UK’s FCA selects NayaOne to build and operate Digital Sandbox platform
The Digital Sandbox provides a “safe and secure” environment for companies to build and test their products.
The Digital Sandbox provides a “safe and secure” environment for companies to build and test their products.
Paynetics was previously operating in the UK under the FCA’s Temporary Permission Regime.
The FCA ordered WealthTek to cease all operations last week, citing “serious regulatory and operational issues”.
The company raised £1.5 million in a seed funding round last year.
It says many firms present “an unacceptable risk of harm” to their customers.
The FCA says technical failures in TSB’s IT system led to customers being unable to access banking services.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Gatehouse Bank agreed to settle early, which led to a 30% reduction to the original penalty of £2.2 million.
The move comes as part of the regulator’s work in response to the increasing cost of living.
Banks and building societies will have to assess the impact of any reduction in the services they provide.
The agency says Monzo has taken adequate steps to end the breach and prevent a recurrence.
Our top pick of news from the world of finance and tech in bitesize video format, every week.
The FCA says HSBC’s transaction monitoring systems showed “serious weaknesses” between 2010 and 2018.
Milton Keynes-based data firm wins regulator contract running until April 2024.
UK bank faces rare criminal proceedings in December.
John Gidla joins the fintech after three years at the Financial Conduct Authority.
UK regulator issued a now-revealed warning to Binance in June.
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
The FCA is investigating Monzo over potential breaches of money laundering laws.
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
The watchdog estimates that around 2.3 million adults in the UK now hold cryptoassets.
The UK watchdog has extended application deadlines for firms to seek regulation.
A top pick of stories from the world of finance and tech in bitesize video format, twice a week.
Companies have six weeks to write to their customers.
UK regulator to provide greater help to those willing to come forward.
The bank will appear before Westminster Magistrates’ Court next month.
Bailey did not disclose his hand in creating the Asset Protection Agency.
Stephanie Cohen, Jessica Rusu, Sarah Pritchard, and Emily Sheppard all join the watchdog.
Some 33% admit “most” of their technology is legacy.
A growing number of customers are fleeing Wirex.
The FCA is anxious about the number of citizens who will find themselves in debt.
“Operating without a registration is a criminal offence,” says the FCA.
Payments and e-money firms experienced an 11% decrease in available liquidity.
Firms that have not used their regulatory permissions for the last 12 months are at risk of having it revoked.
Cybercriminals haven’t stopped their activities in 2020.
The UK regulator is one of 23 regulators taking part in the project.
The investigation found that GSI breached a number of FCA and PRA principles and rules.
“Our surveys have shown that younger and BAME consumers have been impacted more than others.”
UK regulator aims to clamp down on products “ill-suited” to the public.
UK regulator wants input on how better to regulate the sector.