Trading apps remain under FCA review over gamification concerns

Follows regulator research

The Financial Conduct Authority has maintained its review of trading apps due to the potential risks posed by gamification.

Consumer Duty was cited by the regulator in its rationale for keeping the apps under review, noting that the programmes "must ensure services are designed and tested so they meet consumers' needs and enable them to make effective, timely and properly informed investment decisions, including for those with characteristics of vulnerability". FCA delays publication of politically exposed persons review until after General Election The move follows a research note authored by the FCA, which revealed the digital engagement practices (DEPs) used by apps, including push notifications and pri...