Fiona Jelly Founder The Financial Conduct Authority's (FCA) new Consumer Duty marks a huge shift in the financial regulatory landscape, ushering in new consumer-centric standards. The duty requires firms to put their customer's needs first and to weave the Consumer Duty into the operational fabric of their business.In this blog, we’ll cover the key aspects of the...
Fiona Jelly Founder Effective reporting to the FCA is essential for Payment and e-Money Companies, but time and again they end up making the same mistakes. They may be confused about reporting requirements and legal terminology. Or perhaps they’ve hard-coded bad logic into their internal spreadsheets. To top it off, they’re often hampered by a lack of time...
Fiona Jelly Founder With limited time, a tight budget and lots of other responsibilities, how in the world will you navigate the increasingly complex FCA authorisation process? But you must!However, the stark reality is that in 2022, the FCA authorised 20 Payment and e-Money firms compared with 71 firms in 2021. A major factor is the FCA’s...
