Financial Conduct Authority stories
Cryptocurrency scams have surged in the UK, with victims losing GBP £306 million in 2023, prompting warnings for greater vigilance in the digital currency market.
British AI firm Aiimi has launched its Aiimi Insight Engine on the Microsoft Azure Marketplace, enhancing global workplaces' data management capabilities.
The Investment Association has welcomed the Chancellor's ambitious reforms for the UK financial services sector, emphasising growth and competitiveness.
The Crown Commercial Service designates Aiimi as an official AI provider, facilitating widespread AI solutions to enhance efficiency and data security in the public sector.
UK digital bank Griffin becomes the first in Europe to obtain B Corp certification, underlining its commitment to sustainability and ethical practices.
KPMG Law partners with Shieldpay to streamline legal transactions across the UK, using TPMA technology to enhance security and efficiency for corporate and real estate clients.
A new report by IFX Payments reveals that 78% of UK SMEs are set to expand globally despite facing challenges from ring-fencing regulations and Brexit.
Ciphr enhances its payroll capabilities by acquiring Shape Payroll, integrating Shape's advanced API-led solutions and expanding its reach within the UK market.
Trustly's 2023 annual report reveals a 79% surge in transactions, totaling US$58 billion, and a 51% rise in operating profit, driven by its expanded presence and strategic acquisitions in Europe.
Insurer Wakam launches its UK subsidiary, Wakam UK Limited, signalling a major expansion feat in the heavily regulated market.
Fintech firm Volopa seals an extensive partnership with ClearBank to bolster services for SME clients and aid its quest for an e-money licence.
UK fintech firm Griffin successfully secures $24m funding and green light from PRA and FCA, becoming a fully operational bank.
UK government's wait and see approach to AI regulation sparks criticism among lawmakers over lack of urgency despite AI's existential threat warnings.
Lithuanian fintech PAYSTRAX begins UK operations after robust growth in Europe, aiming to impact the local tech scene.
Unethical practices are pervasive in the UK's software engineering industry, with many workers facing retaliation for reporting misconduct.
London-based Guavapay has reported a remarkable 71% growth in annual revenue for 2024, driven by a larger customer base and staff expansion.
As the EU's DORA regulation looms, financial firms are urged to bolster digital resilience or risk severe operational disruptions by January 2025.
Proofpoint launches its new Digital Communications Governance solution, promising AI-driven insights and robust compliance for organisations across major digital channels.
PayComplete's Cash Chasm report highlights challenges in cash handling, with 41% of businesses reliant on manual processes and risking losses.
Health and wellbeing providers Vivup and Perkbox reveal a merger backed by Great Hill Partners, striving for an all-in-one solution for UK employee benefits and wellbeing.