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Financial Conduct Authority Stories

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Financial Conduct Authority stories

WorkNest Secure wins CREST cyber resilience accreditation
Data Protection

WorkNest Secure wins CREST cyber resilience accreditation

It strengthens the firm's ability to test banks and other regulated groups against realistic attack scenarios that expose response gaps.

By Sofiah Nichole Salivio • 3 min read • Last week
Mallowstreet launches SOFI Chat for UK advice firms
Customer Relationship Management

Mallowstreet launches SOFI Chat for UK advice firms

The new tool lets advisers search old meetings and documents in seconds, helping 857 UK firms cut admin and prep client reviews faster.

By Sofiah Nichole Salivio • 3 min read • Last week
Centeca names Jesper With-Fogstrup as Chief Executive
Fintech

Centeca names Jesper With-Fogstrup as Chief Executive

The change comes as the group scales an automotive commerce platform supporting more than 5,500 retailers and £6.5 billion in annual loan advances.

By Sofiah Nichole Salivio • 4 min read • This month
Aveni: After Mills Review, AI agents need targeted assurance
Hyperscale

Aveni: After Mills Review, AI agents need targeted assurance

Banks and other firms face fresh pressure to supervise chatbots like staff, as Aveni says smaller models need social science to spot bias and risk.

By Jake MacAndrew • 3 min read • This month
Aveni CEO: Why small AI models matter to UK finance
Data Protection

Aveni CEO: Why small AI models matter to UK finance

Smaller specialist models could save UK banks millions on compliance work while reducing reliance on a handful of US tech giants.

By Jake MacAndrew • 4 min read • This month
Comentis launches auto platform to flag vulnerable buyers
Risk & Compliance

Comentis launches auto platform to flag vulnerable buyers

Dealerships and lenders may face sharper scrutiny as the platform aims to close a vulnerability data gap that leaves most buyers unrecorded.

By Karen Joy Bacudo • 4 min read • This month
Kord launches custody network to cut law firm fraud
Fintech

Kord launches custody network to cut law firm fraud

The new service aims to curb payment diversion fraud in property and legal deals by verifying recipient accounts before client money is sent.

By Karen Joy Bacudo • 3 min read • This month
BEYLA strikes Visa deal to boost AI tools for SMBs
Software-as-a-Service

BEYLA strikes Visa deal to boost AI tools for SMBs

The tie-up could help small firms spot cash-flow risks and growth opportunities faster, while keeping owners in control of any action.

By Karen Joy Bacudo • 4 min read • This month
Ecommpay adds payment links for UK small businesses
Software-as-a-Service

Ecommpay adds payment links for UK small businesses

The no-code tool could speed up cash flow for tradespeople and sole traders who usually invoice after a job, with funds often arriving within one business day.

By Sofiah Nichole Salivio • 3 min read • This month
Brite launches Pay by Bank in UK after FCA licence
Fintech

Brite launches Pay by Bank in UK after FCA licence

UK merchants can now offer bank-based checkout across 27 European markets, as Brite enters one of the region's most mature open banking hubs.

By Karen Joy Bacudo • 4 min read • Last month
NatWest tests AI spending insights & fraud support
Data Protection

NatWest tests AI spending insights & fraud support

Customers will be able to query spending patterns in natural language as the bank expands in-house AI after launching fraud triage support.

By Karen Joy Bacudo • 4 min read • Last month
iFAST Global Bank launches payment collection tool for SMEs
Fintech

iFAST Global Bank launches payment collection tool for SMEs

Small firms using sterling payments can now track incoming money in one dashboard, as the bank aims to cut manual reconciliation.

By Karen Joy Bacudo • 3 min read • Last month
ClearToken wins Bank of England approval in sandbox
Fintech

ClearToken wins Bank of England approval in sandbox

The sandbox approval lets the firm settle tokenised FTSE 350 equities and bonds under Bank of England limits, boosting UK market infrastructure.

By Karen Joy Bacudo • 4 min read • Last month
GoCardless processes UK's first agentic charity payment
Fintech

GoCardless processes UK's first agentic charity payment

A regulated trial has shown how AI could streamline monthly giving while keeping donors in control of approval and spending limits.

By Karen Joy Bacudo • 4 min read • Last month
MaxContact launches Auto QA amid FCA compliance gap
Customer Experience

MaxContact launches Auto QA amid FCA compliance gap

More than half of UK contact centre managers have found compliance breaches outside routine checks, heightening FCA scrutiny risks for firms.

By Joseph Gabriel Lagonsin • 4 min read • Last month
Ecommpay shortlisted for UK PayTech award on AI push
Data Analytics

Ecommpay shortlisted for UK PayTech award on AI push

Declined card payments can cost online merchants sales and repeat custom, making Ecommpay's AI-driven checkout tools a commercial focus.

By Sofiah Nichole Salivio • 3 min read • Last month

Global Stories

Financial Conduct Authority stories

Basware customers focus on trust as AI expands in finance
Robotics

Basware customers focus on trust as AI expands in finance

Finance chiefs are demanding more evidence that AI can be trusted in invoice and payment controls, as errors could affect compliance and suppliers.

By Karen Joy Bacudo • 5 min read • 3 days ago
Yaspa wins PAY360 award for Intelligent Payments platform
Fintech

Yaspa wins PAY360 award for Intelligent Payments platform

The award underscores growing interest in bank-payment tools that pair account-to-account transfers with customer verification for merchants.

By Karen Joy Bacudo • 3 min read • This month