Tag: Consumer Duty
Navigating the Consumer Duty: FCA insights into Fair Value Frameworks
The Financial Conduct Authority (FCA) has disclosed its findings from a review of 14 fair value frameworks ahead of the Consumer Duty implementation in less than three months. RegTech platform Novatus Advisory has reviewed this and outlined the key takeaways for firms.
Lenders scramble to meet Consumer Duty deadline, 61% seek external expertise
As the deadline for the Financial Conduct Authority (FCA)'s Consumer Duty approaches, a startling 67% of lenders report feeling unsupported by the FCA.
How Aveni is helping to steer the ship towards Consumer Duty...
Aveni claims it is leading a ‘new era of risk assurance’ by enabling 100% digitisation and automation of the Quality Assurance process.
Debunking 8 assumptions around QA in financial services
Quality assurance (QA) is an important process for financial services. It ensures products and services are compliant and that they meet customer demands. Aveni, a UK-based RegTech platform, has set out to debunk eight assumptions around QA within financial services.
How to demonstrate Consumer Duty compliance with technology
With Consumer Duty coming into law this year, with 31 July being the date it officially comes into force - how can firms ensure compliance?
Delta Capita links with Aveni to advance its Consumer Duty offering
Delta Capita, a global capital markets consulting firm, has partnered with Aveni to boost its Consumer Duty offering.
Here are 5 priorities of CROs you must know
As regulatory pressures continue to mount, what are the biggest priorities? Aveni, a UK-based RegTech platform, has outlined the top five things financial services CROs are currently prioritising.
FCA publishes review on Consumer Duty implementation
The FCA has published a review of how companies are planning to implement the new Consumer Duty legislation set to come into force on 31 July 2023.
How can companies become more compliant with Consumer Duty?
The FCA recently introduced Consumer Duty regulation, which aims to ensure customers receive communications from financial services firms that they understand. How can firms become more compliant with it?
38% of firms lack knowledge on FCA’s new Consumer Duty
Over a third (38%) of firms have limited knowledge of the FCA’s new Consumer Duty, with many turning to technology and data to solve their woes.