Tag: UK Banks

AI has become a core part of UK financial institutions’ operations, moving firmly from pilot projects to measurable business performance, according to the latest...

Prism Infosec has become one of only 16 firms worldwide accredited to deliver CBEST cyber security testing to the country’s top financial institutions and...

The Financial Conduct Authority (FCA) has put anti-money laundering (AML) failures firmly in its sights as part of its five-year strategy plan for 2025–2030....

Monzo has reported a dramatic leap in profitability, with adjusted pre-tax profits reaching £113.9m for the financial year ending 31 March 2025—an eightfold increase from the previous year.

Kroo, a digital bank, has closed its crowdfunding round today, amassing a staggering £2,009,559.12. This figure more than doubles its initial target of £1m, demonstrating a strong public demand for better banking solutions.

Only 51% of UK bank employees recommend their institutions' international payments services, according to a revealing survey commissioned by Wise. The findings underscore the pressing need for banks to revamp their cross-border payments solutions if they hope to stay competitive against dedicated international payment providers.

The FCA has unveiled actions under the Consumer Duty rules, outlining a 14-point plan aimed at enhancing cash savings interest rates.

In a revealing new study by Tink, Europe's premier open banking platform, an estimated 40% of UK residents expressed interest in utilising banking tools to monitor their environmental footprint, however, only 24% of banks currently offer such capabilities.