Finextra

JUNE 19, 2025

These two industries have a high demand for payment services, making it easier for new payment institutions and e-money startups to gain a foothold in the market. Youll also need locally-based staff, including compliance, IT, risk management, finance and treasury, customer support, and other key operational teams.

Payments

The Payments Association

JULY 18, 2025

FCA Safeguarding Reforms for PI/EMI (Interim Rules) The FCA is set to publish its finalised interim safeguarding rules for authorised payment institutions (PIs) and electronic money institutions (EMIs) in mid-2025, following Consultation Paper CP24/20.

Regulations

Open Banking Excellence

SEPTEMBER 21, 2023

The PRA SS2/21 regulation imposes requirements on the financial institutions as well as those within the wider financial market infrastructure (FMI). Manage third-party risk: To ensure DORA compliance, financial institutions need to understand the risk outsourced providers pose to their own security as well as the entire ecosystem.

FinTech

Neopay

JUNE 27, 2024

To ensure compliance, firms must thoroughly familiarise themselves with the regulations applicable to their business models. This includes understanding the different types of licenses available, such as payment institution (PI) licenses or electronic money institution (EMI) licenses.

Financial Crimes

The Payments Association

OCTOBER 11, 2024

These reforms aim to address weaknesses in the existing approach, reduce the risk of shortfalls, ensure quicker and more cost-effective fund recovery, and improve the FCA’s ability to intervene when firms fail to meet safeguarding standards.

Due Diligence

The Payments Association

JANUARY 27, 2025

Several categories of UK financial services firms, including banks, insurers, electronic money institutions, and payment institutions, are required to comply with new requirements on operational resilience beginning 31 March 2025.

Rules