Tagged: fca

Irish P2P Lender Linked Finance Receives FCA Authorization, Ready for UK Expansion

Linked Finance, an Irish P2P lending platform, has received full authorization by the UK Financial Conduct Authority which will enable the platform to actuate growth into the UK market, according to multiple Irish news sources. In late April, the Ireland government announced a Public Consultation on the Regulation… Read More

FCA Inks Fintech Cooperation Agreement with Hong Kong

The Financial Conduct Authority (FCA) has signed a co-operation agreement with the Securities and Futures Commission (SFC) in Hong Kong. The intent of the agreement is to encourage collaboration that supports Fintech innovation. According to the document, the FCA and SFC will co-operate on information… Read More

Zopa Finally Receives Full FCA Authorisation for Peer to Peer Lending

The first peer to peer lender to launch in the UK back in 2005 has finally received full authorisation from the Financial Conduct Authority (FCA). Zopa, a trailblazer in the global online lending sector, announced that it has been granted full authorisation for peer-to-peer lending… Read More

Flender Brief: Irish P2P Lender FCA Authorized, Plans for UK Launch

Irish P2P lending platform Flender, which secured £501,700 from more than 230 investors during its Seedrs equity crowdfunding round this past January (reportedly the first Irish Fintech platform to successfully complete an equity crowdfunding round), is authorized and regulated by the Financial Conduct Authority under Registration Number… Read More

On a Mission: FCA Updates Mission & Business Plan, Shares Challenges of Fintech

The Financial Conduct Authority (FCA) released an update this week on both their mission and an accompanying business plan. The lead securities and market regulator, posted its broad strategic objectives, as determined by Parliament; To ensure that relevant markets function well – and three operational… Read More

Brief: P2P-Banking Publisher Claus Lehmann Introduces New IFISA Provider Database

Today P2P-Banking launched a new IFISA database which offers investors an easier way to compare IFISA providers offers. UK taxpayers can invest up to 20,000 GBP per year tax-free in ISAs; a person may invest 20,000 GBP this tax year and invest 20,000 GBP in a different ISA next year. The… Read More

FCA Publishes Discussion Paper on Blockchain Utilization

The UK Financial Conduct Authority (FCA) has published a discussion paper on distributed ledger technology (DLT) also commonly called Blockchain. The document was released today amidst of a flurry of Fintech related news as the Innovate Finance Global Summit kicked off in London.  The FCA… Read More

FCA: It is Our Job to Provide the Conditions that Simplify Regulatory Complexities & Give Space for Firms to Innovate

Christopher Woolard, Executive Director of Strategy and Competition at the FCA, delivered a Keynote address today at the Innovative Finance Global Summit 2017. Woolard, the FCA’s champion for competition and thus a champion for consumers, delivered an important message regarding their regulatory mission: “It is… Read More

Yielders Claims UK’s First Islamic Fintech Firm to Receive Full Authorization by the FCA

London-based fintech firm, Yielders, announced on Monday it is now regulated by the Financial Conduct Authority (FCA). The company claims it is the UK’s first ever Islamic fintech firm to be directly authorized by the FCA and the milestone shows significant validation by the supervisory body of… Read More

Innovate Finance Shares Findings from UK Fintech Sandbox

Innovate Finance has published a “Sandbox Consultation Finding Preview in concert with the Financial Conduct Authority (FCA). The release took place as Innovate Finance opened its Global Summit 2017. The FCA invited Innovate Finance , a public-private partnership seeking to boost Fintech innovation, to chair an… Read More

Ablrate Receives Full FCA Authorization & Begins Expansion

Ablrate, the online lender that specializes in asset-backed transactions, announced it has received full authorisation from the Financial Conduct Authority (FCA) and is beginning its expansion.  Sharing details about the authorization, David Bradley-Ward, CEO at Ablrate, stated: “Full authorisation is something that the team has worked… Read More

Singapore & Japan to Cooperate on Fintech Innovation

Less than a week after Japan inked an agreement to partner with the Financial Conduct Authority in the UK, the Financial Services Agency (FSA) in Japan has announced a cooperation framework with the Monetary Authority of Singapore (MAS). Similar to other existing arrangements by MAS,… Read More

UK & Japan Governments Partner to Promote & Support Fintech Innovators

The Financial Services Agency of Japan (JFSA) and the UK’s Financial Conduct Authority (FCA) have announced a “Co-operation Framework” to support innovative Fintech firms. This “Exchange of Letters” between the JFSA and the FCA is intended to provide a regulatory referral system for “Innovator Businesses”… Read More

CEO Gonçalo de Vasconcelos: 2016 Was a Phenomenal Year for SyndicateRoom

Helmed by CEO and Co-founder Gonçalo de Vasconcelos,  SyndicateRoom continues to pioneer the “investor-led” crowdfunding model in the UK. A serial entrepreneur and Judge Business School grad who was awarded the Best Dissertation prize and the Benavitch Scholarship for academic and professional achievements, de Vasconcelos cofounded SyndicateRoom with a… Read More

CEO of BondMason Cautions on Innovative Finance ISAs Questioning the FCA Approval Process

The Innovative Finance ISA or IFISA has been heralded by many in the P2P lending sector as a boon for the industry. Investors now have the ability to participate in P2P loans while benefiting from the tax deferred nature of ISAs. Yet the Financial Conduct… Read More

Proplend Receives Full Regulatory Authorization from FCA

Proplend announced on Wednesday it received full authorisation from the Financial Conduct Authority (FCA) for peer to peer lending. Brian Bartaby, Proplend’s Founder and CEO commented: “After a comprehensive approval process, we are delighted to have reached this significant milestone. The granting of full authorisation demonstrates… Read More

SyndicateRoom CEO Comments on FCA Announcement on IPO Reform

SyndicateRoom, a leading equity crowdfunding platform, has been championing IPO reform for some time now.  Gonçalo de Vasconcelos, CEO and co-founder of SyndicateRoom, welcomed the announcement earlier today that the Financial Conduct Authority (FCA) has published a consultation paper addressing existing shortcomings in the IPO… Read More

FCA Publishes Consultation Paper Seeking to Improve the IPO Process

The Financial Conduct Authority (FCA) has published a consultation paper on the initial public offering (IPO) process. The paper is part of an initiative designed to reform the UK IPO ecosystem by improving the quality of information provided to market participants. Christopher Woolard, Executive Director… Read More

Peer to Peer Platforms Put on Notice: FCA Sends Out Dear CEO Letter to Online Lenders

This morning every P2P platform received a Dear CEO letter from the FCA, stating that platforms should not facilitate loans to a party who lends those monies onwards, unless that party is authorised for accepting deposits.  The issue here is really with the underlying lenders… Read More