Archives

July 5, 2026 @ 11:12 am By Omar Faridi  |  

UK Finance has shared a blog post authored by Craig Oliver, Third-Party Risk Management and Supplier Assurance Lead, PA Consulting and Karan Chao, Third Party Risk & Digital Trust Expert, PA Consulting. As clarified in an update shared with CI,  the opinions expressed here are… Read More

June 25, 2026 @ 1:41 pm By Omar Faridi  |  

UK based banks and building societies, supported by UK Finance, have completed initial testing for a new voluntary digital verification service designed to let customers securely share verified personal details through their banking apps. Barclays, HSBC, Lloyds Banking Group, Nationwide Building Society, NatWest Group and… Read More

June 23, 2026 @ 10:54 am By Omar Faridi  |  

UK Finance has indicated that mergers and acquisitions have always reflected the broader state of global markets. As the second half of 2026 approaches, deal activity is recovering, but the backdrop remains intricate. Geopolitical tensions, regulatory shifts, technological change, cybersecurity demands, and evolving shareholder priorities… Read More

June 19, 2026 @ 3:01 am By Omar Faridi  |  

UK Finance has indicated that the payments sector is undergoing significant transformation, moving far beyond incremental evolution into a complete redefinition. A powerful combination of advanced technologies, evolving regulatory frameworks, and global uncertainties has created unprecedented challenges and possibilities for the fintech enabled payments industry…. Read More

June 15, 2026 @ 2:10 am By Omar Faridi  |  

Criminals stole nearly £1.28 billion through payment fraud in 2025, according to the latest annual figures from UK Finance, marking a 4% rise from the previous year. The data underscores how fraud has evolved into a large-scale operation that endangers individuals, companies, and the broader… Read More

June 14, 2026 @ 10:59 pm By Omar Faridi  |  

Ten years on from the Brexit vote, UK Finance has released a detailed report in partnership with law firm Freshfields, proposing a fresh strategic approach to ties between Britain and the European Union in the financial sector. Titled Unlocking Growth Through a Stronger UK-EU Financial… Read More

June 12, 2026 @ 8:04 am By Omar Faridi  |  

UK Finance has indicated that lending to small and medium-sized enterprises (SMEs) across the UK surged in early 2026, marking a notable recovery in business finance activity. According to the latest Business Finance Review from UK Finance, gross lending to SMEs climbed 16 percent compared… Read More

June 10, 2026 @ 12:11 am By Omar Faridi  |  

UK Finance has indicated that effective sanctions enforcement, identifying the real owners or controllers of assets has always presented significant difficulties. This challenge intensifies significantly with cryptocurrencies, where the technology’s much-heralded openness does not always translate into clear links between transactions and real-world individuals or… Read More

May 7, 2026 @ 6:08 am By Omar Faridi  |  

UK Finance has indicated that mortgage affordability across the United Kingdom has reached its most strained point since 2008, according to a new analysis by UK Finance. The industry body’s latest Lending Where We Live report highlights sharp contrasts in the financial burden faced by… Read More

April 17, 2026 @ 7:45 am By Omar Faridi  |  

There’s an ongoing race to adopt artificial intelligence and many UK financial institutions are discovering a harsh reality. A successful proof-of-concept is not the same as genuine enterprise readiness. According to a new analysis published by UK Finance, the industry’s heavy emphasis on isolated AI… Read More

April 13, 2026 @ 7:35 pm By Omar Faridi  |  

UK Finance noted that the ongoing battle against financial crime has become more challenging because artificial intelligence has emerged as a powerful weapon (but for both sides). A recent analysis from UK Finance underscores a critical shift where fraudsters are now harnessing AI to outpace… Read More

April 12, 2026 @ 6:32 am By Omar Faridi  |  

UK Finance has noted that the United Kingdom’s government has rolled out its updated Fraud Strategy for 2026–2029, marking the first key update since the previous plan was introduced three years ago under the earlier Sunak administration. With fraud now said to be representing roughly… Read More

March 24, 2026 @ 5:33 am By Omar Faridi  |  

UK Finance has outlined a forward-looking vision for the nation’s financial services industry, urging a shift beyond narrow regulatory compliance toward a more holistic strategy that secures London’s status as a global hub while embedding stronger internal standards on conduct. In recent analyses, the industry… Read More

March 17, 2026 @ 9:10 am By Omar Faridi  |  

UK Finance shared that Britain’s banking industry is undergoing a quiet but significant transformation, with fresh momentum in customer pricing strategies and international payment systems. Recent analyses from leading trade body UK Finance spotlight two forward-looking trends that promise better value for consumers and stronger… Read More

March 13, 2026 @ 3:13 pm By Omar Faridi  |  

UK Finance has indicated that British high street banks extended more support to small and medium-sized enterprises last year, with total new lending climbing to £17.5 billion in 2025 from £16.1 billion in 2024. The latest figures from UK Finance show this marks the second… Read More

March 12, 2026 @ 1:46 am By Omar Faridi  |  

UK Finance has indicated that financial institutions are rapidly embedding artificial intelligence into everyday operations, from customer service chatbots to fraud detection algorithms and credit decision engines. UK Finance pointed out that this accelerating adoption has turned AI risk into a pressing strategic challenge that… Read More

March 11, 2026 @ 11:43 am By Omar Faridi  |  

UK Finance has released analyses underscoring the evolving landscape of Britain’s payments system. One focuses on designing better access to core infrastructure, while the other examines real-world cash usage on high streets. Together, they highlight the need for inclusive, efficient, and resilient payment options that… Read More

March 4, 2026 @ 8:15 am By Omar Faridi  |  

The UK’s economy demonstrated modest resilience in 2025, with gross domestic product expanding by 1.3% for the year, surpassing earlier projections and improving slightly from the previous year’s 1.1%. UK Finance indicated that this uptick was fueled by increases in consumer and public expenditures, alongside… Read More

February 25, 2026 @ 10:51 am By Omar Faridi  |  

UK Finance pointed out that the latest Corruption Perceptions Index (CPI) from Transparency International delivers a sobering message for the United Kingdom: progress against graft has stalled, and decisive action is now essential. Released in early 2026, the 2025 CPI shows the UK’s score slipping… Read More

February 24, 2026 @ 8:19 am By Omar Faridi  |  

UK Finance has spotlighted a critical evolution in how institutions manage detection tools. A recent blog post, authored by Aleksandra Bojarzyn of KPMG UK alongside colleagues Ashley Lai, Rachel Olson, and Alisheik Akbar Ali, urges firms to move past basic regulatory checkboxes. Financial crime models—used… Read More