Tagged: financial conduct authority

June 30, 2020 @ 10:41 pm By JD Alois  |  

  Transferwise, a top UK based Fintech and transfer/payments platform, has received Financial Conduct Authority  (FCA) approval to offer retail investment services, according to a report. Transferwise has emerged as a global stealth bank providing border-free currency services with ultra-low-cost transfers attacking the domain of… Read More

June 30, 2020 @ 10:15 am By JD Alois  |  

The UK is experiencing growing interest in cryptoassets, according to the UK Financial Conduct Authority (FCA). The research by the FCA states that 2.6 million UK consumers have purchased digital assets showing a dramatic 1.1 million increase since research completed by the FCA last year…. Read More

June 29, 2020 @ 3:09 pm By JD Alois  |  

  On June 26, the UK Financial Conduct Authority (FCA) imposed several “requirements” on Wirecard‘s (WDI:DE) activities in the UK. The move was in response to Wirecard’s missing €1.9 billion in funds along with allegations of fraud and other nefarious activities. After an audit uncovered… Read More

June 22, 2020 @ 5:48 pm By JD Alois  |  

  The clock is ticking for UK based digital asset, or crypto-asset firms operating in the UK to register with the Financial Conduct Authority (FCA). Applications must be submitted by June 30, 2020. In a statement earlier today by the FCA, the agency reminded the… Read More

June 22, 2020 @ 11:34 am By JD Alois  |  

Nikhil Rathi has been appointed as the new Chief Executive of the UK Financial Conduct Authority (FCA). Rathi is currently the Chief Executive of the London Stock Exchange and prior to that, he was the Director, Financial Services Group at HM Treasury. Rathi is expected… Read More

May 23, 2020 @ 1:18 pm By Omar Faridi  |  

Fintech firm Credit Kudos, the “challenger credit bureau,” has teamed up with Big Four auditing firm PricewaterhouseCoopers (PwC), in order to launch a digital banking “ecosystem sandbox.” Credit Kudos is regulated by the UK’s Financial Conduct Authority (FCA). It aims to provide a different and… Read More

April 14, 2020 @ 8:16 am By Omar Faridi  |  

New York-based BitOoda, a digital asset and Fintech firm, recently published its cryptocurrency market regulatory analysis report. Governments throughout the world are struggling to deal with the devastating economic consequences of the deadly Coronavirus (COVID-19) pandemic. The BitOoda team reveals: “We’ve noted an uptick in… Read More

March 27, 2020 @ 3:05 pm By JD Alois  |  

Uncle Buck, a short term or payday lender, has gone into administration due to an action taken by the Financial Conduct Authority (FCA). The FCA posted a notice today that Uncle Buck was “failing to meet the adequate resources Threshold Condition.” The severity of the… Read More

March 26, 2020 @ 10:26 pm By Omar Faridi  |  

The coronavirus (COVID-19) pandemic has forced large numbers of professionals to work from home. Europe’s regulatory authorities have decided to temporarily relax MiFID II rules, which may apply when recording telephone conversations. MiFID II (Markets in Financial Instruments Directive) is a legislative framework introduced by… Read More

March 25, 2020 @ 10:31 am By JD Alois  |  

Fintech Chip has received approval from the Financial Conduct Authority (FCA) as an authorized payment institution. In a release, Chip described the designation as a major milestone with the next step being the introduction of FSCS protected savings accounts. Chip is an app that automatically… Read More

March 20, 2020 @ 9:49 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has published new guidance for mortgage lenders and administrators and small business lenders. The guidance is in support of programs outlined by the Chancellor earlier this week. Under the plan, borrowers will be able to receive certain relief during… Read More

March 19, 2020 @ 1:00 pm By JD Alois  |  

The UK Financial Conduct Authority (FCA) is widely recognized as the leading securities regulator when it comes to fostering Fintech innovation. The FCA has engendered an innovation-friendly ecosystem due to multiple operational characteristics but one of them, the Regulatory Sandbox, has been emulated widely around… Read More

March 6, 2020 @ 7:59 am By Omar Faridi  |  

The United Kingdom’s financial regulator, the Financial Conduct Authority (FCA), recently warned local consumers about the operations of the Bitcoin Mercantile Exchange (BitMEX), a virtual currency derivatives exchange. According to a notice published by the FCA on March 3, 2020, the independent financial regulator noted… Read More

March 1, 2020 @ 12:44 pm By Omar Faridi  |  

The United Kingdom’s financial regulator, the Financial Conduct Authority (FCA), reports that the number of suspicious or potentially fraudulent transactions and order reports (STORs) recorded by the agency have decreased for the first time since it began recording them in 2016 Last year, the FCA… Read More

February 22, 2020 @ 9:48 am By Omar Faridi  |  

London-based Meniga, an established white-label digital banking solution provider, recently confirmed that it had managed to register as an Account Information Service Provider with the UK’s financial regulator, the Financial Conduct Authority (FCA). Meniga has considerable experience working in the Nordic region with non-traditional financial… Read More

February 7, 2020 @ 8:51 am By Omar Faridi  |  

The UK’s financial regulator, the Financial Conduct Authority (FCA), is reportedly planning to recruit a specialist with a professional background in blockchain and cryptocurrency-related businesses. The FCA says it wants to hire an intelligence associate with experience working in the digital asset industry, in order… Read More

January 29, 2020 @ 4:16 am By JD Alois  |  

BCB Group, a global digital financial services firm, has announced that its operating subsidiary, BCB Payments Limited, has received an Authorised Payment Institution (API) license from the UK Financial Conduct Authority (FCA). BCB says this is the first and only crypto-focused Authorised Payment Institution. BCB… Read More

January 27, 2020 @ 5:54 am By Omar Faridi  |  

Australia-based digital banks Xinja, Judo Bank and 86 400 have been attracting millions of dollars worth of savings from the nation’s banking clients after the introduction of their high interest rate accounts. Traditional industry players like ANZ, Westpac, NAB and Commonwealth Bank have reportedly lost… Read More

January 24, 2020 @ 11:50 am By JD Alois  |  

The Financial Conduct Authority’s Executive Director of Strategy and Competition, Christopher Woolard, has been selected as the Interim Chief Executive of the FCA. HM Treasury announced the appointment today as current FCA Chief Executive Andrew Bailey has been tapped to take over the role of… Read More

January 24, 2020 @ 6:07 am By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) and the Bank of England (BoE) will reportedly be running a public/private forum that will go into the relevant technical and public policy issues related to bank adoption of artificial intelligence (AI) and machine learning (ML) technologies and software…. Read More