Tag: Consumer Duty
FCA/PRA Diversity and Inclusion for Crypto and FinTech Firms: PART II
By Rodrigo Zepeda, CEO, Storm-7 Consulting
INTRODUCTIONIn 2023, the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) (Bank of England (BoE)) (collectively the...
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Corporate Payments in 2024: APP fraud, ISO 20022-readiness and generative AI
The start of a new year is a natural time to consider what lies ahead. Here, we look at four key themes in corporate...
Customer Experience trends in 2024: meeting evolving expectations
The landscape of brand-customer relationships has shifted dramatically over the past few years, and there’s no question that customers today wield unprecedented power in...
Challenges in Retail Trading Regulation
During the Finance Magnates London Summit 2023, a panel
discussion entitled: "Tightening Grip? Retail Trading Regulation in
2024" was conducted, moderated by Remonda Kirketerp-Møller, the Founder
&...
FCA Cancels 1,266 Unauthorized Firms, Imposes Record Fines
The
Financial Conduct Authority (FCA ) has ramped up enforcement actions against
misleading financial promotions and unauthorized firms operating in the UK,
according to a press release...
Future of Online Trading: Industry Experts Weigh in Challenges and Possibilities
The online trading landscape is facing a pivotal moment. After a period of meteoric growth, turbulence in the form of increased volatility, regulatory pressure,...
Revolut Folds in UK, Robinhood Bets on EU: What’s Shaping Crypto in Europe?
The latest reports of Revolut limiting its crypto offerings to UK businesses raised many questions about Britain’s plan to embrace the digital currency industry....
Revolut Halts Crypto Purchases for UK Businesses
Revolut will temporarily halt certain cryptocurrency
services for its business customers in the UK. This step is a response to upcoming regulatory
changes by the Financial...
Wealth Management in the UK – Part I
Overview
The UK is recognised as one of the largest Wealth Management markets globally. Estimates suggest in excess of £3trn, with £2trn in personal liquid...
BNPL Demand Unlikely to Weaken in 2024
The financial
services industry is humming with expectation and predictions for the trends
that will impact the landscape in 2024 as we begin a new year....
FCA Unveils Fresh Guidance amidst Crypto Marketing Turmoil
The
Financial Conduct Authority (FCA) has updated its guidance for cryptoasset
firms, following recent legislative changes that bring crypto promotions
targeting UK consumers under its oversight. The...
From Zero to Hero – How Blockchain could bring the FCA’s Consumer Duty to life
The reputation of blockchain has taken a severe beating in recent years. The spectacular collapse of FTX, plus how regulators are turning against crypto...
FCA Restricts Modulr’s Customer Onboarding
The
UK's Financial Conduct Authority (FCA) has imposed customer onboarding
restrictions on Payments-as-a-Service provider Modulr until it aligns with new
regulations. Don't miss London's premier financial...