By Jim Bulling and Felix Charlesworth
The Assistant Governor of the Reserve Bank of Australia (RBA), Michele Bullock, delivered a speech at the Bund Fintech Summit in Shanghai on the developments in the retail payments industry and the potential implications these pose for regulators.
29 businesses have been accepted into cohort four of the UK Financial Conduct Authority (FCA) regulatory sandbox to test innovative FinTech products, services, business models and delivery mechanisms. The FCA received 69 applications for cohort four. Applications came from a diverse range of firms operating across the financial services sector including in areas such as consumer credit, automated advice and insurance. 29 firms have been accepted to develop towards testing, including three firms that were accepted as part of previous cohorts but did not proceed to test. Firms that have been accepted to develop towards testing are listed here, except for one firm that has asked not to be named at this point in time. Read More
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