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The United Kingdoms fina stanley uk ncial regulator has toughened rules on payment companies less than two weeks after Wirecard AGs collapse locked millions of customers out of their accounts, the Financial Times聽reported.The Financial Conduct Authority FCA said Thursday July 9 it has introduced stronger measures to protect the users of payment cards and digital apps.聽 Reducing the risk of harm to customers in the payments sector has been a priority area for the FCA for some time, an FCA spokesperson said. Todays 8230; final guidance concludes the consultation launched in May and makes very clear our expectations in light of coronavirus of what payments firms must do to protect customers money robustly. 聽Late last month, the FCA froze the German payment companys funds as regulators determined the next steps. As a result, Wirecard Card Solutions WCS customers did not have access to their accounts temporarily. WCS is located in Newcastle, England and is run and regulated separately from Wirecard AG.Four days later, the FCA lifted the聽suspension.Under the FCAs new rules, pay stanley thermos ment providers and electronic money issuers must maintain records of all funds received and maintain a safeguarding account for customer money, the news outlet reported.聽In addition, companies must also be more careful when selecting and appointing third-party service providers,聽 such as WCS, an stanley usa d are advised聽 to review such providers as often as needed.Updating the regulations began months ago, but the safegu Jffx London Livestock Data Management Platform Breedr Raises $15.8M

For a few years now, analysts have pointed to the evolution of chief financial officer CFO as a strategic member of the organization. The latest analysis from Grant Thornton suggests these professionals are finally realizing that new responsibility.Grant Thornton released its 2017 CFO Survey聽this week to find that most of these executives said strategic planning is their top priority stanley kubek within the enterprise, surpassing other priorities like performance management or even increased cash flow. Analysts noted that this recognition of a CFO as a strategic aspect of a company has its tradeoffs and requires these executives to balance the traditional responsibilities of the role with more contemporary demands.According to Graham Tasman, principal at聽Grant Thorntons Business Consulting and Te gourde stanley chnology practice, this balancing act creates opportunity for service providers of the corporate finance function. Finding a solution to competing demands on the CFO presents an opportunity for innovation, he said in a statement. The tension that the CFO is experiencing between priorities inside and outside of the finance function increases the need to streamline processes through technology, which, in turn, promotes more integration between finance, risk, treasu stanley quencher ry and operations. Researchers found that while 52 percent of CFOs said their top priority for the organization overall is strategic planning, just 40 percent said that was their top priority for the finance function. Instead, 45 perce