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UK’s FCA Proposes That Payments Firms’ Client Assets Be Held on Trust

UK’s FCA Proposes That Payments Firms’ Client Assets Be Held on Trust
UK’s FCA Proposes That Payments Firms’ Client Assets Be Held on Trust
September 25, 2024  |  Regulation

The United Kingdom’s Financial Conduct Authority (FCA) proposed requiring payments and eMoney firms to participate in a client assets (CASS) system in which funds and...

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HSBC: Tech Sector Should Help Refund APP Fraud Victims
HSBC: Tech Sector Should Help Refund APP Fraud Victims
September 24, 2024  |  Security & Fraud

British banking giant HSBC wants the tech industry’s help with new fraud reimbursement rules. Get the Full Story Complete the form to unlock this article...

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Mastercard Taps AI to Tackle UK APP Fraud Epidemic
Mastercard Taps AI to Tackle UK APP Fraud Epidemic
September 24, 2024  |  Fraud Prevention

Mastercard has introduced what it says are new protections against real-time payment scams. Get the Full Story Complete the form to unlock this article and enjoy...

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DailyPay to Expand Earned Wage Access Services to UK
DailyPay to Expand Earned Wage Access Services to UK
September 23, 2024  |  Disbursements

DailyPay will expand its earned wage access (EWA) services to the United Kingdom this fall. Get the Full Story Complete the form to unlock this...

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Report: JPMorgan Chase Trials UK Credit Card on Mobile App
Report: JPMorgan Chase Trials UK Credit Card on Mobile App
September 20, 2024  |  Banking

JPMorgan Chase is reportedly testing a credit card product in the United Kingdom. Get the Full Story Complete the form to unlock this article and...

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Small Businesses Will Benefit From Restrictions on Late Payments, UK Government Says
Small Businesses Will Benefit From Restrictions on Late Payments, UK Government Says
September 20, 2024  |  SMBs

The U.K. government aims to crack down on late payments, saying it will propose new laws and step up the enforcement of existing ones to...

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Yonder Raises $31 Million to Expand Credit Card Outside UK
Yonder Raises $31 Million to Expand Credit Card Outside UK
September 19, 2024  |  Investments

Yonder has raised 23.4 million pounds (about $31.1 million) to expand its credit card designed to help cardholders build good credit habits while earning rewards....

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FCA Head Nikhil Rathi Says AI Has Benefits and Risks for Financial Inclusion
FCA Head Nikhil Rathi Says AI Has Benefits and Risks for Financial Inclusion
September 19, 2024  |  Artificial Intelligence

The hyper-personalization of insurance enabled by artificial intelligence could benefit some customers but render others “uninsurable,” Nikhil Rathi, CEO of the United Kingdom’s Financial Conduct...

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UK’s FCA Cautions Banks About Lowering Savings Rates Too Quickly
UK’s FCA Cautions Banks About Lowering Savings Rates Too Quickly
September 18, 2024  |  Bank Regulation

At a time when the market expects interest rates to continue dropping, the United Kingdom’s Financial Conduct Authority (FCA) is cautioning banks and building societies...

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