Tag: UK

With the UK’s FCA having released its final guidance on Consumer Duty proposals, firms have been given new requirements they must meet.  

Ireland has the highest fraud risk index in Europe with a rating of 7.44, according to research from payment processing information service Merchant Machine.

The FCA recently released its final guidance on Consumer Duty proposals, which enforces controls on firms to ensure they provide good outcomes for customers. Aveni recently outlined the five crucial areas firms need to improve to be Consumer Duty compliant.

More than one in ten people in the UK (12.1%) have been the victim of payments fraud in the last four years, according to new research from global payments company ACI Worldwide.

The UK’s Financial Conduct Authority (FCA) has confirmed plans for a new Consumer Duty, which it claims will improve how firms serve customers.

Over 10,000 customers were potentially affected by serious data incidents overseen by Her Majesty’s Revenue & Customs (HMRC) over the past year, according to their Annual Report & Accounts 2021-22.

Open banking maturity is growing across Europe, with the UK leading the charge for the second consecutive year, research from Yapily claims.

Isle of Man-based FinTech company blackfridge has secured its pre-Series A as it launches the first British-regulated stablecoin.

Sustainability ratings business EcoVadis has raised $500m in a funding round, which makes it the latest sustainability impact unicorn.

RegTech solution provider Regnology has acquired Tax Information Reporting (TIR) software from PwC UK.