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Qualco says that, although historically there has not been the need for authorisation from the Financial Conduct Authority (FCA), future products and enhancements made the application beneficial.
Senior Journalist, covering the Credit Strategy and Turnaround, Restructuring & Insolvency News brands.
According to the technology solutions provider, receiving confirmation from the regulator will allow for a “continued provision of added value” for its clients.
Commenting on the news, Qualco’s managing director Christian Jacob said: “We are pleased to have gained our authorisation from the Financial Conduct Authority. The UK is recognised globally as having some of the most stringent financial regulations and it is great we have been able to demonstrate our credentials throughout the approval process.
“Gaining authorisation is a logical progression for the company - it enables us to deliver a supplementary suite of exciting products and services, which will benefit our clients and, ultimately, their customers.”
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