UK Finance - News, Articles & Research

Company announcement/regulation

ComplyControl becomes UK Finance associate member

The ComplyControl UK Finance Membership is a big step forward for the regtech company as it expands its presence in the UK financial ecosystem. ComplyControl is an associate member of UK Finance, which gives it access to important industry conversations that are shaping the future of compliance, regulation, and risk management.

11 July 2025

News/security

Over £1bn stolen by fraudsters in 2024 - UK Finance

Criminals stole £1.17 billion through fraud in the UK last year, with a slight fall in authorised push payment fraud losses offset by a rise in remote purchase fraud.

28 May 2025

Company announcement/wealth

Pimfa, UK Finance and KPMG push growth agenda for private banking and wealth management

A new report from PIMFA, UK Finance and KPMG UK has revealed opportunities for how the government can further support the UK’s Private Banking and Wealth Management (PBWM) sector in helping to deliver growth, provided four key barriers can be addressed.

20 May 2025

News/ai

Active human oversight remains key as banks begin roll out GenAI

Financial services firms are putting an emphasis on active human oversight for model training, interpretation and sensitive decision-making as they begin the roll out of generative AI across their businesses, according to a report from UK Finance.

28 January 2025

News/security

Banks and mobile operators collaborate on Scam Signal for detecting APP fraud

GSMA and UK Finance have joined forces to provide a collaborative framework for the UK’s mobile network operators and banks to develop and launch Scam Signal, a new system to help address Authorised Push Payment (APP) fraud in the UK.

05 November 2024

News/crime

19% consumer and retail fraud increase in England and Wales reports ONS

The Office of National Statistics (ONS) has reported there were approximately 3.6 million consumer and retail fraud incidents in 2024, a 19% rise for the same period in 2023.

25 October 2024

News/security

APP fraud declines in H1; card not present cases up by 26%

Financial losses from authorised push payment (APP) fraud, romance and purchase scams and impersonation deceptions show a marked decline in the first half of the year, according to new data from UK Finance.

18 October 2024

News/payments

UK banks hail Regulated Liability Network experiments

The UK's biggest banks have completed the experimentation phase of a Regulated Liability Network, claiming a number of benefits that the financial market infrastructure for programmable money operating on a multi-bank shared ledger could bring.

17 September 2024

News/security

PSR stands firm over reimbursement model for APP fraud

As the banking industry chafes against upcoming rules governing payback to victims of authorised push payment fraud, the Payment Systems Regulator has released new data which shows that reimbursement for victims still depends largely on who they bank with.

01 August 2024

News/payments

Third of Brits now use mobile contactless payments

The total number of payments made in the UK increased by five per cent in 2023 with a third of Brits now regularly paying with a tap of their mobile phone, according to UK Finance figures.

24 July 2024

Company announcement/retail

UK Finance launches site to support charity access to banking services

UK Finance today launches a new site including a step-by-step digital guide and FAQ to support charities and other voluntary organisations open and manage bank accounts.

22 July 2024

News/markets

UK firms that list abroad should pay back state aid - UK Finance

Companies that decide to list outside the UK or move valuable operations from the country should be made to pay back tax-payer funded support they have previously taken, according to a UK Finance report.

04 July 2024