Compliance With New Fca Consumer Duty Regulations Made Easy With Moneyhub S Open Finance

Compliance With New Fca Consumer Duty Regulations Made Easy With Moneyhub S Open Finance Moneyhub, the market leading open data and payments platform, has announced that its open finance technology enables financial services businesses to ensure compliance with the new consumer duty. the financial conduct authority’s (fca’s) new consumer duty regulations are designed to raise the bar on consumer outcomes and require businesses to:. Our experienced team is here to support you now and in the future. moneyhub, 101 victoria street, bristol, england, bs1 6pu, united kingdom 0117 280 5155 hello@moneyhub . get consumer duty compliant, now and in the long term. moneyhub's open finance and open data solutions raise the bar on customer centricity with improved customer outcomes.

Consumer Duty Compliance Moneyhub Consumer duty compliance is an integral feature of moneyhub's open data powered technology." moneyhub's open finance technology can: aggregate account information from the widest range of sources in the uk (200 uk financial institutions and 700 products plus international account aggregation). Enabled by moneyhub’s open finance platform consumer duty compliance enabled by moneyhub’s open finance platform reference no. 809360 at fca.org.uk. Embracing the use of third party open data solutions is the best way for firms to meet consumer duty requirements while seeing a tangible impact on their customers’ day to day finances, and satisfaction levels.”. moneyhub reveals how much work firms still have to do to ensure consumer duty compliance, and suggest open data is the way to go. The fca’s consumer duty will lead to a major shift in financial services. press releasesfirst published: 27 07 2022last updated: 27 07 2022. the financial conduct authority (fca) has confirmed its plans to bring in a new consumer duty, which will fundamentally improve how firms serve consumers. it will set higher and clearer standards of.

Compliance With New Fca Consumer Duty Regulations Made Easy With Moneyhub S Open Finance Embracing the use of third party open data solutions is the best way for firms to meet consumer duty requirements while seeing a tangible impact on their customers’ day to day finances, and satisfaction levels.”. moneyhub reveals how much work firms still have to do to ensure consumer duty compliance, and suggest open data is the way to go. The fca’s consumer duty will lead to a major shift in financial services. press releasesfirst published: 27 07 2022last updated: 27 07 2022. the financial conduct authority (fca) has confirmed its plans to bring in a new consumer duty, which will fundamentally improve how firms serve consumers. it will set higher and clearer standards of. According to the open finance data and payments platform, moneyhub, only 22 per cent of firms believe that they are currently compliant with the new regulation. this is despite 79 per cent of fca regulated firms acknowledging the significant impact that the new consumer duty regulations will have on their way of doing business. A year on from the introduction of the fca’s consumer duty (cd) obligations for financial services firms, as many as two fifths of customers have not noticed any changes to their treatment, according to research from engagement, data and customer journey platform moneyhub. with the deadline fast approaching for financial services firms to apply the consumer duty to closed products, the.