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FCA

fca
Fintech
·Apr. 21, 2023

Could the permanent Digital Sandbox boost UK innovation?

The approval of the EU's MiCA legislation highlights post-Brexit UK's regulatory shortcomings - could it be boosted?
Read Full Story
piggy bank
Fintech
·Nov. 30, 2022

Cost of living crisis critical: UK fintech sector mobilizes

Worsening conditions for the public's financial health have caused the FCA to launch a consultation. The fintech sector is already way ahead.
Read Full Story
3 coins
Regulation
·Apr. 13, 2022

FCA warns operators of crypto ATM closures

The Financial Conduct Authority (FCA) removed 12 UK crypto firms from its registration list, leaving only five companies with a temporary registration status.
Read Full Story
central bank / CBDCCryptodecentralized financeopen sourcephilosophyregulation & compliancestablecoins
·Dec. 21, 2020

Crypto regulatory wargames with FinCen, FCA, and the US House of Reps, impacting Paxos, Compound, BBVA, and Northern Trust

This week, we look at:

  • Proposed US regulation from FinCEN, legislation from the House of Representatives, and UK FCA registration requirements that would impact the crypto industry

  • The difference between competition for share within an established market, and competition between market paradigms (think MSFT vs. open source, finance vs. DeFi)

  • The crypto custodian moves from BBVA, Standard Charters, and Northern Trust

  • The bank license moves from Paxos and BitPay, as well as the planned launch of a new chain by Compound, in the context of the framework above

Permissionless finance is a paradigm breach. It pays no regard for the very nature of the incumbent financial market. Without banking, it creates its own banks. Without a sovereign, it bestows law on mathematics and consensus. Without broker/dealers, it creates decentralized robots. And so on. It tilts the world in such a way as to render the economic power of the incumbent financial market less important. Not powerless -- the allure of institutional capital is a constant glimmer of greedy, opportunistic hope. But the hierarchy of traditional finance does not extend to DeFi, and thus has to be re-battled for the incumbent. This is cost, and annoying.

Read Full Story
EuropeFintech
·Jul. 9, 2020

A Better UK Regulatory Regime Could Have Avoided Fallout From Wirecard Scandal

Last month as Wirecard was unraveling the UK’s Financial Conduct Authority temporarily suspended Wirecard Card Solutions (WCS) from operating; this...
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nova credit product
Fintech
·Jan. 20, 2023

Nova Credit receives FCA approval as first cross-border credit reference provider

Nova Credit UK will assist in improving access to credit products for the nation's growing immigrant population.
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customer care
Fintech
·Oct. 17, 2022

Customer Duty legislation could create opportunity

The FCA's first deadline for Customer Duty is looming, but many businesses are still noncompliant. It could be an opportunity for growth.
Read Full Story
artificial intelligencechatbots & other robotsCryptodigital lendingpaytechregulation & compliance
·Jun. 30, 2021

Building the best payments fiat to crypto onramp, with Ivan Soto-Wright of MoonPay

In this conversation, we have a really cool conversation on fintech, crypto assets, payments and all the things around it with Ivan Soto-Wright, the CEO and Co-founder of MoonPay.

More specifically, we discuss Liability-driven Investment (LDI), the proliferation of AI in personal finance to drive sound decision-making, innovation in finance is following the same trajectory that resulted in VOIP for the telecommunication industry, the geographical maze of crypto KYC, payment networks, and crypto payment processing.

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EuropeFintech
·Jul. 13, 2020

The FCA Move to Shutdown Wirecard Left Vulnerable Populations Without Access to Food

There is more blowback in the UK over the decision by the FCA to temporarily shut down Wirecard Card Solutions...
Read Full Story
EuropeFintech
·Jul. 1, 2020

Transferwise to Launch Investment Offering in the UK

Transferwise has obtained a license from the UK’s Financial Conduct Authority to offer retail investments to clients; while Transferwise has...
Read Full Story
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