Tag: Prudential Regulation Authority

Revolut Trading has secured a UK trading licence from the Financial Conduct Authority (FCA), marking a significant step forward in its mission to provide advanced investment services.

UK InsurTech investment stats in 2023: • UK InsurTech companies raised a combined $395m in 2023, a 43% increase from 2022 • UK InsurTech deal activity...

Key UK InsurTech seed deal investment stats in Q1-Q3 2023: • UK InsurTech seed deal activity reached 16 deals in Q1-Q3 2023, a 47% drop...

Revolut, the prominent FinTech player, has successfully negotiated a share deal with its primary backer, SoftBank.

In the first half of 2023, European WealthTech firms raise a combined funding of $553m, marking a substantial 90% decrease compared to the same...

Four financial regulators in the UK have a Memorandum of Understanding (MoU) that sets out the framework the authorities use to cooperate in relation to UK payment systems.

The measures put in place to ensure regulated businesses have enough time to publish audited financial reports are still valid, remind two UK regulators.

The UK’s Prudential Regulator Authority (PRA) has fined Citigroup £43.9m for failings in relation to their internal controls and governance arrangements.

British lawmakers have had enough of banks’ IT problems and urge regulators to become stricter in the future, punishing those that fail to live up to expectations.

The UK government has launched its Green Finance Strategy which aims to improve responses to the financial risks from climate change.