Fintech Insider Podcast by 11:FS cover image

919. News: UK lenders brace for massive payouts and is the FCA 'incompetent'?

Fintech Insider Podcast by 11:FS

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Navigating Fraud and Financial Transparency

This chapter explores the complexities of fraud within contactless payment systems, focusing on recent rulings in the UK regarding undisclosed commissions in the motor finance industry. It highlights the potential repercussions of these rulings, drawing parallels to past financial scandals like the PPI issue, while discussing the need for greater transparency in financial transactions. The conversation also includes innovative approaches to financial assistance and the role of fintech in addressing societal challenges.

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