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Financial Conduct Authority Stories

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Financial Conduct Authority stories

Beyond capital: How Scotland is shaping the future of fintech
Fintech

Beyond capital: How Scotland is shaping the future of fintech

Private backing and public funding are helping Scottish fintech firms scale AI tools, with Aveni's GBP £12 million round and FRIL's GBP £3.18 million boost.

By Pamela Bryer • 4 min read • Yesterday
AutoRek buys Grath to expand AI reconciliation tools
Software-as-a-Service

AutoRek buys Grath to expand AI reconciliation tools

The deal gives financial firms more deployment options as demand grows for AI-led reconciliation without sacrificing auditability or regulatory control.

By Sofiah Nichole Salivio • 3 min read • 2 days ago
New UK Critical Third Party regime: why this is only the beginning for financial institutions
Software-as-a-Service

New UK Critical Third Party regime: why this is only the beginning for financial institutions

Financial institutions still face hidden fourth-party risks even after Microsoft, Google Cloud, AWS and Oracle were designated as critical providers.

By Wayne Scott • 5 min read • Last week
UK finance brands lag in paid social ad creativity
Fintech

UK finance brands lag in paid social ad creativity

Paid social costs are rising as UK finance marketers struggle to produce enough creative for platforms that now reward constant ad testing.

By Karen Joy Bacudo • 4 min read • Last week
UK homeowners sit on £411.7bn usable housing equity
Property Market

UK homeowners sit on £411.7bn usable housing equity

Slowing sales and flat prices are leaving mortgaged households with billions of pounds in home wealth they could tap without selling.

By Karen Joy Bacudo • 4 min read • Last week
UK fintech faces tougher oversight as rules tighten
Data Analytics

UK fintech faces tougher oversight as rules tighten

Regulators are widening scrutiny of digital finance, forcing UK fintechs to overhaul cloud, payments and data strategies to meet tougher standards.

By Sofiah Nichole Salivio • 7 min read • Last week
FinregE warns UK AI plan needs stronger bank controls
Digital Transformation

FinregE warns UK AI plan needs stronger bank controls

Banks and insurers face a gap between the plan's broad AI aims and the controls needed to satisfy compliance and audit demands.

By Karen Joy Bacudo • 4 min read • Last week
FICO urges UK banks to boost personalisation amid switching
Digital Transformation

FICO urges UK banks to boost personalisation amid switching

Switching rose 43% in Britain last quarter, adding pressure on banks to tailor offers as digital-only accounts neared half of households.

By Sofiah Nichole Salivio • 4 min read • Last month
Marshmallow adds AI to marketing compliance checks
Artificial Intelligence

Marshmallow adds AI to marketing compliance checks

The insurer will use AI to speed reviews of adverts and website copy while keeping human sign-off under FCA Consumer Duty rules.

By Sofiah Nichole Salivio • 4 min read • Last month
PayPal adds new Pay in 30 Days option for UK shoppers
Fintech

PayPal adds new Pay in 30 Days option for UK shoppers

The fee-free option gives eligible UK shoppers up to 30 days to settle online purchases from GBP £1 to GBP £900 at checkout.

By Karen Joy Bacudo • 4 min read • Last month
Merchants urged to check BNPL compliance at checkout
Fintech

Merchants urged to check BNPL compliance at checkout

Shoppers could face clearer repayment terms and stricter affordability checks as UK oversight of buy now, pay later products tightens.

By Karen Joy Bacudo • 3 min read • Last month
Most Buy Now, Pay Later users unaware of new UK rules
Fintech

Most Buy Now, Pay Later users unaware of new UK rules

Many shoppers could soon face affordability checks at checkout as 59% of BNPL users say they have not heard of the new rules.

By Karen Joy Bacudo • 5 min read • Last month
BNPL use among PayPlan customers rises 3,793% in UK
Fintech

BNPL use among PayPlan customers rises 3,793% in UK

Awareness of new rules remains low even as PayPlan customers increasingly use buy now, pay later to cover everyday household costs.

By Sofiah Nichole Salivio • 4 min read • Last month
BoE to oversee AWS, Google Cloud, Microsoft & Oracle
Hyperscale

BoE to oversee AWS, Google Cloud, Microsoft & Oracle

Banks and insurers face tighter resilience checks as four cloud providers come under joint UK supervision for the first time.

By Karen Joy Bacudo • 4 min read • Last month
Association of Financial Mutuals urges growth reforms
Law Commission

Association of Financial Mutuals urges growth reforms

Regulatory reform could help mutual lenders and insurers close gaps in protection, healthcare and savings for households outside mainstream finance.

By Sofiah Nichole Salivio • 4 min read • Last month

Global Stories

Financial Conduct Authority stories

US & UK set out taskforce plans for digital finance
Fintech

US & UK set out taskforce plans for digital finance

Cross-border trading in tokenised assets and stablecoins could expand after regulators on both sides of the Atlantic agreed to align standards.

By Karen Joy Bacudo • 4 min read • Last month
UK AI rules in finance create compliance patchwork
Data Protection

UK AI rules in finance create compliance patchwork

Most UK lenders now face overlapping FCA, PRA and data rules on AI, as 75 per cent of firms already deploy the technology.

By Sofiah Nichole Salivio • 4 min read • Last month
ThetaRay appoints Santander veteran to strategy role
Fintech

ThetaRay appoints Santander veteran to strategy role

The hire brings Santander compliance expertise into ThetaRay as banks face tougher anti-money laundering oversight and demand proof their controls work.

By Karen Joy Bacudo • 4 min read • Last month