FCA censures Admiral over PPI complaint mishandling
The Financial Conduct Authority has publicly censured Admiral Insurance for systematically mishandling PPI complaints, failing to properly investigate claims, and unfairly rejecting customers.
Category : Search result: financial technology
BOE Governor: EU Rules Pose Material Risk to UK Stability
Andrew Bailey cautions that Brussels' post-Brexit financial regulations could create 'material risk' for the UK, urging for greater cooperation to prevent market fragmentation.
FCA pays £30k after Ombudsman ruling over misleading advice
The Financial Conduct Authority has been ordered to pay compensation after the Financial Ombudsman Service ruled it gave 'unclear and misleading' advice to a customer of Admiral Insurance.
Cash Crisis: 53% of UK's Free ATMs Vanish Since 2018
Exclusive investigation reveals Britain's alarming cash access crisis as free ATMs disappear and bank branches shut down, hitting vulnerable communities hardest. Regulatory action demanded.
ANZ Bank fined record £240m for charging deceased customers
ANZ Bank has been hit with a monumental £240 million penalty for a litany of serious failures, including charging fees to deceased customers. The Federal Court condemns the bank's 'widespread' and 'systemic' misconduct.
AUKUS Submarines Plagued by Critical Vulnerabilities
Exclusive: A damning parliamentary report reveals the $368bn AUKUS submarine programme is plagued by severe technological and workforce risks that could leave Australia's future fleet exposed.
FCA: UK Finance's Old Tech Poses 'Significant' Risk
The UK's Financial Conduct Authority has raised a major red flag, revealing that a large portion of the nation's finance sector is dangerously reliant on outdated technology, posing a severe threat to operational resilience and consumer protection.
Sweden Targets Fully Cashless Society by 2030
Sweden is leading a financial revolution, with plans to eliminate physical currency entirely within the next decade. Discover how this bold move is transforming everyday life and what it means for the future of money.
UK's Cash Crisis: Half the Population Abandons Physical Money
New data reveals a dramatic decline in cash usage across Britain, with half the population now carrying physical money less than once a month. Explore the drivers and implications of this financial revolution.
Major Cyber Attack Forces African Banks Offline
A severe cyber attack has paralysed major banking institutions across Central and West Africa, causing widespread disruption in Rwanda, the Democratic Republic of Congo, and Senegal.
Self-Employed Crisis: Millions Without Sick Pay Safety Net
Exclusive investigation reveals how 3.5 million self-employed workers are left financially vulnerable with no statutory sick pay protection amid rising illness rates.
Ukraine's AI Drone War: Revolutionising Modern Conflict
Exclusive analysis reveals how Ukraine's homegrown drone technology, driven by AI and rapid innovation, is fundamentally reshaping warfare tactics against Russia. Discover the cutting-edge systems changing the battlefield.
Reform UK to Strip FCA of Banking Powers if Elected
Reform UK announces radical manifesto pledge to abolish the Financial Conduct Authority's power to regulate banks, promising a bonfire of red tape for the financial sector.
New Rule Lets Banks Hide Signs of Financial Distress
A controversial new regulation permits UK banks to temporarily hide key indicators of financial instability, sparking debate between consumer protection and financial stability.
China's 'Star Wars' Laser Weapon Revealed: Blinds Pilots
Exclusive analysis of China's newly unveiled 'optical warfare' laser weapon, a disruptive system designed to blind pilots and fry electronics. How it compares to Western 'Star Wars' technology and what it means for global military balance.
Rugby Australia's $80m Debt Crisis Puts Future in Jeopardy
Rugby Australia is battling a staggering $80m debt. The upcoming British & Irish Lions tour and a new broadcast deal are now critical to saving the sport from financial ruin.
Why Britain Isn't Ready to Ditch Cash
As the UK races towards a cashless future, a growing movement of consumers, experts, and activists are pushing back. Discover the compelling financial, psychological, and societal reasons why cold, hard cash isn't ready for the history books just yet.
UK's Cash Exodus: The Rapid Rise of the Cashless Society
Exclusive research reveals the UK's rapid shift towards a cashless society, uncovering the regions and demographics leading the charge and those at risk of being left behind.
Thousands Lose Life Savings in Australian Super Fund Collapse
Exclusive: A major superannuation fund collapse has wiped out the life savings of thousands of Australians, sparking government scrutiny and a desperate fight for justice. Discover the full story.
Asda Tests AI 'Just Walk Out' Supermarket Tech
Asda trials groundbreaking AI-powered 'just walk out' technology in a major UK supermarket, allowing shoppers to grab items and leave without scanning or queuing.
TSA Rolls Out Touchless Facial Recognition at Airports
The TSA is dramatically accelerating its PreCheck overhaul, deploying touchless facial recognition technology to create faster, more secure passenger processing. Discover how this biometric revolution will change the way you fly.
Wellness App Offers High-Interest Loans to Low-Paid Workers
Exclusive investigation reveals UK financial wellbeing app targets vulnerable low-wage workers with costly credit products, raising serious ethical concerns about the fintech sector.
FCA Reviews Rules as Top Enforcer Joins Hedge Fund
The Financial Conduct Authority launches an urgent review into its conflict of interest policies after its former head of enforcement, Therese Chambers, takes a senior role at a US hedge fund, raising serious concerns about the City's 'revolving door' cul
UK Parents & Teachers: Share Your AI Classroom Experiences
Exclusive insights from British parents and educators reveal the real-world impact of AI tools like ChatGPT in schools. Discover the promises, the pitfalls, and the profound changes shaping the future of learning.
HSBC and First Direct Hit Major Online Banking Outage
Thousands of HSBC and First Direct customers across the UK were unable to access their online and mobile banking services due to a significant technical outage, with the bank issuing an apology and working to resolve the 'ERR03' error.
FCA Alert: Protect Your Money From Clone Firm Scams
Exclusive: The Financial Conduct Authority issues an urgent warning as sophisticated 'clone firm' investment scams skyrocket, with criminals stealing millions from UK savers. Learn how to spot the red flags.
FCA Investigates Aberdeen Over Dubai Operations Compliance
The UK's Financial Conduct Authority launches an investigation into Aberdeen's Dubai operations, raising serious questions about oversight in the emirate's burgeoning financial district and compliance with international standards.
AI Evangelists: Financial Prophets or False Profits?
A critical examination of the bold financial predictions made by AI evangelists. Are we heading for a tech revolution or a speculative bubble? Experts weigh in on the potential economic reality.
Revolutionary prosthetic legs transform lives amid NHS crisis
Exclusive: Groundbreaking microprocessor-controlled prosthetic limbs are offering new hope to amputees, but NHS waiting times and funding shortages create a postcode lottery for life-changing technology.
AI Expense Scandal: Workers Forge Receipts with ChatGPT
Exclusive investigation reveals a surge in employees using artificial intelligence to fabricate expense claims, costing British firms millions. Experts warn of a 'new frontier' in corporate fraud as AI tools become sophisticated enough to generate convinc
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