UK Finance

138 results about this entity

Period: 02 Jan 2002 - 23 Apr 2024

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UK Finance develops model clauses for variable recurring payments

/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).

UK moves to experimentation phase of Regulated Liability Network

/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.

BlackRock rolls out GenAI to staff and clients

/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.

/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.

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

/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.

UK to test Regulated Liability Network concept for retail payments

/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.

/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.

/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.

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

/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.

/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.

UK financial fraud hits £1.2bn but APP losses dip

/payments

UK financial fraud hits £1.2bn but APP losses dip

The UK saw a slight dip in financial fraud losses in 2022, to £1.2 billion, driven by a 17% fall in authorised push payment (APP) losses.

/security

UK Finance: £177.6 million lost to impersonation scams in 2022

During Take Five Week (17-21 April), the public is being warned to beware of impersonation scams as new figures show there were 45,367 cases of this type of fraud in 2022, with losses totalling £177.6m.

UK associations form crypto industry alliance; government preps consultation on digital pound

/crypto

UK associations form crypto industry alliance; government preps consultation on digital pound

Five UK industry bodies have formed an alliance to help guide the nation's digital currency future.

UK banks form company to develop shared banking hubs

/payments

UK banks form company to develop shared banking hubs

The UK's top banks have clubbed together to pay for the development of shared banking hubs across the country.

Edinburgh Reforms: UK government announces widespread transformation for financial sector

/regulation

Edinburgh Reforms: UK government announces widespread transformation for financial sector

The Chancellor of Exchequer Jeremy Hunt has announced The Edinburgh Reforms, a set of developments to catalyse competition and growth in the UK FS sector, that includes moves on a CBDC and the move to Net Zero.

/security

Amazon joins up with the Take Five to Stop Fraud campaign

To mark International Fraud Awareness Week (13-19 November 2022), UK Finance’s Take Five to Stop Fraud campaign and Amazon today launch the ‘Can you spot fraud?’ quiz, to help businesses, particularly small and medium sized enterprises, stay safe from fraud.

UK payment fraud losses show decline

/crime

UK payment fraud losses show decline

UK Finance has re-iterated its call for cross-sector action to tackle criminal gangs perpetrating large scale fraud in the UK, as figures for the first half of 2022 show that a total of over £609.8 million was stolen through scams.

Faster Payments volumes increase by 23%– UK Finance

/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.

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

/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.

/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.

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