Financial Conduct Authority stories - Page 2

Kani Payments appoints Andrew Wingfield as Head of Strategic Solutions to enhance safeguarding features ahead of FCA's 2026 regulatory changes.

UK fintech founders embrace AI, with 83% adopting it, despite 81% losing confidence in the economy and nearly half considering relocating abroad due to tax concerns.

UK conveyancing faces tougher anti-money laundering checks as 73% of law firms' suspicious activity reports link to property transactions.

Adclear secures GBP £2.1 million to expand its AI-powered platform that automates compliance for major UK financial institutions' marketing content.

UK banks face slow AI adoption due to outdated IT, data challenges, and regulatory uncertainty despite optimism about AI's future impact on finance.

Nearly 24% of Instagram posts tagged as ‘quick-money’ offers are linked to money mule recruitment, posing major challenges for law enforcement and platforms.

Over a third of UK tech scale-ups lack women on their boards, with female representation at just 18%, lagging behind larger firms' 41%.

UK payment industry urges careful regulation review to avoid oversimplifying FCA and PSR roles, ensuring consumer protection and innovation thrive.

TISA urges the FCA to revise its targeted support rules, seeking clearer, more flexible guidelines to ease burdens on firms and prevent consumer confusion.

TISA supports HM Treasury and OFSI's reforms to create a fairer, more consistent sanctions enforcement system, encouraging early settlements and transparency.

The Investing and Saving Alliance supports SMCR reforms designed to ease regulatory burdens and enhance conduct standards in UK financial services.

TISA calls for transparency and proper consultation in FCA’s proposed reforms to the Financial Ombudsman Service, warning of risks from unchecked regulatory powers.

Credas has launched its Compliance Wallet to reduce duplication and speed up property sector compliance checks with 15 million wallets available at launch.

Ecommpay is shortlisted in two categories at the UK eCommerce Awards for innovation in its fraud-fighting Graph Analysis tool and Hosted Payment Page solution.

TISA warns current rules limit Targeted Support reach to just a quarter of consumers, urging legal changes to help more vulnerable customers effectively.

Yaspa appoints Renuka Rawlins, formerly of Revolut, as Head of Policy and Public Affairs to lead regulatory engagement amid expansion in payments and iGaming.

The FCA's review highlights progress and challenges in UK pension transfers, urging balance between speed, efficiency and consumer protection from scams.

London fintech Yaspa raises USD $12 million led by Discerning Capital to expand into the US with a new base in Atlanta, targeting regulated gambling payments.

UK finance staff widely use AI tools but worry about inadequate training, data security, and lack of regulatory oversight in their organisations.

Ecommpay has won the Best Consumer Payments System at the PayTech Awards for its innovative payout solution enhancing secure payments to cards and wallets.