Financial Conduct Authority stories - Page 5

Payment Assist UK and eDynamix partner to offer UK car dealerships integrated payment options via exstoPay, unifying cards, Open Banking, and BNPL services.

Ecommpay has been shortlisted in two categories at the FinTech Awards London, recognising its innovation and collaboration with The Money Platform.

Haboo money partners with Griffin to launch a save-as-you-repay wallet, enhancing borrower flexibility and boosting loan repayment support in the UK.

HiQi partners with Ecommpay to enhance app payments in Portugal and Spain, enabling faster, compliant top-ups with diverse payment options.

Banked has acquired UK app VibePay to boost Pay by Bank with new incentives, expanding presence in UK, US, Australia, and accelerating global adoption.

Ecommpay has been named a finalist in the ICA Compliance Awards Europe 2025 for its innovative Risk Control Management System developed with Cable.

Senior UK regulators recently gathered to explore the potential of artificial intelligence in enhancing operational efficiencies across financial sectors.

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

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.

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

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.

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.

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

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

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.