Articles with tag: financial conduct authority

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FCA shows survey data on coronavirus financial resilience

News | E-invoicing, SCF & E-procurement | 07 Jan 2021

The Financial Conduct Authority (FCA) has published the results of its coronavirus financial resilience surveys sent to solo-regulated companies to inform of the impact of the pandemic, according to the official press release.

FCA, UK, survey data, coronavirus, financial resilience, Financial Conduct Authority, pandemic, solvency, companies

FCA, Synthesized collaborate on initiative to fight fraud resulting from COVID-19

News | Digital Identity, Security & Online Fraud | 19 Nov 2020

The Financial Conduct Authority (FCA), Synthesized, and a fraud prevention vendor have developed an initiative that plans to create new solutions to detect and prevent fraud and scams exacerbated by the Covid-19 pandemic.

Financial Conduct Authority, FCA, UK, AI, synthetic dataset, digital banking, Synthesized, Covid-19, scams, fraud, fraud prevention

FCA highlights continued support for consumers struggling with payments

News | Payments General | 23 Oct 2020

The Financial Conduct Authority has urged consumers struggling to make repayments due to the impact of coronavirus (Covid-19) to speak to their lenders about options available to them. 

Financial Conduct Authority, lending, loans, repayments, COVID-19, financial resilience, debt, payments, bills

Monument receives UK banking licence from the Prudential Regulatory Authority

News | Online & Mobile Banking | 09 Oct 2020

Digital bank Monument has been granted a banking licence from the Prudential Regulation Authority and the Financial Conduct Authority.

Monument, UK, digital banking, banking licence, Prudential Regulation Authority, Financial Conduct Authority

TrueLayer secures USD 25 mln in Series C round

News | Online & Mobile Banking | 21 Sep 2020

Financial infrastructure provider TrueLayer has announced it has secured an additional USD 25 million in funding, under its Series C.

TrueLayer, funding, financial infrastructure, Anthemis, Connect Ventures, Northzone, Temasek, UK, United Kingdom, payment institution, FCA, Financial Conduct Authority, account information, payment initiation, open banking, PSD2, France Italy Spain, Revolut, Nutmeg, Freetrade

UK-based fintech BABB to offer cheaper remittances

News | Payments General | 01 Sep 2020

Financial Conduct Authority (FCA)-approved payment institution Bank Account Based Blockchain (BABB) has announced plans to offer better remittances to customers.

UK, fintech, BABB, Bank Account Based Blockchain, remittances, payment institution, FCA, Financial Conduct Authority, blockchain, traditional banking, third parties, peer to peer payments, P2P payments, international fundraising, banking technology, UK bank account, payment cards, banking licence

FXPress to acquire Avila House

News | Online & Mobile Banking | 20 Aug 2020

Fintech FXPress has announced it will aquire Avila House, which is subject to regulatory approval.

fintech, FXPress, Avila House, transfer, regulatory, UK, Financial Conduct Authority, FCA, HMRC, payments, IBAN, Forex

Samtrade FX obtains FCA licence

News | E-invoicing, SCF & E-procurement | 29 Jul 2020

Samtrade FX, an online trading brokerage, has been registered and authorised as an Appointed Representative by the FCA.

Samtrade FX, Financial Conduct Authority, FCA, Australian Securities and Investments Commission, ASIC, trading, brokerage, Appointed Representative, Australian Financial Services, AFS, Australia, Europe, Asia, International Business Companies, IBC, Financial Services Authority of Saint Vincent, Financial Transactions and Reports Analysis Centre of Canada, FINTRAC, Canada, Money Services Business, MSB

Financial Conduct Authority provides guidance for companies

News | E-invoicing, SCF & E-procurement | 17 Jul 2020

The FCA has published draft guidance for companies setting out its expectations for banks, building societies and credit unions when they are considering closing branches or ATMs, or converting a free to use ATM to pay to use.

