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Does the Kalifa Review of UK FinTech go far enough?

By Kayne Osbourne MCSI | Brexit, Compliance, Consumer Credit, Credit Brokers, Credit Lenders, E Money, FCA Regulation, Financial Industries, FinTech, Insurance, Investment, Investment Advisor, Investment Manager, News, payments, regtech | 0 Comments

FinTech is no longer a niche within financial services, nor is it a subsector. In fact, it is a core asset for Global Britain. This was the message from Ron Kalifa OBE, author of the Kalifa Review of UK Fintech, received with much praise by the industry. The independent Treasury review published on February 26th is […]

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February Monthly Regulatory Highlights

By Kyte Ekstrom | AML, communications, Compliance, Digital, E Money, Financial Industries, FinTech, News, payments | 0 Comments

FCA Consultation Paper Proposing Changes to SCA-RTS and guidance for Payment Services and Electronic Money The FCA has published consultation paper CP21/3 on the proposed changes to RTS (Regulatory Technical Standards) on SCA (Strong Customer Authentication) explores changes to the FCA’s guidance on payment services and electronic money. The FCA are taking this opportunity to […]

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FCA Statement: Review Your Firms Regulatory Permissions

By Kyte Ekstrom | Compliance, Consumer Credit, Credit Brokers, Credit Lenders, E Money, FCA Regulation, Financial Industries, FinTech, Insurance, Investment, Investment Advisor, Investment Manager | 0 Comments

The mighty powers of the FCA are about to become even move vigilant! The Financial Services Bill 2019-2021 – which is currently making its way through parliament – means that the FCA will be able to act more quickly when they consider that firms are no longer carrying out regulated activities. The statement published on […]

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The Supreme Court Ruling for FCA Business Interruption Insurance Cases

By Kyte Ekstrom | Compliance, Financial Industries, FinTech, Insurance, News, Uncategorized | 0 Comments

If, like most insurance brokers, advisors and policyholders, you’ve been waiting with bated breath to find out the outcome of the business interruption insurance appeal. The wait is finally over. Depending on your perspective, you can either, finally take a sigh of relief, or exhale in exasperation as you read on. The Supreme Court handed […]

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FCA Publishes Paper on COVID-19 and Recording Communications

By Kyte Ekstrom | Brexit, communications, Compliance, FCA Regulation, Financial Industries, FinTech, News | 0 Comments

The idea of working from home; not having to drag yourself out of bed at the crack of dawn and foregoing the drudgery of the daily commute, seemed like an unattainable pipe dream less than a year ago. Now, ten months since the first lockdown, working from home looks set to be the norm for […]

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National Risk Assessment of Money Laundering and Terrorist Financing 2020

By Kyte Ekstrom | AML, Compliance, Financial Industries, FinTech, News | 0 Comments

If you’ve only just got up to speed with the implementation of the provisions of the 5th AML directive in 2020, and the UK’s Sanctions and AML Act in 2018 (which came into force at the end of the UK’s Brexit transition period) then news that HM Treasury and the Home Office have recently jointly […]

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Post Brexit compliance requirements for UK Investment Managers and Advisors

By Kyte Ekstrom | Brexit, Compliance, FCA Regulation, Financial Industries, FinTech, Investment, Investment Advisor, Investment Manager, News | 0 Comments

If you are unclear on the implications of the Withdrawal Agreement and how it will affect your business, you are not alone! The vague, obscure definitions, effectively mean a “hard Brexit” for financial services. The only decisive action agreed in the Joint Declaration states that the UK and EU will agree a framework for regulatory […]

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January – New Year Update

By Kyte Ekstrom | Brexit, Compliance, FCA Regulation, Financial Industries, FinTech, News | 0 Comments

2021 Top Trends in Fintech With Covid-19 raging globally and the economy in a state of uncertainty, you probably think 2021 is going to be a wash-out, a year of doom-and-gloom – well, you’d be wrong! Now, more than ever, individuals, families and businesses are turning to the digital world for solutions and the need […]

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