Regulators are coming under mounting pressure to tighten fintech rules after the collapse of Wirecard’s UK arm exposed fault lines in the nascent sector.

In the latest move, the Emerging Payments Association has published a review it expects to present to UK lawmakers, detailing how the Financial Conduct Authority’s actions left fintech customers vulnerable. The association, which plans to share the findings with the watchdog, says flaws in the existing payments regulation have been highlighted.