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Reaction to Public Accounts Select Committee Session on Financial Services Mis-Selling With The FCA
James Sherwin-Smith, CEO of Growth Street, comments ahead of this afternoon’s Public Accounts Select Committee session on financial services mis-selling with the Financial Conduct Authority:
“The FCA clearly has a lot of questions to answer today when it appears in front of MPs. We whole heartedly agree with Philip Augar’s comments on the Today programme this morning, who was right to question why the regulator has dropped a planned inquiry into banking culture.
“It therefore comes as no surprise that a recent National Audit Office report suggests that the Financial Conduct Authority cannot be confident that there is not further mis-selling of financial services in the UK, despite the recent scandals of the mis-selling of PPI to consumers and Interest Rate Swaps to SMEs, and the significant redress and financial penalties resulting from these activities.
“Clearly, there is more that the FCA can do to prevent further scandals. Growth Street supports the #APR4SMEs campaign, which has called on the Government to make it mandatory for all commercial finance products targeted at SMEs to carry an APR, a simple metric that would help businesses easily compare the cost of finance across all products and providers. The failure of commercial finance providers to publish this information serves to create an opaque, costly and confusing market place for SMEs wishing to finance their business on the best terms.
- Finastra Convenes Industry Leaders in Sydney to Shape the Next Era of Banking at Innovating Finance Together Summit Read more
- Interactive Brokers Integrates AI into Client Portfolios – Informed by Agentic Technology, Controlled by the Client Read more
- Paysafe research: Crypto Payments to Transform US Online Sports-betting Read more
- BMLL Appoints Michael Chiappinelli as Chief Revenue Officer Read more
- Introducing Flute: Payments Built for the Everyday Economy Read more
Finastra Convenes Industry Leaders in Sydney to Shape the Next Era of Banking at Innovating Finance Together Summit
Finastra brought together leading voices from across the financial services ecosystem at its Innovating Finance Together Summit in Sydney, highlighting how banks, fintechs, and technology partners are turning strategy into execution and delivering tangible results. The Summit reflected a clear shift underway across the industry, from ambition to action. Conversations centered on how institutions are applying AI in practical ways, modernizing core platforms, and working more closely across the ecosystem to accelerate innovation and improve customer outcomes. The central theme was the power of collaboration. As complexity grows and expectations rise, institutions are moving beyond siloed innovation towards more connected, partner-driven models. Speakers emphasized that meaningful transformation increasingly depends on open platforms, shared capabilities, and the ability to innovate together.
Interactive Brokers Integrates AI into Client Portfolios – Informed by Agentic Technology, Controlled by the Client
Interactive Brokers (Nasdaq: IBKR), an automated global broker, today announced agentic trading through direct integration with Claude, one of the world's leading AI platforms. Available through the AI platform’s certified connector marketplace, the integration lets clients manage their accounts and access more than 170 global markets.
Paysafe research: Crypto Payments to Transform US Online Sports-betting
83% of U.S. bettors are keen to use cryptocurrency to fund wagers with online sportsbooks, when permitted, according to research issued today by leading payments platform Paysafe (NYSE: PSFE). The company’s All the Ways Players Pay: Crypto Edition report also suggests that when a state permits crypto payments, sportsbooks supporting deposits by digital assets and even payouts will gain a competitive edge in player acquisition and retention.
BMLL Appoints Michael Chiappinelli as Chief Revenue Officer
BMLL, the leading independent provider of continually engineered, harmonised, historical Level 3, 2 and 1 data and analytics for Capital Markets, spanning global equities, ETFs, futures and US equity options, today announced the appointment of Michael Chiappinelli as Chief Revenue Officer. Based in the USA, he will lead the company’s international commercial strategy and revenue organisation, accelerating global market expansion and deepening institutional client engagement. Michael will report to Paul Humphrey, CEO of BMLL, and join its executive management team.
