Tag: FCA
Unmasking PEPs: The growing call for transparency in financial dealings
Swiss authorities recently took action against the daughter of Uzbekistan's former president, accusing her of crimes such as money laundering and bribery. This resulted in an asset freeze to the tune of $483m.
AI and ESG trends transforming wealth management in 2023
Economic uncertainties have seen Western economies grapple with challenges such as high-interest rates, amidst geopolitical issues like the war in Ukraine. This ripple effect has significantly impacted the wealth management sector.
UK FinTech Perenna secures $52m shortly after acquiring banking licence
UK mortgage lending startup Perenna has raised $52m within weeks of securing an unrestricted banking licence.
FCA outlines ambitious plans to elevate diversity in financial sector
The Financial Conduct Authority (FCA) is taking substantial steps to enhance diversity within the financial services sector.
Embedded insurance firm Qover gains crucial FCA full authorisation
Qover, a leader in embedded insurance orchestration, has achieved a significant milestone by securing full authorisation from the FCA.
What investment firms need to know about Market Watch 74
The UK FCA recently unveiled Market Watch 74, a newsletter offering an in-depth look into regulatory concerns.
Ex-Monzo leaders introduce Sync Savings with massive backing to transform UK...
Ex-Monzo executives, Joss Tasker and Alex Fox, have marked the inception of their latest FinTech venture, Sync Savings. The dynamic duo is setting out to address challenges faced by the UK's cash savings sector, a market that has been in need of innovation for a considerable period.
The importance of eComms recordkeeping in FinTech
In the past few months, both the SEC and CFTC have targeted numerous Wall Street firms for extensive recordkeeping oversights. This resulted in eye-watering penalties surpassing $1.5bn. Both major and minor firms should anticipate that this assertive enforcement will remain unrelenting.
Do banks and building societies have their customers’ best interests at...
Research has found 46% of people do not believe their banks or building societies have their best interests at heart.
FCA outlines path for new sustainability disclosure standards by 2026
The FCA has revealed its timeline for integrating ISSB's first two standards into UK's sustainability disclosure regulations for public entities.