The home jurisdiction.

UK financial services sit under the Financial Services and Markets Act 2000 (FSMA), with the FCA supervising conduct and the PRA supervising prudential matters. The Consumer Duty rules (FCA PRIN 2A) apply to firms dealing with retail customers. The Digital Operational Resilience Act (DORA) applies via the UK financial-services Statutory Instruments aligning with EU operational-resilience standards.

On AI specifically, the FCA and PRA published the joint Discussion Paper DP5/22 on AI and ML in financial services, and the FCA's AI Update sets out their supervisory expectations. The framework is principle-based rather than prescriptive: firms must show that AI workflows are governed, auditable, and proportionate. Veetso's controls system was designed against this standard, which is why the six gates and the audit log are described in the language a UK supervisor would recognise.

Veetso is not authorised by the FCA or the PRA. Veetso is a financial technology platform; regulated banking, payment, and e-money services are made available through partnerships with UK-licensed institutions under the framework that applies to each service. The licensed partner is the regulated party for the regulated activity; Veetso operates the technology layer under the partner's supervisory umbrella.

This pattern is standard in the UK fintech market and is explicitly recognised by the FCA in its outsourcing and operational-resilience guidance. The substance of the arrangement, who holds the regulated permission, and the division of responsibilities are documented and available to partners under NDA.

Personal data is processed under the UK GDPR and the Data Protection Act 2018, with the Information Commissioner's Office as the supervisory authority. Documents and customer data are stored in regions you nominate; operational telemetry records counts only, not content. AI calls are routed through approved providers under a no-training contractual basis. The ICO Guidance on AI and Data Protection sets the standard we design against.