Showing results for 'FCA' in Articles
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Complaints to FCA against UK finance groups hits 5-year high

28 Apr 17 @ 13:16

The FCA says that UK financial institutions have recorded nearly 3m complaints over their products or services in the last six months of 2016. The figures, published on Wednesday, provide a snapshot... read more

FCA crackdown on contactless card fraud security flaw

03 Apr 17 @ 13:08

The UK’s FCA has set out measures to tackle contactless card fraud on contactless cards which have been reported lost or stolen. In a letter to the Treasury select committee, the... read more

FCA investigate British banks‘ role in Russian money laundering scheme “Laundromat”

22 Mar 17 @ 08:52

The FCA is investigating the role of British banks in the alleged processing of hundreds of millions of pounds for a Russian money laundering scheme dubbed “the Laundromat” the growing scrutiny... read more

FCA probe P2P lending sector

12 Jul 16 @ 10:24

The Financial Conduct Authority is reportedly probing the £2.7bn P2P lending sector for the second time in two years, following widespread calls for tougher regulation of so-called “alternative finance” providers. On Friday,... read more

FCA rejects EBA guidelines on online payments

26 May 15 @ 14:09

The UK has rejected the chance to sign up for new European Banking Authority (EBA) guidelines on online payment security, making the FCA one of only three EU countries to resist... read more

RBC and BMO weigh sale of Moneris as banks retreat from merchant acquiring

06 May 26 @ 16:43

Royal Bank of Canada and Bank of Montreal are reportedly in talks to sell Moneris, their jointly owned payments processing business, to Francisco Partners, in a transaction that could value... read more

Atom bank cites regulatory uncertainty – postpones current account launch

06 Jun 17 @ 16:57

Atom bank, the UK’s first app-based bank, is reported to be delaying the launch of consumer current accounts until at least 2018. Atoms CEO blames forthcoming regulations that make the UK’s personal banking market too... read more

Number of UK e-money providers more than doubles over two years

03 Feb 16 @ 12:42

There has been a sharp rise in the number of e-money providers registered with the Financial Conduct Authority (FCA) over the last two years, with 79 now authorised in total,... read more

UK Government moves to future-proof payments regulation

27 Apr 26 @ 12:54

The UK Government has set out a broad package of payments reforms designed to prepare the sector for stablecoins, tokenised deposits, Open Banking and AI-driven transactions. The move reflects a... read more

Regulators confront AI-driven cyber risk after Anthropic warning

16 Apr 26 @ 11:45

British regulators are moving quickly to assess the implications of Anthropic’s new AI model, Claude Mythos Preview, after reports that the system has identified thousands of serious software vulnerabilities across... read more

PSR sets out 2026/27 agenda

29 Mar 26 @ 18:28

The Payments Systems Regulator sets out 2026/27 agenda with card fees, APP fraud and Open Banking in its sights. The UK’s payments industry faces another year of heavy regulatory intervention... read more

UK fintech industry warns BofE Regulations hurt innovation

08 Mar 26 @ 13:03

Innovate Finance has sharply criticised proposed stablecoin regulations from the Bank of England, arguing that the framework risks undermining the development of a competitive sterling-based stablecoin market. In a response... read more

ETC Mining and the anatomy of a crypto scam

02 Mar 26 @ 11:25

Three months ago, I was approached by marketing representatives of ETC Mining, who paid $2,500 in Bitcoin for native advertising placement. On the surface, the proposition appeared straightforward: a cloud... read more

UK payments industry pushes back against stablecoin restraints

22 Jan 26 @ 16:50

The UK payments industry is sharpening its critique of the country’s approach to stablecoins, arguing that regulatory caution is slipping into competitive self-harm. In a new manifesto, The Payments Association... read more

Ripple secures EMI licence and UK regulatory green light

16 Jan 26 @ 13:20

Ripple has taken a significant step in its European expansion after securing both an Electronic Money Institution (EMI) licence and cryptoasset registration from the UK’s Financial Conduct Authority. The approvals... read more

Open Banking moves from policy experiment to national infrastructure

13 Jan 26 @ 14:22

Eight years after its launch, Open Banking has become a foundational layer of the UK’s financial system rather than a niche regulatory initiative. More than 16.5 million user connections are... read more

A step closer to reality: An update on the UK’s National Payment Vision

10 Dec 25 @ 17:21

On 07 November 2025, the Payments Vision Delivery Committee (PVDC) published its “Strategy for Future Retail Payments Infrastructure.” As a quick refresher, the PVDC was set up in November 2024 to... read more

A2A pushes into the mainstream as Pay by Bank comes of age

09 Dec 25 @ 13:22

A2A payments have long promised to rebalance the economics of digital commerce. This year, their ascent has begun to look less like a thought experiment and more like a structural... read more

AI and machine learning in fraud detection: Staying ahead of threats

04 Dec 25 @ 14:07

Financial fraud has always been a moving target. From cheque fraud to phishing, criminals consistently adapt their methods to exploit weaknesses in the financial system. Yet in 2025, the contest... read more

The future of digital wallets: Consolidation or diversification?

03 Dec 25 @ 16:19

Digital wallets, once a niche innovation, have now become a central component of global commerce. From London cafés to Lagos street markets, consumers increasingly pay not with notes or plastic... read more

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Visa turns the card into an identity credential

12 May 26 @ 15:44

Visa has launched a new tap-based authentication technology that could reshape how banks verify customers in mobile banking environments. [caption id="atta... more

Santander backs Ebury’s next phase with fresh funding

05 May 26 @ 16:52

Banco Santander has reinforced its commitment to Ebury after taking part in a funding round of about £550mn for the cross-border payments and trade finance fin... more

RBC and BMO weigh sale of Moneris as banks retreat from merchant acquiring

06 May 26 @ 16:43

Royal Bank of Canada and Bank of Montreal are reportedly in talks to sell Moneris, their jointly owned payments processing business, to Francisco Partners, in a... more