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FCA chief says tech giants need to collaborate to protect consumers

The chief executive of the UK’s Financial Conduct Authority (FCA) has stated tech giants need to collaborate with the regulator to better protect consumers.

What will happen to UK FinTech after Brexit?

Britain is officially leaving the EU on January 31. The question is if the UK’s FinTech scene is ready.

The European Commission wants to give the UK a worse trading...

Signing a great trade deal with the EU after Brexit might be trickier for Boris Johnson than he lets on.

Should banks face heavy fines for IT failures?

Despite the large adoption of digital banking services in the UK, many providers do not have safeguards in place for if their services go down. In the event of a system failure, it can mean millions of customers are left in the dark about their finances, unable to check accounts or even complete transactions.

Most website cookies in UK don’t meet GDPR compliance

Most cookies used in the UK do not consent to European data privacy and GDPR requirements, according to a new study from Aarhus University, MIT and UCL.

FCA seeks comments on opportunities of Open Finance

The Financial Conduct Authority (FCA) commenced a Call for Input (CfI) on opportunities created by Open Finance.

More than 50% of UK consumers ready to drop passwords for...

Over half of consumers (57%) in the UK would be happy to replace passwords and pins with biometric verification, according to a study from Equifax.

EBA releases guide to help consumers choose the best online bank...

The European Banking Authority (EBA) has released new advice for consumers when choosing an online banking or mobile banking services.

HSBC and Santander to refund customers after breaching CMA rules

HSBC and Santander are to refund their customers after they both failed to comply with the Competition and Market Authority’s (CMA) rules.

UK’s FCA launches consultation on benchmark administrators under SM&CR

The UK’s Financial Conduct Authority (FCA) has released a consultation on how to apply the Senior Managers Regime (SMR) to benchmark administrators.

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