FCA scam warning against Lanistar for unauthorized financial services
Lanistar issued regulatory warning affecting UK Financial Conduct Authority on November 18, 2020.
- Primary
- Lanistar
- Counterparty
- UK Financial Conduct Authority
- Structure
- regulatory warning
- Date
- November 18, 2020
- Sub-sector
- Card Issuing
FCA warned fintech startup was providing financial services without authorization, creating reputational and operational risk for the card issuing challenger bank sector.
Source: businessinsider.com