Accessibility and inclusive de...
Vulnerable customers: The FCA's New Consumer Duty is everyone's duty. - Nile
"Inclusive design isn't just a job for an accessibility team anymore. This is for everyone. It's great news for vulnerable customers, but we anticipate it will be a significant challenge for many FS firms."
Discover the UK's game-changing "Consumer Duty" regime, set to revolutionize retail financial services! With a focus on value for money, fair pricing, and responsive customer service, this shake-up ensures better outcomes and protection for consumers. Learn how it impacts your household and take steps towards financial empowerment today! #ConsumerDuty #FinancialEmpowerment #UKFinance
On the 31st of July 2023 new FCA rules, referred to as the Consumer Duty, came into force for financial services firms.
This is a seismic shift in the expectations the Financial Conduct Authority has on #fintech firms.
The #FCA has positioned Consumer Duty as a catalyst for positive change with the overall expectation that it will ‘move the needle’ in terms of #customer #trust in the #financial services sector.