In May 2018, iMillion received the Electronic Money Institution (EMI) license from the Financial Conduct Authority (FCA). This accomplishment marks another significant milestone for our organization and enable us to provide fully FCA compliant financial services to our Clients.
“The fact that iMillion has been granted FCA approval is the evidence of robust security risk management tools and processes. Our achievement, being an electronic money institution FCA regulated, will give our clients greater confidence that our business has moved forward to a higher degree of scrutiny.”
Andrea Bai Badino
Founder and CEO
Who is FCA?
Established in 2013, the Financial Conduct Authority is the conduct regulator for more than 58,000 financial services companies in UK and the prudential regulator for over 18,000 of those companies. With financial markets necessity to be reliable, fair and consistent for consumers, FCA’s aim is to make markets working well for individuals, large and small businesses, and for the economy as a whole.
To read more about the regulations governing EMIs, visit the Financial Conduct Authority (FCA) website.