'Best for the World' Winners!!
RiskSave
by Daniel Tammas-Hastings
1y ago
Delighted that RiskSave Technologies has been recognised as a Best for the World™ B Corp for 2022! Out of 5,000 Certified B Corporations worldwide, we placed among the top 5% in the Workers category. This means we set the gold standard by putting in place employee-friendly practices, such as ownership opportunities, job flexibility, and fair-chance hiring policies.. Massive thank you to the whole RiskSave Technologies team for all the work they do day in day out to make sure we deliver for our customers ..read more
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Embedded Finance
RiskSave
by Daniel Tammas-Hastings
2y ago
A shorter version of this article was published by the London School of Economics   The term embedded finance was first widely used in payments and is now moving up the financial service value chain into lending, wealth, and other associated markets. Smartphone take-up of greater than 90% in the EU, UK, and US means that residents of most markets are familiar with paying for services through Android or Apple apps. If you’ve used a popular ride-sharing app or taxi service or enjoyed a take-away from Deliveroo, then you’ve benefited from embedded finance.  It is all around us and ..read more
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B Corporation
RiskSave
by Daniel Tammas-Hastings
2y ago
RiskSave is proud to announce it is aiming to become a B Corporation in early 2022. One of the interests we’ve seen in our role of nurturing FinTech’s young and old is a focus on sustainability and ESG and support of the UN’s Sustainable Development Goals (SDG). To match this and our long-term focus on supporting the needs of all our stakeholders we have been working towards becoming a B Corp. “Certified B Corps are a new kind of business that balances purpose and profit. They are legally required to consider the impact of their decisions on their workers, customers, suppliers, community, and ..read more
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The Appointed Representative Regime – creating positive change.
RiskSave
by Daniel Tammas-Hastings
2y ago
With the AR regime in the news, it is interesting to look at its many strengths. The AR regime is very common in the FinTech space, where technologists often lack the operational experience to create a traditional Financial Services firm and the AR to market route is so popular. Becoming an appointed representative is a well-established, route to market for many such technology firms and a diverse range of startups seeking to create positive change. Prominent former examples include Freetrade.co which has enabled 500,000 and counting UK residents to benefit from zero-cost access to the equity ..read more
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Benefits of Regulatory Hosting.
RiskSave
by Daniel Tammas-Hastings
3y ago
Here at RiskSave, we operate a compliance support platform and a financial advice network. We aim to help innovative new firms get to market as quickly as possible so their innovations can immediately create tangible benefits for consumers. We have a particular interest in helping groups under-represented in financial services. For example, we are proud to host Islamic Finance Guru, the leading source of financial information for the muslim community on our platform. Our regulatory hosting platform allows selected clients to become Appointed Representatives of RiskSave. Appointed Representativ ..read more
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Financial Services Compensation Scheme (FSCS): Are you banking on their cover?  
RiskSave
by Daniel Tammas-Hastings
3y ago
When looking at different financial services such as banks, investment firms or insurance companies, we are often told, as a way to attempt to make us feel safer, that “You will be covered by the FSCS”. But what exactly does that mean? This article will briefly go through what the FSCS is and how the coverage it provides is triggered. What is the FSCS? The FSCS was created to help protect customers of financial service firms who fail. So in other words if a financial service firm, which is covered by the FSCS, fails and can’t pay out claims against it (defaults), then the FSCS helps compensate ..read more
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Streamlined Advice: The Third and Final Part
RiskSave
by Daniel Tammas-Hastings
3y ago
The Adviser Rules  To protect consumers, the new rules are very keen on transparency. And so are we! Any firm providing personal advice through a streamlined service will need to comply with the adviser charging rules. These rules specify that any personal recommendations (or related services) that are provided to retail clients in relation to retail investment products must be paid for by “adviser charges”. This means that any other type of  commission, remuneration, or benefit of any kind in relation to personal recommendations are not permitted. The adviser charges should always b ..read more
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Steamlined Advice: Part 2
RiskSave
by Daniel Tammas-Hastings
3y ago
Introduction to FCA Guidance on the FAMR; Part 2 of 3 The Fact Find and Portability of Data If a fact finding process is carried out face-to-face, it can be quite a costly process for the advisers. The FCA has recognised that if the time it takes to complete this fact find process is reduced, it would result in a reduction of the costs that could mean lower fees. Low cost, high quality advice is something that the FCA is very much in favour of. Hence the desire for ‘Streamlined Advice’ One cost reduction method that the FCA has noted is the possibility of advisers to use previously acquired an ..read more
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Streamlined Advice: An introduction
RiskSave
by Daniel Tammas-Hastings
3y ago
Bu Miquee McCrindle: Compliance Consultant at RiskSave Technologies FCA Guidance on the Financial Advice Market Review; Part 1 of 3 In 2015, the Financial Conduct Authority (FCA) and HM Treasury teamed up to find ways in which the Government, the industry and regulators could encourage the development of a market which delivers affordable and accessible financial advice and guidance to everyone. This was done through the Financial Advice Market Review (FAMR). The final report by the FAMR was published in 2016, and made a number of recommendations for the FCA, other regulators and HM Treasury t ..read more
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Appointed Representative: The rewards of Regulatory Umbrella
RiskSave
by Himanshu Verma
3y ago
As a business managing everything out and obtaining a direct FCA authorisation can be a rigorous and lengthy process. Smaller and new businesses often find it easier to sign on with a regulatory umbrella as an Appointed Representative to carry out all the financial activities, including dealing in investments, management of assets. But if they plan to go for direct authorization the fund’s managers must be directly authorised by the FCA unless they become an appointed representative. Most organizations understand the importance of regulatory compliance which helps in preventing unethical cond ..read more
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