Wonderful on Nostr: On the 31st of July 2023 new FCA rules, referred to as the Consumer Duty, came into ...
On the 31st of July 2023 new FCA rules, referred to as the Consumer Duty, came into force for financial services firms.
This is a seismic shift in the expectations the Financial Conduct Authority has on #fintech firms.
The #FCA has positioned Consumer Duty as a catalyst for positive change with the overall expectation that it will ‘move the needle’ in terms of #customer #trust in the #financial services sector.
#ConsumerDuty #FinancialServices
https://wonderful.co.uk/blog/consumer-duty-its-our-bedrock
This is a seismic shift in the expectations the Financial Conduct Authority has on #fintech firms.
The #FCA has positioned Consumer Duty as a catalyst for positive change with the overall expectation that it will ‘move the needle’ in terms of #customer #trust in the #financial services sector.
#ConsumerDuty #FinancialServices
https://wonderful.co.uk/blog/consumer-duty-its-our-bedrock