UK Finance

153 results about this entity

Period: 02 Jan 2002 - 11 Jul 2025

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UK Finance responds to APP Steering Group consultation

Responding to the publication of the consultation responses by the Authorised Push Payments Steering Group on its draft Voluntary Code, Stephen Jones, Chief Executive of UK Finance said:

Crosswell and Parsons join UK Finance board

UK Finance has today announced the appointment of Charlotte Crosswell, CEO, Innovate Finance, and Mark Parsons, Chief Executive Officer and Executive Director, Coventry Building Society, to its Board.

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UK consumers get clearer current account information

From today, consumers will be able to compare clearer and more consistent information about the additional services current account providers offer all customers, including those in potentially vulnerable circumstances, after a voluntary commitment made by the finance industry comes into action.

UK Finance proposes payments tax to compensate fraud victims

UK Finance proposes payments tax to compensate fraud victims

Banking lobby UK Finance has floated the idea of imposing a universal tax on funds transfers which banks could dip into to compensate victims of push payments fraud.

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.

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