Wednesday, June 7, 2023
[email protected]
 Fintech Zoom
  • MARKETS
    • Trading
    • Stock Futures
    • Exchange Traded Fund (ETF)
    • Best Stocks To Buy Now
    • Penny Stocks
    • Forex Market
    • Bonds & Rates
    • Stock Market Guides
    • Commodities
      • Brent Crude Oil Price
      • WTI Crude Oil Price
    • Breaking Stock Market News
    • Reviews in Stock Market
    • Asian Markets
    • European Markets
    • US Markets
  • WORLD INDICES
    • DAX PERFORMANCE-INDEX
    • Russel 2000 (RUT)
    • STOXX Europe 600 (SXXP)
    • Euro Stoxx 50
    • CAC 40 Index (FCHI)
    • FTSE 100 Index
    • Nikkei 225 Index
    • HSI – Hang Seng Index
    • NSE Nifty 50 Index
    • NASDAQ Composite Index
    • Dow Jones (INDEXDJX: .DJI)
    • S&P 500 Index
    • ASX – Australian
    • Shanghai Index (SSE)
  • BUSINESS
  • CRYPTO
    • Metaverse
    • Tokens
    • Crypto Reviews
    • NFT : Non-Fungible Tokens
    • Stablecoins
    • Blockchain
    • Ethereum
    • Buy Bitcoin
    • Best Crypto
    • Bitcoin
    • Altcoins
  • MONEY
    • Insurance
    • Taxes
    • Mortgages
    • Loans
    • Personal Finances
    • Credit Cards
    • Interest Rates
  • BANKING
    • Banks Near Me
    • Payments
    • ATM Near me
    • Best Banks
    • Banks Guides
    • Transfer Money Online
    • Mobile Banking
    • Digital Bank
    • Secure Bank Login
  • TECH
    • Social Media
    • Login
    • Error Pages
    • Is It Down?
    • Download
    • Settings
  • LUXURY
    • Luxury Food & Drink
    • Luxury Cars
    • Luxury Style
    • Luxury Motors
    • Luxury Travel
    • Luxury Tech
  • LIFESTYLE
    • Travel
    • Entertainment
    • Health
    • Cars
    • Near Me
    • Life
    • Weather Tomorrow
  • INVESTMENT
    • Real Estate
    • Famous Investors
  • ABOUT US
    • Why Fintech Zoom?
    • What is FintechZoom?
    • Advertise with Us
    • Careers in FintechZoom
    • Fintech Zoom Logo
    • FintechZoom PRO
    • FintechZoom Contacts
No Result
View All Result
  • MARKETS
    • Trading
    • Stock Futures
    • Exchange Traded Fund (ETF)
    • Best Stocks To Buy Now
    • Penny Stocks
    • Forex Market
    • Bonds & Rates
    • Stock Market Guides
    • Commodities
      • Brent Crude Oil Price
      • WTI Crude Oil Price
    • Breaking Stock Market News
    • Reviews in Stock Market
    • Asian Markets
    • European Markets
    • US Markets
  • WORLD INDICES
    • DAX PERFORMANCE-INDEX
    • Russel 2000 (RUT)
    • STOXX Europe 600 (SXXP)
    • Euro Stoxx 50
    • CAC 40 Index (FCHI)
    • FTSE 100 Index
    • Nikkei 225 Index
    • HSI – Hang Seng Index
    • NSE Nifty 50 Index
    • NASDAQ Composite Index
    • Dow Jones (INDEXDJX: .DJI)
    • S&P 500 Index
    • ASX – Australian
    • Shanghai Index (SSE)
  • BUSINESS
  • CRYPTO
    • Metaverse
    • Tokens
    • Crypto Reviews
    • NFT : Non-Fungible Tokens
    • Stablecoins
    • Blockchain
    • Ethereum
    • Buy Bitcoin
    • Best Crypto
    • Bitcoin
    • Altcoins
  • MONEY
    • Insurance
    • Taxes
    • Mortgages
    • Loans
    • Personal Finances
    • Credit Cards
    • Interest Rates
  • BANKING
    • Banks Near Me
    • Payments
    • ATM Near me
    • Best Banks
    • Banks Guides
    • Transfer Money Online
    • Mobile Banking
    • Digital Bank
    • Secure Bank Login
  • TECH
    • Social Media
    • Login
    • Error Pages
    • Is It Down?
    • Download
    • Settings
  • LUXURY
    • Luxury Food & Drink
    • Luxury Cars
    • Luxury Style
    • Luxury Motors
    • Luxury Travel
    • Luxury Tech
  • LIFESTYLE
    • Travel
    • Entertainment
    • Health
    • Cars
    • Near Me
    • Life
    • Weather Tomorrow
  • INVESTMENT
    • Real Estate
    • Famous Investors
  • ABOUT US
    • Why Fintech Zoom?
    • What is FintechZoom?
    • Advertise with Us
    • Careers in FintechZoom
    • Fintech Zoom Logo
    • FintechZoom PRO
    • FintechZoom Contacts
No Result
View All Result
FintechZoom
No Result
View All Result

Consumer Duty deadline presents opportunities alongside compliance challenges

James Albert by James Albert
October 31, 2022
in Press Releases
0

Home » Consumer Duty deadline presents opportunities alongside compliance challenges

John Wilson, Managing Director UK and Ireland at Avaloq, comments on the FCA requirement for financial institutions to have agreed their Consumer Duty implementation plans by Monday 31 October:

The FCA’s Consumer Duty will usher in a major shift in the financial services sector, as requirements on oversight and transparency become more clearly defined. There will be little room for passive client relations from next July, but the more imminent deadline for financial institutions to have their implementation plans in place this month may have been missed.

