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The UK’s Financial Conduct Authority (FCA) have extended their deadline for implementing Strong Customer Authentication (SCA) for e-commerce transactions to 14th of March 2022. “This further six month extension is... read more

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Atom bank, the UK’s first app-based bank, is reported to be delaying the launch of consumer current accounts until at least 2018. Atoms CEO blames forthcoming regulations that make the UK’s personal banking market too “ambiguous and uncertain”. The digital-only lender, which has amassed close to £500m in loans and almost the same amount of deposits since its launch in [...]

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The FCA is investigating the role of British banks in the alleged processing of hundreds of millions of pounds for a Russian money laundering scheme dubbed “the Laundromat” the growing scrutiny is weighing whether to launch a full investigation. Simon Kirby, the City minister, was forced to answer a question in parliament about the latest revelations [...]

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There has been a sharp rise in the number of e-money providers registered with the Financial Conduct Authority (FCA) over the last two years, with 79 now authorised in total, more than double the 38 authorised in 2013, according to Bovill, a financial services regulatory consultancy. E- money providers are part of a wave of new [...]

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