UK Finance

138 results about this entity

Period: 02 Jan 2002 - 23 Apr 2024

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/sustainable

Banking industry welcomes recommendations for ‘just transition’ to net-zero carbon emissions

The banking and finance industry today welcomes a new report which sets out how the sector can work together to drive an environmentally sustainable economic recovery and deliver a just transition to net zero.

/people

UK Finance appoints new MDs for economic crime intelligence strategy and payments and innovation

UK Finance, the body representing the finance and banking industry operating in the UK, has today announced the appointments of two new Managing Directors; Karen Baxter, who will lead on Intelligence Strategy for Economic Crime, and Jana Mackintosh who will lead on Payments & Innovation. Both will join the organisation in autumn this year.

/people

UK Finance appoints MDs for economic crime strategy and payments and innovation

UK Finance, the body representing the finance and banking industry operating in the UK, has today announced the appointments of two new Managing Directors; Karen Baxter, who will lead on Intelligence Strategy for Economic Crime, and Jana Mackintosh who will lead on Payments & Innovation. Both will join the organisation in autumn this year.

UK Finance proposes new oversight model for Open Banking

/regulation

UK Finance proposes new oversight model for Open Banking

UK Finance is proposing that the oversight of Open Banking functions should be moved to a new service company upon completion of the implementation roadmap in early 2021.

Eight UK communities to trial cash promotion schemes

/payments

Eight UK communities to trial cash promotion schemes

Eight locations across the UK have been chosen to test solutions that will help communities retain free access to cash, as the nation shifts to an increasingly cashless society.

/payments

£38 billion provided to 910,000 UK businesses by lenders through Covid-19 loan schemes

More than 910,000 businesses have now been helped by the banking and finance industry through the government’s coronavirus loan schemes.

/wholesale

UK Finance: £35 billion loaned to businesses seeking Coronavirus relief

The banking and finance industry has backed over 830,000 UK businesses through the Government’s coronavirus loan schemes.

More than half of UK payments in 2019 made by card

/payments

More than half of UK payments in 2019 made by card

More than half of all payments in the UK were made by card last year as cash usage fell sharply, industry figures show.

/payments

UK lenders approve almost 1.5 million payment holidays on credit cards and personal loans

Customers facing temporary financial difficulties due to the coronavirus have been granted almost 1.5 million payment holidays by lenders on their credit cards and personal loans, UK Finance reveals today.

/retail

Lenders offer hundreds of thousands of customers payment holidays on credit cards and personal loans

The banking and finance industry has provided financial relief to hundreds of thousands of consumer credit customers whose finances have been impacted by the coronavirus, UK Finance reveals today.

Scammers left to run riot on social media, Which? finds

/security

Scammers left to run riot on social media, Which? finds

Popular social media platforms such as Twitter, Instagram and Facebook have become a breeding ground and safe haven for criminals selling people's personal financial details, according to an investigation by Which? Money.

Banks join mobile industry to tackle Covid-19 scams

/security

Banks join mobile industry to tackle Covid-19 scams

The UK mobile industry, banking and finance sector and the National Cyber Security Centre (NCSC) have joined forces in a bid to block the spiralling use of scam text messages exploiting the Covid-19 crisis.

/security

Banking industry-funded police unit cracks down on Covid-19 text message scams in London

A specialist police unit funded by the banking industry has executed warrants in London and across the country in a crackdown on criminals sending scam text messages and emails exploiting the coronavirus outbreak.

/covid-19

UK banks dole out £1.1 billion in Coronavirus loans to SMEs

The banking and finance sector has lent over £1.1 billion to SMEs so far through the Coronavirus Business Interruption Loan Scheme (CBILS), UK Finance has revealed today.

One-in-nine UK mortgage holders taking payment holidays

/retail

One-in-nine UK mortgage holders taking payment holidays

Over 1.2 million UK mortgage holders have taken advantage of payment holidays offered by lenders, laying bare the economic devastation caused by Covid-19.

/security

Scam alert: Criminals using Covid-19 smishing text messages to target consumers

UK Finance is warning consumers to be on the lookout for “smishing” text message scams from criminals exploiting the coronavirus outbreak.

UK contactless limits raised to £45

/covid-19

UK contactless limits raised to £45

The UK has joined other countries around the world in lifting the ceiling for contactless card payments, enabling customers to make more payments without touching card terminals or handling cash.

APP fraud losses hit £456 million in 2019

/security

APP fraud losses hit £456 million in 2019

With authorised push payment (APP) fraud soaring, UK Finance is calling for cross-sector cooperation on a problem that still results in most victims not being reimbursed by banks, despite a recently introduced voluntary code of conduct.

/security

Banking industry-funded fraud squad prevents and disrupts £31.2m of fraud in 2019

A specialist police unit funded by the banking and finance industry prevented £31.2 million of fraud and disrupted 23 Organised Criminal Groups (OCGs) in 2019, new figures reveal.

UK banks extend deadline for funding APP fraud compensation

UK banks extend deadline for funding APP fraud compensation

The UK's largest banks have committed to extend funding to reimburse customers who fall victim to authorised push payment fraud by three months, pushing the expiry date for the interim arrangement from December to March 2020.

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