Latest opinions that Francesco Fulcoli has shared on Finextra

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Francesco Fulcoli

Chief Compliance and Risk Officer

Flagstone

Member since

03 Oct 2023

Location

London

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Francesco's opinions

Understanding and Combating Organised Fraud: A Global Perspective

The United Nations Office on Drugs and Crime (UNODC) recently released a comprehensive issue paper on organised fraud, shedding light on this increasingly sophisticated and pervasive form of criminal activity. The report underscores the urgent need for a coordinated global response to counter the diverse forms of organized fraud, which exploit bo...

18 November 2024 /payments /crime Fintech

National Payments Vision 2024: The UK's Vision for a World-Leading Ecosystem

The ability to make and receive payments underpins daily life and commerce, while the payments sector itself drives innovation and hosts some of the country’s highest growth businesses. To bolster this pivotal sector, the UK government has published the National Payments Vision, outlining its ambition for a world-leading payments ecosystem. The V...

15 November 2024 /payments /regulation Fintech

Operational Resilience in the UK Financial Sector: A New Era of Oversight for Critical Third Parties

The financial sector's reliance on third-party services has grown exponentially. These external providers play an important roles in delivering essential services, from cloud computing to payment processing. However, with increased dependency comes heightened risk. A disruption or failure in these services could reverberate across the financial ec...

12 November 2024 /regulation /inclusion Fintech

The New Era of Corporate Accountability: What You Need to Know About the Failure to Prevent Fraud

The UK Government’s introduction of the "Failure to Prevent Fraud" offence under the Economic Crime and Corporate Transparency Act 2023 marks a significant milestone in the fight against corporate fraud. This new offence places a legal obligation on large organizations to actively prevent fraud by their employees, agents, or subsidiarie...

06 November 2024 /regulation /crime Fintech

Autumn Budget 2024: Laying the Foundations for Economic Stability and Growth

The Autumn Budget 2024, presented by Chancellor Rt Hon Rachel Reeves , represents Labour’s return to power and is aimed at economic reform, investment in public services, and strengthening support for working families. Here, the budget’s major areas, offering key details, percentages, and figures that reflect the government’s fiscal vision and co...

30 October 2024 /inclusion /markets Fintech

Illegal Finfluencers: FCA’s Crackdown on Financial Promotions on Social Media

The rise of social media as a powerful platform for influencing financial decisions has brought with it significant risks, especially when it comes to "finfluencers" social media personalities offering financial advice or promoting investment products. While these influencers may have the trust of their audiences, the UK's Financial Cond...

23 October 2024 /inclusion /crime Fintech

Implementing Consumer Duty in the Payments Sector: Key to Delivering Good Customer Outcomes

The Financial Conduct Authority (FCA) has set higher standards for financial services firms through the implementation of the Consumer Duty, a key part of its 3-year strategy to promote transparency, fairness, and consumer protection. In a recent multi-firm review conducted in early 2024 and published the 9th of October, the FCA evaluated how pay...

09 October 2024 /regulation /inclusion Fintech

FCA's Price and Value Outcome Update: Best Practices and Areas for Improvement

The FCA has released a detailed report on the Price and Value Outcome as part of its ongoing Consumer Duty framework. This update provides crucial insights into how firms can ensure they deliver fair value to their customers and highlights examples of both good and poor practices across the financial services sector. Below are some of the most im...

07 October 2024 /regulation /inclusion Fintech

FCA Update on Cash Savings - September 2024: In-Depth Insights

The Financial Conduct Authority (FCA) has provided a detailed update on the cash savings market following its initial review published in July 2023. This latest report, released in September 2024, assesses how banks and building societies are improving customer outcomes, particularly concerning interest rate pass-through, fair value assessments, a...

30 September 2024 /regulation /inclusion Fintech

A Revolutionary Reimbursement Policy to Combat Authorised Push Payment (APP) Scams

The Payment Systems Regulator (PSR) is implementing a groundbreaking reimbursement policy to tackle the growing menace of authorised push payment (APP) scams. This new requirement mandates payment service providers (PSPs) to reimburse victims of APP scams, marking a significant shift in consumer protection and industry responsibility. By embedding...

19 August 2024 /payments /crime Fintech

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