pension scheme, have partnered to deliver payments for its customers to fund their pension.

partnership, FCA, API, Open Banking, digital payments

FCA starts criminal proceedings against NatWest

News | Digital Identity, Security & Online Fraud | 16 Mar 2021

The Financial Conduct Authority (FCA) has started criminal proceedings against NatWest over allegedly failing to comply with money laundering rules.

FCA, money laundering, banks, AML

Fintern, an open banking consumer lender, launches

News | Online & Mobile Banking | 08 Mar 2021

Fintern, a UK-based consumer lender, has launched to provide loans of up to EUR 5,825 using open banking functionality to customers excluded by banks.

Open Banking, FCA

Yolt Technology Services secures PSD2 licence from FCA

News | Online & Mobile Banking | 17 Feb 2021

Yolt Technology Services (YTS) has received a PSD2 licence from the FCA to operate payment and account information services in the UK, according to AltFi.

Yolt Technology Services, UK, PSD2, FCA, UK, Open Banking, payments

Equifax acquires AccountScore

News | Online & Mobile Banking | 09 Feb 2021

Equifax has acquired transaction data analytics company AccountScore to bolster its Open Banking and insights capabilities, according to OBE.

Equifax, AccountScore, Open Banking, transaction data, analytics, FCA, UK, acquisition

'Buy now, pay later' users struggling to pay back debts, Compare the Market reveals

News | Online Payments | 03 Feb 2021

Compare the Market has revealed that a fifth of 'Buy Now, Pay Later' (BNPL) users are unable to pay back Christmas spending without taking on more debt.

Compare the Market, Buy Now, pay later, BNPL, instalment payments, FCA, debt

FCA discusses changes to SCA-RTS and Payments Approach Document

News | Online & Mobile Banking | 02 Feb 2021

The FCA has announced the changes applied to the onshored SCA-RTS and to the guidance in its Payment Services and E-Money Approach Document.

FCA, SCA-RTS, Payments Approach Document, UK, Open Banking, Open Finance, ASPSPs, AISPs, MCI, SMEs, PARS

BNPL companies to become FCA-regulated

News | Online Payments | 02 Feb 2021

The UK’s Government has announced that buy now pay later (BNPL) credit agreements will be regulated by the Financial Conduct Authority (FCA), according to County Times.

BNPL, buy now pay later, FCA, Financial Conduct Authority, UK, credit agreements, payments, online payments, online transactions, online shopping, ecommerce

Lendlord, Plaid to launch Open Banking integration for landlords

News | E-invoicing, SCF & E-procurement | 02 Feb 2021

Lendlord has partnered with Plaid to launch an open banking integration solution which allows landlords to automate their cashflow and bookkeeping.

Lendlord, Plaid , partnership, product launch, SCF, e-invoicing, automated cashflow, FCA, Open Banking

FCA proposes increase in UK contactless spending limit

News | Cards | 02 Feb 2021

The UK’s Financial Conduct Authority (FCA) have proposed to increase the limit for single contactless payments from GBP 45 to GBP 100 and the limit for cumulative contactless transactions from GBP 130 to GBP 20O.

FCA, Financial Conduct Authority, contactless payments, mobile payments, card payments, UK, Brexit

FCA proposes changes to SCA-RTS and to payments and e-money guidance

News | Online & Mobile Banking | 29 Jan 2021

The UK’s FCA has proposed amendments to their Technical Standards on Strong Customer Authentication and Common and Secure Methods of Communication, among others. 

FCA, SCA-RTS, payments, e-money, guidance, Open Banking, electronic money, CP21/3, SCA, RTS, innovation, COVID-19, pandemic, coronavirus