UK Finance

138 results about this entity

Period: 02 Jan 2002 - 23 Apr 2024

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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.

Uneasy sits the crown as cash use continues decline

Uneasy sits the crown as cash use continues decline

The numbers of people using cash to pay for everyday purchases in the UK declined by 11% over the past year as growth in contactless card use accelerated.

UK Finance opens for business

UK Finance opens for business

UK Finance, a new mega-trade body representing over 300 firms in the UK, opens for business today, taking on the activities previously carried out by the Asset Based Finance Association, the British Bankers’ Association, the Council of Mortgage Lenders, Financial Fraud Action UK, Payments UK and The UK Cards Association.

UK banking app transaction numbers soar

UK banking app transaction numbers soar

Brits are increasingly relying on banking applications to manage their money, with nearly 40% of adults using apps in 2016 and transactions rising by 57% during the year.

Apps crush internet for UK banking logins

Apps crush internet for UK banking logins

The number of internet banking logins made by Brits each day fell last year, as customers continued to migrate to apps, BBA research shows.

BBA launches review into branch closure protocol

BBA launches review into branch closure protocol

With many of its members closing large numbers of branches, trade association the British Banking Association is launching an independent review into the protocol on minimising the impact of closures on customers.

UK banks propose merger of five trade associations to create single super lobby

UK banks propose merger of five trade associations to create single super lobby

UK financial sector trade associations the British Bankers’ Association, the Council of Mortgage Lenders, Payments UK and the UK Cards Association could be brought together to create a single umbrella organisation for the industry under proposals put forward by a bank-backed review body.

Tagetik becomes British Bankers' Association associate member

Tagetik, a visionary leader in global performance management software solutions, today announced it has become an associate member of the British Bankers’ Association (BBA).

BBA appoints first female chair

Noreen Doyle has today been appointed as the new BBA Chair.

Banking by mobile overtakes branch interactions - BBA

Banking by mobile overtakes branch interactions - BBA

Banking by smartphone and tablet has become the leading way customers manage their finances, as mobile banking overtakes branches and the internet as the most popular way to bank, according to the British Banking Association.

BBA defends banks over data breach report rise

BBA defends banks over data breach report rise

A Freedom of Information request to the Information Commissioner's Office (ICO) has uncovered a 183% rise in reported Data Protection Act breach investigations within the UK financial services industry in the last two years.

UK banks agree protocol on branch closures

UK banks agree protocol on branch closures

British banks will have to provide 12 weeks' notice of branch closures and publish assessments of the impact on customers, under a new protocol to be published this week. However, the agreement is unlikely to slow the rush to cut expensive branch networks, stressing that closures are ultimately commercial decisions.

Banking has reached a digital tipping point BBA warns

Banking has reached a digital tipping point BBA warns

Banks must concentrate on harnessing a range of digital technologies or risk losing customers to a new wave of competitors, according to a report by the British Bankers Association (BBA) and Accenture.

UK silver surfers topping banks' online and mobile growth charts

UK silver surfers topping banks' online and mobile growth charts

UK banks are experiencing faster growth rates for digital services by customers in the 70s and 80s, according to the latest data from the British Bankers Association.

Regulate bitcoin, but leave the blockchain alone say banking trade bodies

Regulate bitcoin, but leave the blockchain alone say banking trade bodies

The British Bankers Association and the Payments Council have called for the Government to take a 'light touch' to regulation of the underlying bitcoin blockchain technology, which they say has the potential to fundamentally change the way financial assets are transferred.

Competition watchdog to investigate UK current account and SME banking market

Competition watchdog to investigate UK current account and SME banking market

The UK's Competition and Markets Authority is to launch a full-scale investigation into personal current accounts and SME banking, following a three month consultation exercise.

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