All challenger banks articles
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Article
FCA cracking down on challenger banks after review
Challenger banks must improve how they assess financial crime risk following a review by the U.K. Financial Conduct Authority that found some fail to carry out even basic customer checks.
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Article
Embrace of RegTech driving financial services transformation
Large global financial institutions are utilizing advanced technologies like never before to help manage their regulatory compliance needs, driving major efficiencies within compliance, risk, and internal audit functions in the process.
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Blog
FCA’s ‘Regulatory Sandbox’ to Drive Innovation and Competition
Image: The U.K. Financial Conduct Authority is planning to unveil a “regulatory sandbox” for companies to test new products, services, or business models without facing enforcement actions. “To promote competition it is vital that we support firms—both regulated and unregulated, whether large incumbent or small start-ups—that want to bring new ...
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Blog
Customers Expected to Stay With Big U.K. Banks Despite the CMA’s Move to Improve Competition
A report by research firm Pinset Masons and YouGov, reveals that 16 percent of customers would likely switch to a “challenger bank” like Metro or TSD within the next two years. These findings come after the British Competition Authority’s recommended the country’s biggest lenders to provide more information around ...