Fintech wrap: Finfluencers warned, Russian fintechs sanctioned, SEPA regs present challenges

The FCA has issued renewed warnings to finfluencers – social media influencers who promote financial products on their accounts – issuing guidance on memes, reels and gaming streams.

Last year the FCA removed over 10,000 misleading adverts in the UK, up from around 8,500 in 2022. 

The regulator says adverts across social media channels