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. Read More »

Regulations 88

Regulations Payment APIs and Integration Payments Legal 88

Neopay

OCTOBER 10, 2024

The new rules, effective as of 7 October 2024, are aimed at reinforcing the UK financial system’s ability to detect, prevent, and manage fraud, as well as ensure that customers are reimbursed in a timely manner. These letters outline specific expectations for payment institutions, e-money institutions, banks, and building societies.

Due Diligence 52

Due Diligence Fraud Prevention Financial Crimes Compliance 52

Fintech News

JANUARY 24, 2024

Each license allows the holder to conduct multiple specific payment services. Data from MAS’ Financial Institutions Directory show that as of August 01, 2022, 231 Money-Changing, 13 Standard Payment Institutions, and 175 Major Payment Institution licenses had been issued.

Service Provider 98

Service Provider Cryptocurrency Payments Institute Blockchain 98

Neopay

JUNE 27, 2024

Many in financial services have been concerned that some elements of the FCA’s more stringent approach may not always be justified by reductions in financial crime and money laundering or consumer protection. Compliance with AML and Financial Crime Regulations AML and financial crime compliance is a top priority for the FCA.

Financial Crimes 52

Financial Crimes Money Laundering Compliance Risk Assessment 52