35 Results
Francesco Fulcoli Chief Compliance and Risk Officer at Flagstone
From May 2026, the Financial Conduct Authority is bringing in sweeping changes to how payment and e-money firms protect customer funds. These reforms, published in PS25/12, are aimed at fixing weaknesses that have led to big losses when firms failed, in some cases, customers got back less than half of what they were owed. Why now? The payments an...
11 August 2025 /payments /regulation Fintech
The European Banking Authority (EBA) recently published its fifth biennial Opinion and Report on money laundering (ML) and terrorist financing (TF) risks affecting the EU’s financial sector. While these reports are typically regulatory in nature, the 2025 edition reads like a warning bell for the fintech industry — especially for firms that are gr...
07 August 2025 /regulation /crime Fintech
A more proportionate, risk-based approach to AML compliance On 7 July 2025, the Financial Conduct Authority (FCA) published its finalised guidance FG25/3, updating how firms should treat politically exposed persons (PEPs) under the UK Money Laundering Regulations. This update follows a comprehensive multi-firm review, a public consultation (GC24/4...
08 July 2025 /payments /regulation Fintech
On 31 March 2025, the Bank of England Prudential Regulation Authority (PRA) announced a significant proposal: raising the Financial Services Compensation Scheme (FSCS) deposit protection limit from the current £85,000 to £110,000. This move marks the first change in the limit since 2017 and reflects an effort to keep pace with inflation and evol...
01 April 2025 /regulation /retail Fintech
The Financial Conduct Authority (FCA) has just released its new five-year strategy, and it sets a bold, forward-thinking agenda for the UK’s financial sector. Rather than simply tightening rules or reacting to emerging risks, the FCA is seeking to reshape its role, from watchdog to enabler, from reactive to purposeful. The strategy is anchored in...
26 March 2025 /regulation /crime Fintech
On 25 March 2025, the Financial Conduct Authority (FCA) published Feedback Statement FS25/2, which lays the groundwork for a multi-phase plan to simplify its regulatory framework following the implementation of the Consumer Duty. The initiative comes after widespread calls from firms and stakeholders to streamline the FCA’s rules, reduce unneces...
25 March 2025 /regulation /inclusion Fintech
The Financial Conduct Authority (FCA) and the Payment Systems Regulator PSR) have released their latest Feedback Statement (FS25/1) on Big Tech and digital wallets. This comprehensive document consolidates feedback received from stakeholders following their July 2024 Call for Information (CFI). It highlights the rapid adoption of digital wallets...
19 February 2025 /payments /regulation Fintech
The UK Financial Conduct Authority (FCA) has recently published its updated priorities for payments firms, providing crucial guidance on what is expected of Payment Institutions (PIs), Electronic Money Institutions (EMIs), and Registered Account Information Service Providers (RAISPs). These firms must align with the National Payments Vision, whi...
18 February 2025 /payments /regulation Fintech
The Financial Conduct Authority (FCA) has published its updated review of money laundering through markets (MLTM), building on prior work such as the 2019 thematic review (TR19/4). This latest analysis outlines progress, persistent gaps, and new challenges in combating financial crime in capital markets. It also provides practical recommendation...
23 January 2025 /regulation /crime Fintech
The Enterprise Fraud Risk Assessment (Practice Note) has been developed by the Government Counter Fraud Profession (GCFP) Centre of Learning, operating out of the Public Sector Fraud Authority. It was made public on the 13th of January 2025 to provide organizations with a robust framework for mitigating fraud risks and safeguarding resources. Fra...
20 January 2025 /regulation /crime Fintech
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.