Fraud reports continue to climb in the United Kingdom despite legislative victories. Last year saw 3.3 million reported cases of fraud in the U.K., a 12% increase over the 2023 numbers, according to the UK Finance group’s annual report, released Wednesday (May 28). The report...
Banks and payment companies have been slow to adopt a new platform in the U.K. that is meant to streamline the reimbursement of consumers who have fallen victim to online fraud. Since its launch last October, the platform run by Pay.UK for the Payment Systems...
It’s often said that history repeats itself. It’s hard to look at the current state of play regarding instant, or real-time, payments in the EU and U.K. right now and not think about that adage. Because right after the EU standardized an ambitious plan to...
England’s central bank is reportedly being pressured to forestall new capital requirements. That pressure, the Financial Times reported Sunday (Aug. 6) is coming from the British finance industry, which wants the Bank of England to hold off on adopting the rules for six months to give the UK’s...
March 21, 2024
It’s often said that history repeats itself. It’s hard to look at the current state of play regarding instant, or real-time, payments in the EU and U.K. right now and not think about that adage. Because right after the EU standardized an ambitious plan to accelerate instant payments, the U.K. has countered with a proposal […]
May 16, 2023
Over £1.2 billion ($1.5 billion) in the U.K. was stolen through authorized and unauthorized financial fraud in 2022, according to a recently published UK Finance report. And while that amounts to...
March 16, 2023
Much has been said about the potential new technologies like artificial intelligence (AI) and machine learning have in transforming fraud detection and fraud prevention across industries. But according to UK...
August 18, 2020
Most markets including the European Union, the United Kingdom and the United States have seen a jump in online transaction volume as consumers react to the pandemic. One recent study...
September 24, 2026
An initiative involving seven U.K. banks completed the first live customer transactions using tokenized sterling deposits, banking and finance industry organization UK Finance said in a Thursday (Sept. 24) press release. The transactions were delivered through the Great British Tokenised Deposit (GBTD) initiative, which was convened by UK Finance and involves the U.K. banks Barclays, […]
May 28, 2025
Fraud reports continue to climb in the United Kingdom despite legislative victories. Last year saw 3.3 million reported cases of fraud in the U.K., a 12% increase over the 2023...
February 25, 2025
Banks and payment companies have been slow to adopt a new platform in the U.K. that is meant to streamline the reimbursement of consumers who have fallen victim to online...
August 06, 2023
England’s central bank is reportedly being pressured to forestall new capital requirements. That pressure, the Financial Times reported Sunday (Aug. 6) is coming from the British finance industry, which wants the Bank of...