Articles with tag: financial conduct authority

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TrueLayer secures USD 25 mln in Series C round

21 Sep 2020 | Online & Mobile Banking

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

01 Sep 2020 | Payments General

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

20 Aug 2020 | Online & Mobile Banking

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

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

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

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

The FCA has published draft guidance for companies setting out its expectations for banks, building societies and credit unions when they are considering closing branches or ATMs, or converting a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

10 Jul 2020 | Digital Identity, Security & Online Fraud

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

07 Jul 2020 | Cryptocurrencies

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

30 Jun 2020 | Online Payments

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

29 Jun 2020 | Online Payments

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

23 Jun 2020 | Payments General

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

19 Jun 2020 | Payments General

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

18 Jun 2020 | Payments General

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

18 Jun 2020 | Payments General

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

12 Jun 2020 | Payments General

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

08 Jun 2020 | Online & Mobile Banking

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

12 May 2020 | Cards

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

UK digital challenger bank Rizq aims to launch mid-2020

17 Apr 2020 | Payments General

Rizq, a UK-based Islamic digital challenger bank, has announced plans to launch this summer, Akmal Saleem, the fintech’s co-founder and CEO, told Salaam Gateway.

Rizq, challanger bank, Financial Conduct Authority, banking licence, account, debit card, credit card, digital challenger, Islamic digital challenger bank, UK

FCA proposes credit-card payment freeze and GBP 500 overdraft for all

03 Apr 2020 | Cards

The UK’s Financial Conduct Authority has said that loan and credit card repayments could be frozen for three months.

Financial Conduct Authority, United Kingdom, overdraft, online accounts, online payments, credit card repayments, COVID-19, coronavirus,

FCA encourages banks to take steps to facilitate customer access to cash

26 Mar 2020 | Payments General

FCA has encouraged banks to take steps to facilitate customer access to cash–such as waiving fees for individual savings accounts (ISAs) and allowing customers to end their term deposits early, reports Electronic Payments International.

Financial Conduct Authority, FCA, cash, coronavirus, banks

Fintech startup Chip receives FCA authorisation

25 Mar 2020 | Payments General

UK-based fintech Chip has announced that it has been approved by the Financial Conduct Authority (FCA) as an Authorised Payment Institution.

Chip, FCA, Financial Conduct Authority, Authorised Payment Institution, fintech, financial technology, online payments, payments service provider, UK, United Kingdom, financial regulator