Financial Conduct Authority Stories - Page 7

Global Stories

Financial Conduct Authority stories

Guavapay marks 71% revenue growth in financial year 2024

London-based Guavapay has reported a remarkable 71% growth in annual revenue for 2024, driven by a larger customer base and staff expansion.

By Shannon Williams • 3 min read • Tue, 21st Jan 2025

Risk & Compliance

Cash Chasm report reveals drawbacks of manual cash management

PayComplete's Cash Chasm report highlights challenges in cash handling, with 41% of businesses reliant on manual processes and risking losses.

By Shannon Williams • 3 min read • Fri, 26th Apr 2024

Human Capital Management

Vivup & Perkbox announce merger to boost UK employee benefits sector

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.

By Catherine Knowles • 3 min read • Thu, 21st Mar 2024

Stories from Other Regions

Financial Conduct Authority stories

Fintech

Griffin partners with Yonder & launches beta bank accounts

Griffin has unveiled a partnership with Yonder alongside a beta launch of versatile bank accounts, aimed at enhancing customer payment experiences.

By Kaleah Salmon • 2 min read • Tue, 25th Mar 2025

Crypto

United Kingdom loses record GBP £306m to crypto scams in 2023

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.

By Shannon Williams • 3 min read • Thu, 6th Feb 2025

Data Analytics

Aiimi Insight Engine now available on Azure Marketplace

British AI firm Aiimi has launched its Aiimi Insight Engine on the Microsoft Azure Marketplace, enhancing global workplaces' data management capabilities.

By Melania Watson • 3 min read • Fri, 31st Jan 2025

Health Technologies

Aiimi named official AI provider for UK public sector services

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.

By Shannon Williams • 2 min read • Thu, 29th Aug 2024

Payment Technologies

KPMG Law partners with Shieldpay to centralise transactions in UK

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.

By Kaleah Salmon • 3 min read • Tue, 25th Jun 2024

Fintech

UK SMEs eye global expansion despite banking challenges

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.

By Catherine Knowles • 4 min read • Thu, 6th Jun 2024

ECI

Ciphr acquires Shape Payroll to enhance tech capabilities

Ciphr enhances its payroll capabilities by acquiring Shape Payroll, integrating Shape's advanced API-led solutions and expanding its reach within the UK market.

By Kaleah Salmon • 3 min read • Wed, 5th Jun 2024

Fintech

Trustly reports robust growth with US$58 billion in transactions

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.

By Catherine Knowles • 3 min read • Thu, 30th May 2024

Insurance

Wakam launches UK subsidiary with FCA & PRA approval

Insurer Wakam launches its UK subsidiary, Wakam UK Limited, signalling a major expansion feat in the heavily regulated market.

By Shannon Williams • 3 min read • Thu, 2nd May 2024

Fintech

Volopa partners with ClearBank for expanded SME finance services

Fintech firm Volopa seals an extensive partnership with ClearBank to bolster services for SME clients and aid its quest for an e-money licence.

By Catherine Knowles • 3 min read • Thu, 28th Mar 2024

Fintech

Griffin secures $24m funding to launch as full bank in UK

UK fintech firm Griffin successfully secures $24m funding and green light from PRA and FCA, becoming a fully operational bank.

By Shannon Williams • 3 min read • Fri, 15th Mar 2024

Advanced Persistent Threat Protection

UK govt's 'wait & see' approach to AI regulation sparks row

UK government's wait and see approach to AI regulation sparks criticism among lawmakers over lack of urgency despite AI's existential threat warnings.

By Shannon Williams • 3 min read • Tue, 20th Feb 2024

Merchants

PAYSTRAX launches in UK after successful European growth

Lithuanian fintech PAYSTRAX begins UK operations after robust growth in Europe, aiming to impact the local tech scene.

By Shannon Williams • 3 min read • Thu, 23rd Nov 2023

Worldpay

Unethical activities found prevalent in UK software engineering industry

Unethical practices are pervasive in the UK's software engineering industry, with many workers facing retaliation for reporting misconduct.

By Sean Mitchell • 3 min read • Tue, 21st Nov 2023

Fintech

Fintech trends and financial challenges for the UK

SaaScada has issued five forecasts for the United Kingdom's fintech sphere in 2024, including a crisis in artificial intelligence and major shifts in payments.

By Shannon Williams • 2 min read • Fri, 27th Oct 2023