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CDA warns of fake bank scams draining UK accounts
UK businesses, charities, and wealthy account holders are being warned about a new wave of scams where criminals impersonate banks’ anti-fraud teams to steal...
FCA plans to give banks freedom on contactless limits
The FCA has launched a consultation on proposals that could give consumers more flexibility and convenience when using contactless payments.
The regulator is considering allowing...
UK financial services jobs shrink as AI reshapes sector
The UK financial services workforce is experiencing a marked contraction, with new analysis of FCA permissions data showing a decline across nearly all regulated...
Why payment fraud is surging and how to stop it
In early 2025, Block—the parent company of Cash App—agreed to pay up to $255m to settle claims that criminals had used its platform for...
AI compliance leader ComplyControl joins UK Finance
ComplyControl, a provider of AI-powered compliance solutions, has joined UK Finance as an Associate Member, reinforcing its commitment to strengthening the UK’s financial ecosystem...
Smarsh survey reveals AI trust issues in UK finance
A recent survey by Smarsh has uncovered a sharp rise in the use of AI tools within the UK financial services sector, but also highlights a lack of clarity and control around how these tools are governed.
Investment scams fuel 34% rise in APP fraud losses despite fewer...
Britain recorded a sharp increase in financial fraud cases in 2024, with a record 3.31 million incidents reported, a 12% rise from the previous...
PSR and FCA explore the impact of digital wallets on UK...
The Payments Systems Regulator (PSR) and the Financial Conduct Authority (FCA) have jointly initiated a call for information to assess the rapidly growing influence...
Monzo introduces groundbreaking security features to combat UK fraud rise
Monzo, the leading digital bank in the UK, recently introduced three innovative security controls—Known Locations, Trusted Contacts, and Secret QR Codes—aimed at bolstering fraud prevention for its customers.
FCA sets new standards with anti-greenwashing rules
The Financial Conduct Authority (FCA) is enhancing its support for the FinTech industry by confirming new anti-greenwashing guidance ahead of its enforcement starting 31 May.