The FCA expects financial institutions to have clear implementation plans in place by the end of October, though they do not necessarily need to have fully scoped out the work that must take place in order to embed the Duty for the July 2023 deadline. Regardless, it is important that financial organizations urgently consider, if they haven’t already, how technology and platforms can ease the administrative burden of complying with this new regulation.

The Consumer Duty centres on clear and timely communication, client support and personalized service based on the needs of each client segment, as well as fair value. It requires financial institutions to identify where, and why, a client may not be receiving a good, or desired, service, and proactively address any risks or issues identified during this process.

Beyond compliance, the Duty is an opportunity for financial institutions to truly demonstrate the value they provide, improve client engagement and loyalty through enhanced communication, more tailored investment advice and targeted support. For financial institutions that have not nailed down their implementation plans, as well as for those that have, now is the time to evaluate what they need not just to comply with the Consumer Duty, but to take advantages of the opportunities it presents.

RelatedPosts on FintechZoom

OCR Labs Global’s Zero Bias AI™ Tech Awarded Further DIATF Certifications

Three New Associate Partners Join The Fintech & Payments Advisory Network

Equals Group announces a positive trading update with revenues up 59%

Global invoice financing group enables clothing giant to grow during times of economic recession

Revolutionizing Finance: STX Next on transforming the financial sector with Cutting-Edge AI & ML

Stubben Edge acquires Insurercore to expand tech offering

James Albert

James Albert

James Albert is a personal-finance analyst for FintechZoom and is based in New York. Contact: [email protected]

Related Posts

OCR Labs Global’s Zero Bias AI™ Tech Awarded Further DIATF Certifications

March 9, 2023

Three New Associate Partners Join The Fintech & Payments Advisory Network

February 15, 2023

Equals Group announces a positive trading update with revenues up 59%

February 15, 2023

Global invoice financing group enables clothing giant to grow during times of economic recession

February 15, 2023

Revolutionizing Finance: STX Next on transforming the financial sector with Cutting-Edge AI & ML

February 14, 2023

Stubben Edge acquires Insurercore to expand tech offering

January 20, 2023

Newly rebranded ONE Group partners with RegTech provider Know Your Customer

January 20, 2023

Private equity – private debt sector embraces self-serve technology – capital markets study

November 16, 2022

Zoho Finance platform hits 50% YoY Growth

November 16, 2022
Next Post

As the Stock Market Sinks, Is Investing in Cryptocurrency a Trick or a Treat? Expert Explains

Comment on BoE Money and Credit - Credit card spending collapsed in September after several.

Person using Laptop | FintechZoom

5 Tips for Managing Your Business Finances

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • About Us
  • Advertise
  • Careers
  • Terms and Conditions
Call us: + 1 917 9939840

© 2016-2023 FINTECH ZOOM - WORLD FINANCE

No Result
View All Result
  • MARKETS
    • Trading
    • Stock Futures
    • Exchange Traded Fund (ETF)
    • Best Stocks To Buy Now
    • Penny Stocks
    • Forex Market
    • Bonds & Rates
    • Stock Market Guides
    • Commodities
      • Brent Crude Oil Price
      • WTI Crude Oil Price
    • Breaking Stock Market News
    • Reviews in Stock Market
    • Asian Markets
    • European Markets
    • US Markets
  • WORLD INDICES
    • DAX PERFORMANCE-INDEX
    • Russel 2000 (RUT)
    • STOXX Europe 600 (SXXP)
    • Euro Stoxx 50
    • CAC 40 Index (FCHI)
    • FTSE 100 Index
    • Nikkei 225 Index
    • HSI – Hang Seng Index
    • NSE Nifty 50 Index
    • NASDAQ Composite Index
    • Dow Jones (INDEXDJX: .DJI)
    • S&P 500 Index
    • ASX – Australian
    • Shanghai Index (SSE)
  • BUSINESS
  • CRYPTO
    • Metaverse
    • Tokens
    • Crypto Reviews
    • NFT : Non-Fungible Tokens
    • Stablecoins
    • Blockchain
    • Ethereum
    • Buy Bitcoin
    • Best Crypto
    • Bitcoin
    • Altcoins
  • MONEY
    • Insurance
    • Taxes
    • Mortgages
    • Loans
    • Personal Finances
    • Credit Cards
    • Interest Rates
  • BANKING
    • Banks Near Me
    • Payments
    • ATM Near me
    • Best Banks
    • Banks Guides
    • Transfer Money Online
    • Mobile Banking
    • Digital Bank
    • Secure Bank Login
  • TECH
    • Social Media
    • Login
    • Error Pages
    • Is It Down?
    • Download
    • Settings
  • LUXURY
    • Luxury Food & Drink
    • Luxury Cars
    • Luxury Style
    • Luxury Motors
    • Luxury Travel
    • Luxury Tech
  • LIFESTYLE
    • Travel
    • Entertainment
    • Health
    • Cars
    • Near Me
    • Life
    • Weather Tomorrow
  • INVESTMENT
    • Real Estate
    • Famous Investors
  • ABOUT US
    • Why Fintech Zoom?
    • What is FintechZoom?
    • Advertise with Us
    • Careers in FintechZoom
    • Fintech Zoom Logo
    • FintechZoom PRO
    • FintechZoom Contacts

© 2016-2023 FINTECH ZOOM - WORLD FINANCE

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?