UK, Financial Conduct Authority, FCA, banks, credit unions, ATM, banking

FCA sets out customer protection requirements for PSPs and e-money issuers

News | Digital Identity, Security & Online Fraud | 10 Jul 2020

In a “Dear CEO” letter the FCA has set out customer protection requirements for payment services companies including payments institutions (PIs) and e-money institutions (EMIs), to ensure that they are compliant with the regulatory obligations across six key areas.

FCA, Financial Conduct Authority, customer protection, Dear CEO, security, payments institutions, PIs, e-money institutions, EMIs, compliance, regulation, safeguarding, prudential risk management, financial crime, financial promotions, consumer communications, governance, oversight, records management, reporting

2.6 million people in the UK bought cryptocurrency

News | Cryptocurrencies | 07 Jul 2020

The Financial Conduct Authority (FCA) has estimated that 2.6 million people in the UK have bought cryptocurrency, with a significant increase in the past 12 months.

FCA, Financial Conduct Authority, cryptocurrency, UK, regulation, exchange

FCA lifts ban on Wirecard's UK payments business

News | Online Payments | 30 Jun 2020

The UK's Financial Conduct Authority has lifted restrictions on German payments company Wirecard, allowing it to resume payment activities.

FCA, Financial Conduct Authority, Wirecard, Germany, United Kingdom, online payments, payments fraud, Europe

FCA orders Wirecard to suspend activity in UK

News | Online Payments | 29 Jun 2020

The UK Financial Conduct Authority has ordered Wirecard to suspend operations in the UK and warned it not to dispose of any funds, following the companies' insolvency filing in Germany.

FCA, Financial Conduct Authority, Wirecard, Wirecard scandal, Germany, Europe, payments company, financial authority, European Commission, payments company, European Securities and Markets Authority

Financial Conduct Authority to offer further support for consumer credit users

News | Payments General | 23 Jun 2020

The Financial Conduct Authority (FCA) has announced further support for users of certain consumer credit products, who are facing financial difficulty due to COVID-19.

FCA, Financial Conduct Authority, COVID-19, coronavirus, credit cards, cards, store card, catalogue credit, loans, payments

The Financial Conduct Authority fines Commerzbank for money-laundering failings

News | Payments General | 19 Jun 2020

The UK’s financial regulator has fined Commerzbank EUR 42 million for money-laundering failures, including an ‘out-of-control’ system for checking clients.

Commerzbank, money-laundering, UK, financial regulator, Financial Conduct Authority, FCA, Germany, transactions

Payments company Planet to acquire 3C Payment

News | Payments General | 18 Jun 2020

Galway-based payments company Planet has agreed to acquire payment solutions company 3C Payment

payments, Planet, 3C Payment, Galway, Alipay, WeChat Pay, UnionPay, Visa, Mastercard, American Express, Financial Conduct Authority in the UK

The FCA's and PSR's approach to Access to Cash

News | Payments General | 18 Jun 2020

Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR) have updated the approach regarding the Access to Cash.

FCA, PSR, Financial Conduct Authority, Payment Systems Regulator, Access to Cash, banks, COVID-19, coronavirus, LINK, UK

Lloyds Bank fined EUR 71 mln

News | Payments General | 12 Jun 2020

Lloyds Bank has been fined over EUR 71 million for failing to treat mortgage customers fairly after they fell into financial difficulty.

Lloyds, mortgage, banks, payments, Financial Conduct Authority

Minted to launch by the end of summer 2020

News | Online & Mobile Banking | 08 Jun 2020

Minted, a UK-based gold trading platform, has announced it is going to launch during the summer of 2020.

UK, gold, Minted, digital bank, challenger bank, banks, digital, startup, mobile app, Nadir Gold, London Bullion Market Association’s, LBMA, Financial Conduct Authority, FCA, AE Invest, technology, MoneyBox

Virgin Money gives up on the decision of suspending credit cards

News | Cards | 12 May 2020

UK-based challenger bank Virgin Money has reversed its decision to suspend nearly 32.000 credit cards and reinstated previous credit limits for the affected customers.

Virgin Money, credit cards, cards, UK, challenger bank, banks, Financial Conduct Authority, FCA, COVID-19, coronavirus