Introducing Flute: Payments Built for the Everyday Economy
Aurora Payments today announced its rebrand as Flute, alongside the launch of a unified payments platform built for the growing businesses that power the everyday economy. Flute brings payments, working capital, transaction reporting and merchant servicing into a single account for the millions of merchants across the independent retail, personal services, professional services and hospitality industries.
ThetaRay Gamifies Financial Defense at Money20/20 Europe with a Compliance Twist on “Where’s Waldo”
ThetaRay, a leader in AI infrastructure for financial crime compliance, today unveiled Spot The Money Mule at Money20/20 Europe. The high-speed online game is a compliance twist on "Where’s Waldo" for the AI age, designed to bridge the gap between complex banking infrastructure and the public’s role in stopping global crime.
Kraken Set to Launch First CFTC-Regulated Perpetual Futures for US Traders
Kraken, one of the world’s longest-standing, most liquid and secure cryptocurrency platforms, has set out plans to launch the first CFTC-regulated perpetual futures in the US in the next 30 days.
Finastra Convenes Industry Leaders in Sydney to Shape the Next Era of Banking at Innovating Finance Together Summit
Finastra brought together leading voices from across the financial services ecosystem at its Innovating Finance Together Summit in Sydney, highlighting how banks, fintechs, and technology partners are turning strategy into execution and delivering tangible results. The Summit reflected a clear shift underway across the industry, from ambition to action. Conversations centered on how institutions are applying AI in practical ways, modernizing core platforms, and working more closely across the ecosystem to accelerate innovation and improve customer outcomes. The central theme was the power of collaboration. As complexity grows and expectations rise, institutions are moving beyond siloed innovation towards more connected, partner-driven models. Speakers emphasized that meaningful transformation increasingly depends on open platforms, shared capabilities, and the ability to innovate together.
Interactive Brokers Integrates AI into Client Portfolios – Informed by Agentic Technology, Controlled by the Client
Interactive Brokers (Nasdaq: IBKR), an automated global broker, today announced agentic trading through direct integration with Claude, one of the world's leading AI platforms. Available through the AI platform’s certified connector marketplace, the integration lets clients manage their accounts and access more than 170 global markets.
Paysafe research: Crypto Payments to Transform US Online Sports-betting
83% of U.S. bettors are keen to use cryptocurrency to fund wagers with online sportsbooks, when permitted, according to research issued today by leading payments platform Paysafe (NYSE: PSFE). The company’s All the Ways Players Pay: Crypto Edition report also suggests that when a state permits crypto payments, sportsbooks supporting deposits by digital assets and even payouts will gain a competitive edge in player acquisition and retention.
BMLL Appoints Michael Chiappinelli as Chief Revenue Officer
BMLL, the leading independent provider of continually engineered, harmonised, historical Level 3, 2 and 1 data and analytics for Capital Markets, spanning global equities, ETFs, futures and US equity options, today announced the appointment of Michael Chiappinelli as Chief Revenue Officer. Based in the USA, he will lead the company’s international commercial strategy and revenue organisation, accelerating global market expansion and deepening institutional client engagement. Michael will report to Paul Humphrey, CEO of BMLL, and join its executive management team.
Introducing Flute: Payments Built for the Everyday Economy
Aurora Payments today announced its rebrand as Flute, alongside the launch of a unified payments platform built for the growing businesses that power the everyday economy. Flute brings payments, working capital, transaction reporting and merchant servicing into a single account for the millions of merchants across the independent retail, personal services, professional services and hospitality industries.
Scaling Quality with Agentic Test Automation
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ThetaRay Gamifies Financial Defense at Money20/20 Europe with a Compliance Twist on “Where’s Waldo”
ThetaRay, a leader in AI infrastructure for financial crime compliance, today unveiled Spot The Money Mule at Money20/20 Europe. The high-speed online game is a compliance twist on "Where’s Waldo" for the AI age, designed to bridge the gap between complex banking infrastructure and the public’s role in stopping global crime.