Tag: FCA

Invest tech, RegTech

FCA Appoints Fintech & Regtech Advisors to Speed Up Innovation

February 6, 2023

Via: The Fintech Times

The UK’s financial regulatory body has appointed seven advisors to a new Innovation Advisory Group (IAG) which will meet for the first time this month. The IAG will also alert the FCA on key issues in financial technology and regulation […]

Invest tech, RegTech

UK regulators fine TSB £48.6m over “operational resilience failings”

December 20, 2022

Via: FinTech Futures

The FCA states that following the update, while the data for the bank’s corporate and customer services was migrated successfully to the new IT platform, the platform “immediately experienced technical failures” leading to “significant disruption” in TSB’s banking services, including […]

Invest tech, RegTech

Moneyhub Casts Dim Outlook on the Successful Adoption of the FCA’s Consumer Duty

November 9, 2022

Via: The Fintech Times

Twenty-two per cent of CEOs, chairmen and directors admit that the banks and building societies they work for are unlikely to become compliant with the regulation by the time the April deadline comes around. This is the central concern of […]