Nvayo and the price of resistance
Published 02 April 2025
Introduction
The recent case of e-money firm Nvayo entering special administration offers a stark lesson: regulatory compliance is not a battle to be won through attrition, but a necessary responsibility. Whilst Nvayo focused its energies on challenging the FCA’s supervisory notices, even taking the case to the High Court, that time and resource could have been better spent addressing the very compliance failings that triggered the regulatory intervention in the first place.
