UK Finance - News, Articles & Research

Next UK government should make Big Tech pay to fight scams - UK Finance

The next UK government should introduce a bill that forces technology, social media and telecoms firms to contribute £40 million a year to fight fraud and scams, says UK Finance.

31 May 2024

News/security

UK bank fraud losses topped £1 billion last year

Fraud losses in the UK dropped by four percent in 2023, but still topped the £1 billion high watermarket.

22 May 2024

News/payments

UK Finance develops model clauses for variable recurring payments

UK Finance has teamed up with law firm Addleshaw Goddard to put together a set of model clauses that bank account providers and PSPs can use in variable recurring payments (VRPs).

23 April 2024

News/payments

UK moves to experimentation phase of Regulated Liability Network

The UK's biggest banks are pushing ahead with the experimentation phase of a Regulated Liability Network, a financial market infrastructure for programmable money operating on a multi-bank shared ledger.

16 April 2024

News/devops

BlackRock rolls out GenAI to staff and clients

Global investment manager BlackRock has announced the rollout of generative AI tools as soon as January in a bid to embrace the nascent technology.

08 December 2023

Company announcement/retail

UK Finance calls for creation of Quantum Taskforce

UK Finance has today launched two reports revealing the risks and opportunities of quantum for the UK financial services sector.

31 October 2023

News/security

UK consumers lost over half a billion pounds to scams in the first half of 2023

Criminals stole £580 million through unauthorised and authorised fraud in the first half of 2023, a two per cent decrease compared with the same period in 2022, according to new figures from UK Finance.

25 October 2023

News/crypto

UK to test Regulated Liability Network concept for retail payments

The UK is to push ahead with a proof-of-concept on the development of a Regulated Liability Network, a financial market infrastructure for programmable money operating on a multi-bank shared ledger.

06 September 2023

Company announcement/sustainable

UK Finance updates on cash industry environmental work

It’s been a while since we shared an update on the work that participants in the UK cash supply chain are doing to reduce the environmental impacts of cash.

04 September 2023

Company announcement/markets

UK Finance calls on Government to help digitse UK capital markets

UK Finance today releases a new report which sets out three key missions to accelerate the digital transformation of the UK’s capital markets.

06 July 2023

News/payments

UK Finance baulks at proposed £20,000 upper limit for future Britcoin

UK Finance, the collective voice for the UK banking and finance industry, has clashed with the bank of England on the proposed £10,000 to £20,000 ceiling on individual holdings in a future central bank digital currency, arguing that such a limit could result in a run on bank deposits.

06 July 2023

Company announcement/retail

Glassbox to offer discounted Consumer Duty software to UK Finance members

Glassbox (TASE:GLBX), a leading provider of digital experience analytics for web and mobile applications, today announced it has entered into a partnership with UK Finance to make its award-winning digital experience solution available to UK Finance members at a preferred rate.

17 May 2023