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Britains Financial Conduct Authority  FCA  has said the Financial Ombudsman Service, which handles complaints from financial companies and customers, will be able to raise fine amounts and in turn allow for more compensation to customers and businesses, according to reports. Consumers and small businesses struggle with the cost and time needed to take firms to court, so it is essential they can receive fair compensation from the Financial Ombudsman Service when things go wrong, stanley deutschland   said Andrew Bailey, chief executive of the FCA.  We have listened carefully to th stanley kubek e feedback we have received, and believe our approach is right and will bring benefits to both the consumers and micro-enterprises. The new fine amounts will take effect on April 1, 2019. The current limit is 拢150,000, and that will increase to 拢350,000. For actions that happened before then but were referred after April, the limit will be raised to 拢160,000.The FCA also said it would continue to raise fines to keep pace with inflation. These new fine amounts are in tandem with the organization extending regulatory service to what it calls larger-sized SMEs 鈥?businesses with less than 50 workers, an annual turnover of 拢6.5 million or under and a balance sheet totaling less than 拢5 million.Under those specifications, 210,000 SMEs will now be able to file compla gourde stanley ints with the ombudsman.In other U.K. FinTech news, it was reported that consumers in the U.K. really like to keep tabs on their banking accounts. In fact, in 2018,