UK Finance - News, Articles & Research

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

News/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.

11 May 2023

Company announcement/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.

18 April 2023

News/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.

11 January 2023

News/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.

20 December 2022

News/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.

09 December 2022

Company announcement/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.

14 November 2022

News/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.

13 October 2022

News/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.

19 August 2022