Latest opinions that Francesco Fulcoli has shared on Finextra

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Francesco Fulcoli

Chief Compliance and Risk Officer

Flagstone

Member since

03 Oct 2023

Location

London

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Francesco's opinions

Unmasking How Fraudsters Target UK Consumers in the Digital Age

Fraud is evolving at an alarming pace, leaving UK consumers vulnerable in a digitally interconnected world. The Payment Systems Regulator’s (PSR) latest report, Unmasking How Fraudsters Target UK Consumers in the Digital Age, shines a spotlight on the tactics fraudsters employ, their impact on consumer confidence, and the measures being implemente...

19 December 2024 /payments /crime Fintech

FCA Consumer Duty Publications Summary (December 2024)

The FCA has been at the forefront of implementing the Consumer Duty, a significant shift in regulatory focus aimed at ensuring better outcomes for consumers across the financial services sector. With the framework now fully in force for open and closed products, the FCA has released a series of key publications to guide firms in their journey of e...

16 December 2024 /regulation /inclusion Fintech

Enhancements to the FCA's Financial Crime Guide: PS24/17 Updates

The 29th of November 2024, the Financial Conduct Authority (FCA) published Policy Statement PS24/17, which introduced significant updates to its Financial Crime Guide (FCG). These revisions followed a consultation period launched in April 2024 (CP24/9) and were driven by the FCA’s ongoing commitment to ensuring that firms possess robust systems...

04 December 2024 /regulation /crime Fintech

Insights into the FCA Crypto Roadmap and Consumer Research

The UK's Financial Conduct Authority (FCA) is making significant progress toward regulating the burgeoning cryptoasset sector. Its recently unveiled Crypto Roadmap outlines a comprehensive framework spanning 2023 to 2026. This plan seeks to create a safe, competitive, and sustainable crypto industry by addressing key areas like stablecoin regulat...

29 November 2024 /regulation /crypto Fintech

Understanding and Combating Organised Fraud: A Global Perspective

The United Nations Office on Drugs and Crime (UNODC) recently released a comprehensive issue paper on organised fraud, shedding light on this increasingly sophisticated and pervasive form of criminal activity. The report underscores the urgent need for a coordinated global response to counter the diverse forms of organized fraud, which exploit bo...

18 November 2024 /payments /crime Fintech

National Payments Vision 2024: The UK's Vision for a World-Leading Ecosystem

The ability to make and receive payments underpins daily life and commerce, while the payments sector itself drives innovation and hosts some of the country’s highest growth businesses. To bolster this pivotal sector, the UK government has published the National Payments Vision, outlining its ambition for a world-leading payments ecosystem. The V...

15 November 2024 /payments /regulation Fintech

Operational Resilience in the UK Financial Sector: A New Era of Oversight for Critical Third Parties

The financial sector's reliance on third-party services has grown exponentially. These external providers play an important roles in delivering essential services, from cloud computing to payment processing. However, with increased dependency comes heightened risk. A disruption or failure in these services could reverberate across the financial ec...

12 November 2024 /regulation /inclusion Fintech

The New Era of Corporate Accountability: What You Need to Know About the Failure to Prevent Fraud

The UK Government’s introduction of the "Failure to Prevent Fraud" offence under the Economic Crime and Corporate Transparency Act 2023 marks a significant milestone in the fight against corporate fraud. This new offence places a legal obligation on large organizations to actively prevent fraud by their employees, agents, or subsidiarie...

06 November 2024 /regulation /crime Fintech

Autumn Budget 2024: Laying the Foundations for Economic Stability and Growth

The Autumn Budget 2024, presented by Chancellor Rt Hon Rachel Reeves , represents Labour’s return to power and is aimed at economic reform, investment in public services, and strengthening support for working families. Here, the budget’s major areas, offering key details, percentages, and figures that reflect the government’s fiscal vision and co...

30 October 2024 /inclusion /markets Fintech

Illegal Finfluencers: FCA’s Crackdown on Financial Promotions on Social Media

The rise of social media as a powerful platform for influencing financial decisions has brought with it significant risks, especially when it comes to "finfluencers" social media personalities offering financial advice or promoting investment products. While these influencers may have the trust of their audiences, the UK's Financial Cond...

23 October 2024 /inclusion /crime Fintech

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