With the introduction of the FCA’s new Consumer Duty legislation around the corner, regulated financial institutions are scrambling to comply. But with only a short window of time...
Regulation & Compliance:
On Monday, the FCA released updated rules around the use of strong customer authentication in the context of Open Banking connections. The upshot of this is that the need for...
Fraud Prevention This is probably the most straightforward case for deploying Open Banking tech in the BNPL sector. Account takeover fraud, where a fraudster gains access to a...
The FCA released a consultation paper in January this year that proposed raising the contactless limit from £45 to £100 per transaction and from £120 to £200 per day cumulatively,...
The closing of the 2010s and the dawn of a new decade herald an early milestone in the development of the UK's fintech ecosystem. It is now two years since the legislation...