The UK’s Financial Conduct Authority has issued new guidance to payment providers and e-money companies on safeguarding customers’ funds; the...
The Financial Conduct Authority released firm-specific complaint data for the second half of 2019 which showed that challenger banks hold...
Visa, Mastercard Fined Wirecard for Dubious Transactions Mexico-Based Prop Tech Flat.mx Secures $25 Million in Debt Financing From Arc Labs...
The UK’s Financial Conduct Authority approved new rules for the p2p lending market that many think will weed out weaker...
It is unsurprising that the UK has embraced the financial market shift to fintech, but where do they stand on a global scale?
HNW Lending offers secured loans from 50,000 British pounds ($62,375) to 1 million British pounds ($1.2 million) for a range of assets including planes and classic cars; the firm launched in April 2014 and is now offering the innovative finance individual savings account (IFISA) to its investors after receiving full platform authorization from the Financial Conduct Authority; the minimum investment for the IFISA is 5,000 British pounds ($6,238) and the accounts will target annual returns of 7% to 15%. Source
Mastercard expands cryptocurrency program to allow more firms to issue cards on its network Inside Betterment’s move into banking with...
The UK’s Financial Conduct Authority (FCA) has grown worried that ads of promised returns from p2p lenders in the UK...
ParentPay is an online payments service in the UK that is used by more than 5 million families and 13,000...
The Financial Conduct Authority's P2P lending standards have caused only 40% of P2P loans to be covered under the HM Treasury's 36H regulation; 36H regulation is a compliance factor that P2P firms are concerned with; the differing definitions involve the matching of the loans; the complex process of institutional pre-funding and subsequent loan matching has been a factor resulting in discrepancies between the loan matching definitions from the 36H regulation and the Financial Conduct Authority's definition. Source