News
Stay up to date with the latest news in fintech, crypto, and digital finance. Our News section delivers concise, insightful coverage of market developments, funding rounds, regulatory updates, and innovations shaping the financial technology landscape.
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Taunton man charged under Data Protection Act by FCA
An individual was recently charged for a data protection breach under the Data Protection Act. This landmark decision marks a critical milestone in the fight against cybercrime. Nicholas Harper, a 26-year-old resident of Taunton, admitted guilt on Monday 1 September. However, he was cleared of additional charges of fraud and unauthorised business offences. The Financial…
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FCA Launches £1m Campaign for Motor Finance Customers
The Financial Conduct Authority (FCA) is launching a £1 million awareness campaign. The campaign’s goal is to educate motor finance customers about their ability to directly access a proposed industry-wide compensation scheme. Importantly, they can do so without the need for a claims management company (CMC) or law firm. Given the rising complexity of financial…
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Canadian Accountants Embrace Digital Shift, Xero Report Reveals
In this era of economic uncertainty, Canadian accounting practices are boldly moving forward. The State of the Accounting Industry Report by Xero credits this boost in confidence to a decisive move towards advisory services and accelerated technology adoption. The report uncovers that a remarkable 80% of practices feel positive about the future. This optimism stems…
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APAC Leads Global Surge in Cryptocurrency Adoption
The Asia-Pacific (APAC) region continues to strengthen its role as a significant hub for cryptocurrency innovation and adoption. Chainalysis provides recent insights, revealing a remarkable surge in on-chain activity in the area. Furthermore, this growth is speeding up at an unparalleled rate. By July 2022, APAC’s total on-chain activity had reached $81 billion. Yet, by…
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Taunton Man Convicted for Breaching Data Protection Act
Recently, a Taunton-based individual was convicted for breaching the Data Protection Act, underscoring the importance of data confidentiality. Nicholas Harper, 26, admitted to aiding or abetting an offence. The Financial Conduct Authority (FCA) initiated this prosecution. Breaching the Data Protection Act is a grave offence, serving as a warning to others to protect sensitive information…
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FCA Chief Economist Suggests Risk Rebalance for UK Growth
In a recent speech, Kate Collyer, the Chief Economist of the Financial Conduct Authority (FCA), highlighted a significant stagnation in financial sector productivity over the past decade. She made this announcement at the Warwick Business School’s event titled “Financial Regulation in Support of the UK’s Growth”. Moreover, she pointed out that the UK’s economic growth…
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FCA Launches £1m Campaign for Motor Finance Rights
The Financial Conduct Authority (FCA) intends to pour £1 million into a campaign. This campaign aims to enlighten motor finance customers about their entitlement to an industry-wide compensation scheme. Importantly, customers can access this without needing a claims management company (CMC) or law firm. Primarily broadcast on radio, the campaign underscores the regulator’s dedication to…
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Ripple and Securitize Boost RLUSD with Smart Contract Integration
Ripple and Securitize are joining forces to boost Ripple’s stablecoin, Ripple USD (RLUSD). They announced this collaboration on September 24, 2025. It brings RLUSD integration into smart contract features for tokenized funds. Specifically, it impacts BlackRock‘s USD Institutional Digital Liquidity Fund (BUIDL) and VanEck‘s Bitcoin Trust (VBILL). Traditional finance (TradFi) and decentralized finance (DeFi) have…
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Monmouth Marks FCA Cash Rules Anniversary with New Bank Hub
Monmouth, Wales, marked the first anniversary of the Financial Conduct Authority’s (FCA) access to cash rules through a notable event. The inauguration of a new banking hub symbolised the community’s successful use of these rules to retain their cash services. The FCA’s innovative regulations require banks and building societies to assess local needs before changing…
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FCA Ends Investigation into Wellesley & Co with No Action
The Financial Conduct Authority (FCA) has concluded its investigation into Wellesley & Co Limited (WCL), finding no serious misconduct. The FCA launched the probe in 2022, after Wellesley Finance Ltd (WFL), an unregulated entity, entered a Company Voluntary Arrangement (CVA). The FCA’s decision, a relief for WCL, came after the CVA of WFL sparked concerns…
