Payments Trends: The U.K. Pressures Big Tech in Digital Payments Regulation
Digital Payments: Regulatory Changes on the Horizon
The Financial Conduct Authority (FCA) has announced a new plan to regulate certain technology products essential for banks to process digital payments.
Key Points from the Payments Roundup
- The FCA's initiative aims to ensure bank resiliency.
- Focus on testing technology used in payments.
- Increased scrutiny on big tech firms involved in cryptocurrency.
This initiative highlights the evolving landscape of payment technologies and the role of regulatory bodies.
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