Tag: FCA
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FCA allows Moneyhub to provide Credit Information Services
The Financial Conduct Authority (FCA) has granted Moneyhub, the leading financial technology company, permission to provide Credit Information Services to its customers, marking a significant milestone in the company’s growth trajectory. Moneyhub’s cutting-edge technology and innovative solutions have gained recognition for streamlining financial processes and empowering consumers. With the FCA’s approval, Moneyhub can now enhance…
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UK Audit Office questions FCA’s oversight of cryptocurrency industry
The United Kingdom’s Audit Office has raised concerns regarding the Financial Conduct Authority’s (FCA) oversight of the rapidly evolving cryptocurrency industry. In a recent report, the Audit Office highlighted potential risks and the need for better regulation to protect consumers and maintain the integrity of financial markets. As cryptocurrencies continue to gain popularity and increase…
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FCA proposes rules to maintain access to cash
The Financial Conduct Authority (FCA) has recently proposed new rules aimed at ensuring continued access to cash for UK consumers. With the increasing popularity of digital transactions, the FCA seeks to address concerns and provide protection for individuals who rely on cash as their primary means of payment. The rise of electronic payments may provide…
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Klarna received FCA authorisation in the UK
Klarna, the leading global retail bank, has recently been granted the authorization from the Financial Conduct Authority (FCA) to operate as a regulated financial services provider in the United Kingdom. This significant milestone demonstrates Klarna’s commitment to ensuring compliance with the highest regulatory standards. “We are thrilled to have received the FCA’s authorization, which is…
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FCA adds Metro Bank to its financial crime watchlist
FCA Adds Metro Bank to Its Financial Crime Watchlist In a recent development, the Financial Conduct Authority (FCA) has added Metro Bank to its financial crime watchlist, raising concerns about the bank’s anti-money laundering and fraud prevention efforts. This move highlights the growing emphasis on strengthening financial institutions’ risk management capabilities to combat illicit activities.…
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Mollie secures a Payment Institution licence in the UK from the FCA
London, United Kingdom – Mollie, the leading payment service provider in Europe, has announced that it has obtained a Payment Institution licence from the UK’s Financial Conduct Authority (FCA). This licence enables Mollie to expand its operations in the UK and offer its innovative payment solutions to businesses across different sectors. Obtaining the Payment…
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FCA and Modulr agree customer onboarding restrictions
FCA and Modulr Agree Customer Onboarding Restrictions The Financial Conduct Authority (FCA) has reached a significant agreement with Modulr, a leading digital payment platform, pertaining to customer onboarding restrictions. This strategic move by the FCA marks an important step towards ensuring the safety and security of financial transactions in the digital era. Enhancing Customer…
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Viva.com secures UK EMI licence from FCA
Breaking News In a significant development, Viva.com has announced the acquisition of the UK Electronic Money Institution (EMI) license, granted by the Financial Conduct Authority (FCA). This license positions Viva.com as an authorized payment services provider in the UK, enabling it to offer a full range of regulated electronic money services to its…
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FCA issues alerts following new crypto marketing regime
Important Announcement: The Financial Conduct Authority (FCA) has recently released alerts regarding the new regulatory regime governing cryptocurrency marketing. The FCA, UK’s financial regulatory body, has issued a significant warning to cryptocurrency firms operating within its jurisdiction following the implementation of the new crypto marketing regime. The New Regime The FCA’s new regime imposes stringent…
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Revolut attracts FCA scrutiny over red-flagged accounts
Revolut, the popular financial technology company, is now under the scrutiny of the Financial Conduct Authority (FCA) in the UK due to multiple red-flagged accounts. Established in 2015, Revolut has gained tremendous popularity, with millions of users relying on its digital banking services. The FCA, as the regulatory body responsible for overseeing financial institutions, has…
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Zumo launches platform that meets requirements of the FCA’s regime for crypto assets
Zumo Launches Platform that Meets Requirements of the FCA’s Regime for Crypto Assets Zumo, a leading provider of cryptocurrency wallets and payments, has announced the launch of a comprehensive platform that complies with the Financial Conduct Authority’s (FCA) regulatory framework for crypto assets. This move emphasizes Zumo’s commitment to providing a secure and regulated environment…