UK banks and mobile operators take on APP fraud with new Scam Signal solution
Delivered via API, Scam Signal enables banks to spot correlations between mobile data and fraudulent transfers.
UK Finance
UK Finance engages Quant and R3 to support Regulated Liability Network experimentation phase
UK Finance says the experimentation phase of its Regulated Liability Network will run until summer 2024.
UK financial services firms cautious but keen to adopt GenAI, new survey says
The study surveyed 23 members of UK Finance, including banks and non-banking financial services firms.
UK Finance calls on government to form new quantum computing taskforce
The taskforce would seek to explore the “multibillion-pound opportunities” of a quantum-enabled economy.
Nine UK banks link up to form company protecting access to cash
The company’s aim is to provide cash access, deposit and basic banking services where they are needed, across the UK.
UK contactless payment limit rises from £45 to £100
Some call for customer-set limits as contactless becomes more regular among users.
UK Finance plans future revamp for Open Banking body
The OBIE is morphing into a new organisation to support innovation.
Calls for UK Treasury to up contactless limit from £45 to £100
The UK no longer needs to follow the EU’s €50, or £45, contactless limit.
UK Finance appoints David Postings as new CEO
Postings is an industry veteran, spending 25 years at Barclays and three at Lloyds.
Fraudsters rake in £58m during COVID-19 by impersonating banks
Impersonation scams have risen 84% in 2020.
UK Finance scheme stops £19m of fraud in 2020
The Banking Protocol teams up police and bank staff to stop fraudsters in branches.
UK Finance lands two new managing directors
Both new appointees will join the trade body in the autumn.
UK contactless limit raised to £45 to prevent coronavirus cash handling
“The changes were already under consideration by the industry,” says UK Finance
UK Finance launches cash initiative, calls for bigtech collaboration
It’s “vital” that telecoms, retailors and infrastructure providers take part.
UK banks halt £820m of fraud in the first half of 2019
Figure means an increase of 14% in blocked criminal transactions.
Banking industry thwarted £1.66bn of fraud in 2018
But £1.2bn was stolen during the same period.
UK Finance wants to bring ethics to banking sector
Good luck getting that to work.
UK’s new SME dispute scheme gets disputed
An MP says caps on payouts are too low and there are concerns over costly court action.
UK financial sector unites for Financial Sector Cyber Collaboration Centre
UK banks, securities exchanges and insurance firms are joining forces to fight cybercrime.
Criminals scam UK finance industry out of £500m
UK Finance reveals facts, figures and fears.
UK government and banks plan anti-fraud initiative
Partnership will see UK Finance and panel of experts tackle scams.
Contactless conquers cash in UK clash
UK Finance says convenience of debit card payments puts cash in second place.
Fintech funding round-up: 6 April 2018
Stars PeerStreet, UK Finance and CardUp.
UK Finance brings simpler banking to SMEs
18 business bank account providers agree to same basic set of information.
New trade body UK Finance launches
New trade association UK Finance – created as a result of the merger between six domestic associations in the banking and payments space – has officially launched. As reported in March, UK Finance brings together the Asset Based Finance Association (ABFA), British Bankers’ Association (BBA), Council of Mortgage Lenders (CML), Financial Fraud Action UK (FFA […]
Payments UK predicts debit cards to overtake cash in 2018
Rapid growth in the use of contactless cards means cash will be overtaken as Britain’s most frequently used payment method by the end of 2018, according to trade association Payments UK (soon to become UK Finance). Despite this surge, its latest forecast still does not herald the demise of cash – even in ten years’ […]
Six into one with new finance and banking trade association, UK Finance
The UK’s new financial trade association – created as a result of the merger between six domestic associations in the banking and payments space – has unveiled its name: UK Finance.
