UK Finance

149 results about this entity

Period: 02 Jan 2002 - 05 Nov 2024

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New legislation may be needed to address APP fraud

New legislation may be needed to address APP fraud

Moves to reimburse consumers who fall victim to push payment fraud has come a step closer with the publication of a draft voluntary code drawn up by a steering group of UK banks and consumer rights campaigners.

Scammers steal £500m from UK bank customers in six months

Scammers steal £500m from UK bank customers in six months

Criminals stole more than £500 million from UK bank account holders in the first half of 2018, according to industry figures.

UK and EU banks plan early warning systems

UK and EU banks plan early warning systems

Both UK and European banks are separately looking at projects to design an early warning system using market data to mitigate the threat of major misconduct or the beginning of the next financial crisis.

UK banks to publish financial comparison data in bid to drive up service standards

UK banks to publish financial comparison data in bid to drive up service standards

UK banks will have to inform customers about the quality of service on their websites and in branches, including how often the firm has had to report operational and security incidents and the level of complaints lodged, under new financial comparison rules introduced by the Financial Conduct Authority.

Debit cards overtake cash payments in the UK

Debit cards overtake cash payments in the UK

Debit card payments have overtaken cash in the UK for the first time, spurred by the rising popularity of contactless and online shopping.

Digital banking transformation creating new systemic risks

Digital banking transformation creating new systemic risks

Digital banking transformation programmes are creating a new wave of operational and systemic risks for which the industry is ill-prepared, warns UK Finance.

APP scam data published for first time

APP scam data published for first time

UK consumers lost £236 million to authorised push payment scams in 2017, the first year that Britain's banks have reported data on the fraudulent activity, in which bank customers are duped into transferring cash to criminal accounts.

UK financial fraud losses dip eight percent in H1

Financial fraud losses of £366.4 million in the first half of 2017 were 8 per cent lower year-on-year, figures from UK Finance show.

Uneasy sits the crown as cash use continues decline

Uneasy sits the crown as cash use continues decline

The numbers of people using cash to pay for everyday purchases in the UK declined by 11% over the past year as growth in contactless card use accelerated.

UK Finance opens for business

UK Finance opens for business

UK Finance, a new mega-trade body representing over 300 firms in the UK, opens for business today, taking on the activities previously carried out by the Asset Based Finance Association, the British Bankers’ Association, the Council of Mortgage Lenders, Financial Fraud Action UK, Payments UK and The UK Cards Association.

UK banking app transaction numbers soar

UK banking app transaction numbers soar

Brits are increasingly relying on banking applications to manage their money, with nearly 40% of adults using apps in 2016 and transactions rising by 57% during the year.

Apps crush internet for UK banking logins

Apps crush internet for UK banking logins

The number of internet banking logins made by Brits each day fell last year, as customers continued to migrate to apps, BBA research shows.

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