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Financial Conduct Authority Stories

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Financial Conduct Authority stories

UK fintech faces tougher oversight as rules tighten
Data Analytics

UK fintech faces tougher oversight as rules tighten

Regulators are widening scrutiny of digital finance, forcing UK fintechs to overhaul cloud, payments and data strategies to meet tougher standards.

By Sofiah Nichole Salivio • 7 min read • Yesterday
FinregE warns UK AI plan needs stronger bank controls
Digital Transformation

FinregE warns UK AI plan needs stronger bank controls

Banks and insurers face a gap between the plan's broad AI aims and the controls needed to satisfy compliance and audit demands.

By Karen Joy Bacudo • 4 min read • 3 days ago
FICO urges UK banks to boost personalisation amid switching
Digital Transformation

FICO urges UK banks to boost personalisation amid switching

Switching rose 43% in Britain last quarter, adding pressure on banks to tailor offers as digital-only accounts neared half of households.

By Sofiah Nichole Salivio • 4 min read • Last week
Marshmallow adds AI to marketing compliance checks
Artificial Intelligence

Marshmallow adds AI to marketing compliance checks

The insurer will use AI to speed reviews of adverts and website copy while keeping human sign-off under FCA Consumer Duty rules.

By Sofiah Nichole Salivio • 4 min read • Last week
PayPal adds new Pay in 30 Days option for UK shoppers
Fintech

PayPal adds new Pay in 30 Days option for UK shoppers

The fee-free option gives eligible UK shoppers up to 30 days to settle online purchases from GBP £1 to GBP £900 at checkout.

By Karen Joy Bacudo • 4 min read • This month
Merchants urged to check BNPL compliance at checkout
Fintech

Merchants urged to check BNPL compliance at checkout

Shoppers could face clearer repayment terms and stricter affordability checks as UK oversight of buy now, pay later products tightens.

By Karen Joy Bacudo • 3 min read • This month
Most Buy Now, Pay Later users unaware of new UK rules
Fintech

Most Buy Now, Pay Later users unaware of new UK rules

Many shoppers could soon face affordability checks at checkout as 59% of BNPL users say they have not heard of the new rules.

By Karen Joy Bacudo • 5 min read • This month
BNPL use among PayPlan customers rises 3,793% in UK
Fintech

BNPL use among PayPlan customers rises 3,793% in UK

Awareness of new rules remains low even as PayPlan customers increasingly use buy now, pay later to cover everyday household costs.

By Sofiah Nichole Salivio • 4 min read • This month
BoE to oversee AWS, Google Cloud, Microsoft & Oracle
Hyperscale

BoE to oversee AWS, Google Cloud, Microsoft & Oracle

Banks and insurers face tighter resilience checks as four cloud providers come under joint UK supervision for the first time.

By Karen Joy Bacudo • 4 min read • This month
Association of Financial Mutuals urges growth reforms
Law Commission

Association of Financial Mutuals urges growth reforms

Regulatory reform could help mutual lenders and insurers close gaps in protection, healthcare and savings for households outside mainstream finance.

By Sofiah Nichole Salivio • 4 min read • This month
Kord raises GBP £6.4 million to scale regulated fintech
Digital Transformation

Kord raises GBP £6.4 million to scale regulated fintech

The cash will help the fintech expand its team and product as regulated firms seek faster onboarding, compliance checks and payments.

By Sofiah Nichole Salivio • 4 min read • This month
UK banks vow to improve access to basic bank accounts
Customer Experience

UK banks vow to improve access to basic bank accounts

FCA findings show vulnerable customers are still missing out on basic bank accounts, prompting nine banks to tighten offer and application processes.

By Karen Joy Bacudo • 4 min read • This month
UK payments firms face rising compliance cost pressure
Fintech

UK payments firms face rising compliance cost pressure

Regulatory change is squeezing margins at UK payments firms, with 45% saying compliance costs are rising faster than revenue.

By Joseph Gabriel Lagonsin • 3 min read • This month
Ecommpay shortlisted for four Women in Tech awards
Fintech

Ecommpay shortlisted for four Women in Tech awards

The payments firm's diversity work has put it in contention alongside two senior leaders as the awards spotlight women in technology workplaces.

By Sofiah Nichole Salivio • 4 min read • This month

Global Stories

Financial Conduct Authority stories

US & UK set out taskforce plans for digital finance
Fintech

US & UK set out taskforce plans for digital finance

Cross-border trading in tokenised assets and stablecoins could expand after regulators on both sides of the Atlantic agreed to align standards.

By Karen Joy Bacudo • 4 min read • This month
UK AI rules in finance create compliance patchwork
Data Protection

UK AI rules in finance create compliance patchwork

Most UK lenders now face overlapping FCA, PRA and data rules on AI, as 75 per cent of firms already deploy the technology.

By Sofiah Nichole Salivio • 4 min read • This month
ThetaRay appoints Santander veteran to strategy role
Fintech

ThetaRay appoints Santander veteran to strategy role

The hire brings Santander compliance expertise into ThetaRay as banks face tougher anti-money laundering oversight and demand proof their controls work.

By Karen Joy Bacudo • 4 min read • This month
LemFi buys Wealth8 to add investing to its platform
Fintech

LemFi buys Wealth8 to add investing to its platform

The deal broadens LemFi's UK offering as it seeks to help internationally mobile customers move from transfers and savings into investing.

By Karen Joy Bacudo • 3 min read • This month