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FCA Seeks Feedback on New Crypto Firm Standards
The Financial Conduct Authority (FCA) is actively inviting feedback on their latest cryptocurrency firm standards proposal. This action is part of a larger scheme to encourage good business practice in the fast-growing crypto industry. Interestingly, these proposals echo many requirements already met by traditional financial firms. They encompass operational resilience and crime prevention controls. In…
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FCA Seeks Feedback on Crypto Firm Regulation Proposals
The Financial Conduct Authority (FCA) is soliciting feedback on proposed minimum standards for cryptocurrency firms. These guidelines, mirroring those for conventional finance businesses, emphasize operational resilience and crime-combatting systems and controls. Through this initiative, the FCA targets the regulatory vacuum that digital currency companies might operate within. The objective is to subject these companies to…
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FCA Simplifies Website for Easier Supervisory Access
The Financial Conduct Authority (FCA) is making strides to simplify supervisory communications on their website. This commitment to ease of access aims to make it simpler for firms to find the most recent supervisory communications. The FCA continues to streamline their approach to ensure that relevant information is accessible and easy to understand. As part…
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Legal Challenge Over Bond Consolidated Tape Contract
Unexpectedly, breaking fintech news unveils a legal challenge to the bond consolidated tape provider contract. The party behind the challenge remains a mystery. Playing a crucial role in the finance industry, consolidated tape providers collect and distribute trading data from various exchanges. This provides a comprehensive, transparent view of trading activity, an invaluable tool for…
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FCA Chief Urges Risk Rebalance for UK Economic Growth
Recently, Kate Collyer, chief economist at the Financial Conduct Authority (FCA), delivered a speech at Warwick Business School. She touched on the urgency of risk rebalancing to stimulate innovation and growth. She pointed out the stagnant productivity in the UK financial sector over the last decade and the disappointing economic growth since the financial crisis.…
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FCA Convicts Individual for Data Protection Breach
The Financial Conduct Authority (FCA) recently brought to light an unusual case. A 26-year-old, Nicholas Harper, faced conviction for breaching the Data Protection Act. Despite being cleared of fraud and unauthorised business offences, he was found guilty of aiding an offence. This case stands out in the fintech sector, as it’s a rare example of…
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FCA Chief Economist Urges Rebalance of Risk for UK Growth
During a recent address at Warwick Business School, Kate Collyer, the chief economist at the Financial Conduct Authority (FCA), discussed the UK’s financial sector’s decade-long productivity stagnation. Furthermore, she voiced concerns about the UK’s underwhelming economic growth post-financial crisis. Collyer underscored the urgent need for financial regulation that bolsters the country’s economic growth. She urged…
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FCA Launches £1m Campaign to Educate Motor Finance Customers
The Financial Conduct Authority (FCA) has launched a £1 million awareness campaign. Its goal? To educate motor finance customers about their rights under a proposed industry-wide compensation scheme. This scheme offers recourse for customers who believe they’ve been treated unfairly. The campaign will use various mediums, including radio, to reach a wide audience. The key…
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FCA Proposes Data Reporting Cuts for 11000 UK Firms
The Financial Conduct Authority (FCA) has proposed further reductions in data reporting to enhance efficiency. These cuts will likely benefit about 11,000 retail intermediary firms across diverse sectors. The FCA regulates the financial industry in the UK, setting standards and providing guidance. The proposed reduction in data reporting aims to give firms more operational flexibility,…
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Tether Eyes Fundraising to Bolster Stablecoin Strategy
Tether, a top-notch stablecoin firm, is reportedly eyeing a fundraising round. Recently, CEO Paolo Ardoino unveiled this potential move. The aim is to draw high-profile investors to back the company’s strategy across all its existing and future sectors. This move aligns with the rising interest in the stablecoin market. As digital currencies gain more acceptance,…
