The FCA’s Dear CEO letter: impact on e-Money & payments institutions?

Gareth Mahoney, Moorwand Head of Compliance, writes for FinExtra about some of the key areas raised in the FCA's latest Dear CEO letter and explains what it means for EMIs and PIs

Gareth Mahoney, Moorwand Head of Compliance

Gareth Mahoney, Head of Compliance at Moorwand After uncovering a range of issues during recent visits to over 100 e-Money and payments institutions, the FCA published its latest ‘Dear CEO’ letter. The letter took a completely different approach to usual. Instead of focusing on a single area and then pushing for full compliance, the FCA […]

Will cashlessness prompt a rise in business banking for merchants?

Luc Gueriane writes for FinExtra about whether cashlessness will prompt a rise in business banking for merchants as a response to COVID-19

Luc Gueriane, Moorwand CCO

Cashless payments were on the rise way before the pandemic. However, COVID-19 has forced consumers to abandon notes and coins in favour of mobile and contactless card payments. Recently, Nationwide revealed that, in a poll of 2,000 Brits, more than a quarter have gone two or more months without using cash. In addition, the usage […]