UK Finance - News, Articles & Research

On-Demand Webinar - Why low-code is the solution to propel data driven services

Watch our on-demand webinar with Volante Technologies, as our panel of industry experts discuss how financial institutions can leverage low-code technologies or API-enabled services to assist in bigger-picture projects.

Speakers from: UK Finance, Volante Technologies, BNY

27 September 2022 264

News/payments

Faster Payments volumes increase by 23%– UK Finance

A new UK Finance Payment Markets report finds Faster Payments volumes increased by 23% to 3.6 billion from 2020 to 2021. The report looks at the latest payment trends from 2021 and forecasts up to 2031.

19 August 2022

News/security

10% of UK adult victims of digital wallet fraud – ACI Worldwide

Research by ACI Worldwide has found that one in ten UK adults fell victim to online fraud in the past four years.

27 July 2022

Company announcement/crypto

UK Finance sifts through commercial implications of Britcoin

The Bank of England (the Bank) and HM Treasury are currently considering whether the introduction of a UK retail central bank digital currency (CBDC) would be beneficial for the UK economy and the continued integrity of pound sterling in light of increasing use of digital money.

14 July 2022

News/security

UK Finance reveals huge rise in APP fraud

The lastest fraud figures released by UK Finance reveal a huge rise in authorised push payment (APP) fraud in 2021, with losses 39% up on the same period in 2020.

29 June 2022

News/regulation

UK to overhaul Consumer Credit Act

The UK government says it will reform the "highly prescriptive and increasingly cumbersome and inflexible" Consumer Credit Act, moving much of it from statute to sit under the FCA to foster innovation while maintaining consumer protections.

16 June 2022

Company announcement/security

DPCU prevents a record £101 million from being stolen in 2021

A specialist police unit which targets the organised criminal gangs behind fraud prevented a record £101 million from being stolen in 2021, the highest amount in the unit’s 20-year history.

16 May 2022

Company announcement/regulation

New research offers fresh thinking about payments regulation post-Brexit

The Payments Association (formerly The Emerging Payments Association (EPA)), UK Finance, the collective voice for the banking and finance industry, and global law firm Latham & Watkins, today announce the launch of ‘UK Payments Regulation Review: Making sense of where to go now’.

17 March 2022

News/payments

Contactless payments soar as limit increase takes effect

The lifting of the limit on contactless payments to £100 in the UK has led to a surge in tap-and-pay transactions, as consumers use the touchless checkout method to pay for higher value items.

17 March 2022

News/security

UK Government acts on online advert scams

The UK Government has confirmed that a new legal duty will be added to the Online Safety Bill requiring the largest and most popular social media platforms and search engines to prevent paid-for fraudulent adverts appearing on their services.

09 March 2022

Company announcement/regulation

UK Finance launches supplier assurance framework

The Supplier Assurance Framework is the product of an initiative from the Cross Market Operational Resilience Group (CMORG) which leads financial sector-wide collective action on operational resilience and is co-chaired by senior executives of the Prudential Regulation Authority (PRA) and UK Finance.

24 February 2022

News/regulation

UK Finance expresses fears over FCA Consumer Duty proposals

Banking industry body UK Finance has raised serious misgivings about the FCA's plans to impose a new 'Customer Duty' on financial firms with the intention of ensuring a more consistent standard of consumer protection for users of financial services.

16 February 2022