Tagged: fca

Insurtech: FCA & Hong Kong Insurance Authority to Cooperate on Fintech

The Financial Conduct Authority (FCA) has entered into a co-operation agreement with the Hong Kong Insurance Authority (IA) designed to enhance collaboration in supporting Fintech innovation.  The FCA explains the agreement includes information sharing and mutual referrals of Fintech firms looking to enter into either… Read More

Hogan Lovells Launches FCA Authorisation Tool for Fintechs

Hogan Lovells, a global law firm, is showcasing its recently launched Hogan Lovells “Engage”: Authorization Tool. The new Regtech application aims to guide Fintech startups through the process of authorization from the Financial Conduct Authority (FCA). The tool is free to use on the Hogan Lovells… Read More

JustUs Receives Full Authorization From the Financial Conduct Authority

Peer-to-peer lending platform JustUs announced this week it has received full authorization by the Financial Conduct Authority (FCA). The online lender revealed that the full authorization is a pre-requisite to offer the JustUs Innovative Finance ISA (IFISA) and registration forms have been submitted to HMRC… Read More

Assetz Capital Receives Full FCA Authorization, Now Second Largest UK P2P Lender

Assetz Capital, one of the largest peer-to-peer lending platforms in the UK, has announced it has received full authorization from the Financial Conduct Authority (FCA).  Additionally, Assetz Capital has claimed second place in the ranking of UK’s largest P2P lenders as it reports lending in excess… Read More

Tramonex and NOW Money Join Central Bank of Bahrain’s Regulatory Sandbox: Ready to Play

The Central Bank of Bahrain (CBB) has announced two entrants into its regulatory sandbox:  Tramonex, a London-based forex cash management solution for businesses and NOW Money, the Dubai-based account and remittance service for low-income workers in the GCC. “We are pleased to welcome the first… Read More

ThinCats Receives Full Authorization By the Financial Conduct Authority

ThinCats, an alternative lending industry leader, announced on Tuesday it has received full authorization by the Financial Conduct Authority (FCA). According to the online lender, the approval highlights its commitment to protecting consumers and also developing the alternative finance industry as a vital source of capital… Read More

Cambridge Centre for Alternative Finance Tackles the Future of Finance at Annual Event

At the end of June, the Cambridge Centre for Alternative Finance (CCAF) hosted its second annual conference that saw participants from the world of finance from all over the world. The conference was entitled Navigating the Contours of Alternative Finance and sought to provide a… Read More

FCA Survey: 25% of Regulated Firms Believe FCA is Facilitating Innovation in the UK

In the financial services sector clear and transparent regulation is vital to a healthy marketplace. There is no financial services firm that will take issue with this statement. Yet regulation that balances on the tightrope of an efficient market and investor protection is quite hard…. Read More

FCA Provides Details on Scope of Investment Platforms Market Study

The Financial Conduct Authority (FCA) has published the Terms of Reference regarding the Investment Platforms Market Study. The document will be used as a guide in the FCA review of platform. For the purposes of this study the FCA defines “platforms” broadly. The study is said… Read More

FundingKnight, Part of GLI Finance, Receives Full FCA Authorisation

GLI Finance (AIM: GLIF) has announced that FundingKnight has been granted full Authorisation from the Financial Conduct Authority (FCA). FundingKnight is an online / P2P Lender providing access to capital for UK SMEs. FundingKnight has been operating under interim permissions since 2014, when the FCA… Read More

FCA Director of Competition Chris Woolard Cautions on Usage of Bitcoin

Chris Woolard, the Financial Conduct Authority’s competition Czar, has commented on the usage of cryptocurrencies. As reported by FN news, Woolard said; “We don’t prohibit regulated firms from engaging in digital currency trading, nor do we prohibit banks from offering banking services to deal with… Read More

FCA Chairman John Griffith-Jones Confirms Departure in 2018

The Chairman of the Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR) John Griffith-Jones has confirmed his intent to depart both agencies at the end of his term in March 2018.  Griffith-Jones was appointed as the first FCA Chair in 2013, He became Chair… Read More

Rebuildingsociety.com Offers Other Platforms Option to Leverage their FCA Authorization as Appointed Representative

Rebuildingsociety.com, a peer to peer lender for UK SMEs, received full FCA Authorisation in February of this year after a “long journey”. The platform had applied for full authorisation in November 2014.  Rebuildingsociety is now offering companies the opportunity to collaborate with them as Appointed… Read More

UK P2P Lender RateSetter Secures £13M in Equity Funding [u]

UK P2P lender RateSetter announced that the platform has raised £13 million in equity funding from its existing shareholders, including city fund managers Woodford Investment Management and Artemis, according to Business Insider. The funding will be put towards launching “Innovative Finance ISA,” a new product that allows consumers… Read More

Research on Risk Shows Crowdfunding Has Significant Fraud Immunity: Here’s Why

It may be counterintuitive but the research has been done and the results are now in – and it’s as we’ve been saying for almost five years. Fraud in crowdfunding is not just almost non-existent –  so much so as to be hard to measure,… Read More

P2P Business Lender ArchOver Receives Full FCA Authorization

ArchOver, a UK P2P business lending platform, has secured full authorization from the Financial Conduct Authority to operate as a P2P lending platform (Article 36H). Since launching in September 2014, ArchOver has facilitated over £35 million of investment over its platform, operating under interim permissions granted by… Read More

Funding Circle Fully Authorised by FCA. Platform Now Biggest P2P Lender in UK

Funding Circle, an online lender for SMEs, has received full authorisation by the Financial Conduct Authority (FCA).  Funding Circle is now queued up to offer the IFISA – an event that is expected to fuel platform growth even further. The FCA has struggled to complete… Read More

London-Based Robo-Advisor MortgageGym Closes £2M Seed Round

According to a company release, fintech startup MortgageGym secured £2 million in funding from its seed round. The company, which is licensed by the Financial Conduct Authority (FCA), plans to launch this summer and will connect customers seeking a home mortgage with brokers and banks. Customers can upload… Read More

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