UK watchdog seeks to clarify insurance claims for disrupted businesses
FCA has informed all insurers in the country to assess whether they should be providing partial policy refunds for businesses...
Tag : Financial Conduct Authority
European banks must seize the immense opportunities presented by open banking
The technology has gained prominence because of its ability to supersede archaic interfaces and slow networks in a short time span...
Implementing technical and organisational measures to defend against cyber risks the priority for UK FIs in 2019
The Financial Conduct Authority in its latest report says lack of technical expertise within organisations is the reason they are unable to mitigate risks...
Why it’s too early to say that the UK’ s MLR 2017 is failing
For the law to fully protect the existing financial system from money laundering, the UK needs a far more risk-based approach...
Artificial intelligence versus regulation: friends or foes?
Regulation is the most frequent knee-jerk response to any such question of ‘what if...’. However, many regulators are cautious about imposing regulation in a vacuum, seeking to prescribe or proscribe technologies rather than focusing on particular applications of technologies...
Open banking and a forex company – complete customer satisfaction
London-based international payments and forex company, Caxton, recently procured its FCA licence to launch its open banking solution. CEO Rupert Lee-Browne talks about these services, the relevance of tech in financial services and more...
FCA announces new proposals to protect millions using overdrafts and high-cost credit
The Financial Conduct Authority (FCA) is consulting on follow an in-depth review into the high-cost credit market and are expected to reduce the costs for consumers and give them greater control over their finances...
Amicus applies for banking licence
May receive licence in 2017 October 19, 2016: Amicus Finance, a leading specialist financial services group, announced that it has submitted a banking licence application to the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA). Subject to authorisation it anticipates receiving its banking licence in 2017. The new banking licence will enable Amicus...
Redwood submits banking licence application
Initially, focus will be on UK SMEs in Hertfordshire, Bedfordshire and Buckinghamshire October 17, 2016: Acorn Financial Partners (AFP), a new venture founded and led by Jonathan Rowland, announced that it has submitted a banking licence application to the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA). On authorisation AFP will be called...
deVere Mortgages partners with Al Rayan Bank
deVere Mortgages partners with Al Rayan Bank ,To offer Sharia compliant home finance to purchase property in the UK October 11, 2016: deVere Mortgages and Al Rayan Bank have entered into a strategic partnership to offer Sharia-compliant mortgage alternatives to the growing number of expats looking to purchase property in the UK. The alliance follows...