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My Compliance Centre launches Pay Assure

Friday, November 14, 2025 — 17:27:57 (UTC)

London, November 13, 2025. My Compliance Centre today announced the launch of Pay Assure, a purpose-built compliance management system created in direct response to the FCA’s heightened supervision of payments and e-money firms.

The regulator has recently reinforced expectations around safeguarding, governance and operational resilience, signalling that smaller firms must now meet the same standards as major banks. Pay Assure gives firms the structure, automation and evidence to stay in control.

The UK’s payments and e-money sector comprises more than 1,000 FCA-regulated firms serving millions of consumers and businesses. Many are now re-evaluating manual processes that can no longer keep pace with supervisory demands.

Developed with payments regulation expert John Burns, a member of My Compliance Centre’s Advisory Board, Pay Assure combines proven compliance technology with decades of frontline experience in governance and operational oversight. It delivers the capacity for firms to record and evidence their compliance with the core functions required under the FCA’s supervision of payments firms. This includes daily safeguarding reconciliations and capital adequacy reporting, as well as incident management, safeguarding resolution packs and operational resilience registers, all in an automated and structured manner. These capabilities give senior management a continuous line of sight across compliance activity, board approvals and audit trails.

John Burns commented: “The regulatory bar for payments firms has risen sharply. The FCA now expects every firm, regardless of size, to demonstrate strong governance and safeguarding. Pay Assure has been designed precisely around those expectations, automating the key processes that underpin compliance and confidence.”

Ben Mason, CEO of My Compliance Centre, said: “We built Pay Assure to give firms clarity and confidence in a changing regulatory landscape. For too long, payments firms have relied on spreadsheets and manual follow-ups to manage critical compliance processes. This system brings everything into one place, providing the structure and evidence firms need to stay ahead of the regulator’s expectations.”

Available in three pre-configured options, Pay Assure enables firms to select the level of capability that best matches their size and maturity. Each package is built to simplify oversight, reduce manual effort and ensure the evidence required by regulators, auditors and banks is always at hand.

Ben Mason added: “At My Compliance Centre, we believe compliance should empower firms, not burden them. Pay Assure embodies that belief by turning oversight into confidence and control.”

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Source: Company press release.

Categories: New Product