Tag : Financial Conduct Authority (FCA)

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RegTech for Financial Institutions: How You Can Better Streamline Regulatory Compliances

Rishika Patel
by Rishika Patel0
The Fintech industry is revolutionizing financial services with innovative RegTech solutions, from mobile payments to blockchain technologies. However, with this rapid transformation comes the challenge of navigating an increasingly complex regulatory landscape. Financial institutions must comply with stringent rules, such as Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations,......
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How To Protect Your Funds?

Pooja Choudhary
by Pooja Choudhary0
Why Safeguard Funds? The Financial Conduct Authority (FCA) implemented the Electronic Money Regulations (EMRs) in 2011, which stipulated that a fintech is required to identify clients’ funds and safeguard them apparently. It allows a third party to distribute the funds in an extraordinary event (like- insolvency) and thereby, effectively ringfences......
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