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Aoife Quinn

Aoife Quinn

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Payments, financial resilience and wind-down plans

[fa icon='calendar'] 08-Jan-2021 14:26:36 / by Aoife Quinn posted in FCA, Payments sector, E-money sector, winddown planning

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Yesterday, the FCA published survey results that will not have surprised many in the sector. As at the end of October 2020, 4,000 financial service firms were identified with low financial resilience, with the Payments & E-money sector having the lowest proportion of profitable firms.

 

Certainly, this past year has brought many challenges for us all, and the picture for the sector, from what we see, is a mix bag of fortunes with some clients doing very well and others feeling the financial realities too keenly.

 

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