What is Compliance and Risk Management: Key Differences

In fintech, compliance and risk management are closely connected, but they are not the same function. Both contribute to a financial institution’s control environment and may appear together in governance and management reporting. However, they address different questions and cover different areas of responsibility. Compliance focuses on meeting applicable legal, regulatory and internal requirements. Risk […]

UK AML Compliance for EMIs and PIs: FCA Requirements and Best Practices

The UK payments sector continues to evolve rapidly. Electronic Money Institutions (EMIs) and Payment Institutions (PIs) are handling increasing volumes of customer funds, cross-border payments and increasingly complex payment flows. At the same time, regulatory expectations around financial crime controls, safeguarding, governance and operational resilience continue to develop. For firms operating in the UK, Anti-Money […]