peekpublishersThe Financial Conduct Authority (FCA) has warned crowdfunding platforms to adhere to its financial advertising rules and develop plans to close their businesses in an orderly manner. The FCA’s warning comes amid concerns that some crowdfunding firms are not providing accurate and clear information about the risks associated with their products. The regulator has also stressed the need for platforms to have adequate systems and controls in place to assess the suitability of potential investors. The FCA will continue to monitor the sector and take action against firms that fail to meet its standards.
FCA Tells Crowdfunding Firms: Ad Rules Are a Must
Latest from News
Fintech booming with $350 billion growth in sector.
TLDR: The fintech sector has grown substantially, amassing over $350 billion in venture capital from 2019 to 2023. Start-ups are capitalizing on digital finance
Catch the latest fintech news in a quick weekly rundown.
TLDR: Bankjoy and nCino announce new partnerships in the fintech industry Significant funding and collaboration news in payments, lending, open banking, wealth management, and
Ameetee secures $1M funding for fintech startup.
TLDR: Ameetee, a fintech startup, has raised $1 million in seed funding to launch a B2B platform for securitizing shares in private companies. The
MTN Boosts Fintech in Africa, the Largest Wireless Carrier.
Article Summary TLDR: MTN Group Ltd. increased fintech transaction volumes by a third last year. MTN now has 72.5 million active users of its
Top fintechs prioritize this function equal to innovators and engineers.
TLDR: Key Points: Fintech success is a combination of innovation, engineering, and compliance. Compliance officers are crucial for the long-term success of fintech companies.