Tag: Gursel Niyazi

Update: FCA removes warning against FinTech startup Lanistar

Compliance tamir - November 23, 2020

On 18 Nor 2020, the FCA issued a consumer warning against the FinTech startup Lanistar. Subsequently, Lanistar apparently contacted the FCA and offered clarification. These talks evidently have been positive. On 20 Nov the FCA officially removed its warning. Lanistar agreed to make clear in its communication that it is not conducting FCA-regulated activities.

FCA issues warning against FinTech wonder Lanistar

Compliance Mark Lagarde - November 20, 2020

Lanistar is a prominent FinTech on Instagram and proudly presents young, sexy, and fashionable influencers on its website. The company was also hyped by bullish press releases from its partner MasterCard. The FinTech is aiming for a £1 billion valuation. The UJ FCA, however, has issued an investor warning against Lanistar, advising that it’s operating without authorization in the U.K.

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