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Financial Conduct Authority Stories

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Financial Conduct Authority stories

UK advisers warm to agentic AI in wealth platforms
Digital Transformation

UK advisers warm to agentic AI in wealth platforms

Confidence in agentic AI is rising among UK advisers, but regulation and oversight will decide whether it reaches day-to-day platform use.

By Karen Joy Bacudo • 4 min read • Last week
Lightyear launches ready-made plans for UK investors
Fintech

Lightyear launches ready-made plans for UK investors

A simpler route into the stock market may appeal to UK savers, as most hold cash while fewer than one in six own shares or funds.

By Karen Joy Bacudo • 3 min read • Last week
Most UK payments firms miss FCA safeguarding rules
Fintech

Most UK payments firms miss FCA safeguarding rules

A survey shows only 13% of FCA-regulated payments firms are doing daily reconciliations, leaving many exposed to the new safeguarding regime.

By Karen Joy Bacudo • 4 min read • Last week
FICO urges UK lenders to use AI in collections for payments
Customer Experience

FICO urges UK lenders to use AI in collections for payments

Rising missed card payments are straining UK collections teams, as FICO says AI could help lenders manage cases more efficiently and fairly.

By Sofiah Nichole Salivio • 4 min read • Last week
WealthAi launches AI compliance tool for wealth managers
Unified Communications

WealthAi launches AI compliance tool for wealth managers

Wealth managers face tighter regulatory scrutiny as the platform promises to replace spreadsheet checks with real-time review of all client messages.

By Karen Joy Bacudo • 4 min read • Last week
OMS adds Curvestone AI compliance checks for mortgages
Customer Relationship Management

OMS adds Curvestone AI compliance checks for mortgages

Mortgage networks can now review every case in minutes, as OMS and Curvestone AI roll out automated checks to curb compliance risk.

By Sofiah Nichole Salivio • 5 min read • Last month
UK finance staff use generative AI daily, survey finds
Digital Transformation

UK finance staff use generative AI daily, survey finds

Compliance teams face new blind spots as 61% of UK financial services and insurance staff use generative AI daily, a survey found.

By Karen Joy Bacudo • 3 min read • Last month
Coinbase lists GBP-backed stablecoin tGBP for UK users
Crypto

Coinbase lists GBP-backed stablecoin tGBP for UK users

UK users can now move sterling on-chain as Coinbase adds a FCA-registered token aimed at reducing dollar exposure in transfers.

By Karen Joy Bacudo • 3 min read • Last month
UK campaign urges faster stablecoin rules from Treasury
Crypto

UK campaign urges faster stablecoin rules from Treasury

Businesses warn delays could push stablecoin activity overseas, as a coalition presses ministers and regulators for clearer UK rules and tax treatment.

By Karen Joy Bacudo • 5 min read • Last month
Coinbase launches UK crypto-backed USDC loans for users
Crypto

Coinbase launches UK crypto-backed USDC loans for users

UK Coinbase users can now unlock cash from Bitcoin and Ether holdings in seconds, but rapid price swings could trigger liquidation.

By Karen Joy Bacudo • 3 min read • Last month
Mid-sized fintech firms squeezed out as funding tightens
Fintech

Mid-sized fintech firms squeezed out as funding tightens

Higher rates and tougher investor scrutiny are forcing mid-tier fintechs into sales, restructuring or shutdown as capital pools shrink.

By Karen Joy Bacudo • 4 min read • Last month
Revolut launches AI assistant as banks shift to chat
Data Protection

Revolut launches AI assistant as banks shift to chat

Customers can now freeze cards or check spending by text or voice, as Revolut joins banks racing to make finance apps conversational.

By Karen Joy Bacudo • 4 min read • Last month
Anthropic's Mythos AI sparks UK bank cyber stability alarm
Firewalls

Anthropic's Mythos AI sparks UK bank cyber stability alarm

UK regulators are racing to assess whether Anthropic’s Mythos model could speed up attacks on banks and unsettle financial stability.

By Karen Joy Bacudo • 5 min read • Last month
GCEX strikes Cumberland liquidity deal for crypto trades
Fintech

GCEX strikes Cumberland liquidity deal for crypto trades

Institutional clients will gain deeper spot crypto liquidity as the broker links its platform to Cumberland through XplorSpot and API access.

By Karen Joy Bacudo • 3 min read • Last month
FCA sets out open finance plans to boost credit access
Data Protection

FCA sets out open finance plans to boost credit access

Small firms and mortgage seekers could gain faster access to credit as the regulator widens permissioned data sharing beyond open banking.

By Karen Joy Bacudo • 3 min read • Last month

Global Stories

Financial Conduct Authority stories

UK financial firms lack shared AI governance standard
Digital Transformation

UK financial firms lack shared AI governance standard

Fragmented controls are leaving banks and fintechs exposed as AI adoption outpaces oversight, according to new research from Zango.

By Sofiah Nichole Salivio • 5 min read • Last month
Valliance hires Palantir specialists amid AI deployment gap
Data Analytics

Valliance hires Palantir specialists amid AI deployment gap

Many enterprises are still failing to turn AI pilots into wider gains, prompting Valliance to hire three former Palantir specialists and track stalled deployments.

By Joseph Gabriel Lagonsin • 4 min read • Last month

Stories from Other Regions

Financial Conduct Authority stories